Krystal Integrated Services has secured a major contract worth ₹111.00 crores from the Vasai Virar City Municipal Corporation for comprehensive waste management services. The contract represents a significant business achievement for the company and establishes a substantial revenue stream over the next five years.

Contract Details

The waste management contract encompasses a comprehensive range of services for the Vasai Virar City Municipal Corporation. The agreement spans a five-year duration, providing the company with long-term business visibility and revenue stability.

Strategic Significance

This contract award demonstrates Krystal Integrated Services' capabilities in the municipal waste management sector. The five-year tenure provides the company with predictable revenue flows and strengthens its position in the integrated services market. The partnership with Vasai Virar City Municipal Corporation, which serves one of the rapidly growing urban areas in the Mumbai Metropolitan Region, positions the company to serve a substantial municipal client base.

Business Impact

The ₹111.00 crore contract represents a substantial addition to the company's order book. With the five-year contract duration, the company can expect steady revenue recognition over the contract period, contributing to business stability and growth prospects in the waste management services segment.

Krystal Integrated Services Limited has secured a major municipal solid waste management contract from Vasai Virar City Municipal Corporation, valued at approximately ₹111 crores excluding all duties and taxes. The comprehensive 5-year agreement positions the company to expand its waste management operations significantly in the region.

Contract Details and Scope

The work order, numbered V.V.S.M. GN/1986/2026 and dated January 09, 2026, was received by the company on January 12, 2026. The contract encompasses comprehensive waste management services for Prabhag "F" area, including door-to-door collection, segregation, and transportation of municipal solid waste, along with street cleaning services.

Service Specifications

The contract requires Krystal Integrated Services to provide comprehensive solid waste management services in compliance with Solid Waste Management Rules 2016. The scope includes systematic door-to-door waste collection, proper segregation of waste materials, and transportation to designated locations as specified by the municipal corporation.

The street cleaning component adds another dimension to the contract, requiring the company to maintain cleanliness standards across the designated area. All services must be delivered in accordance with regulatory requirements and municipal guidelines.

Business Impact and Classification

The contract has been classified as being awarded in the ordinary course of business, indicating alignment with Krystal Integrated Services' core operational focus. The domestic nature of the contract reinforces the company's position in the Indian waste management sector.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing comprehensive details about the contract terms and conditions. The announcement confirms that neither promoters nor group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.

This significant contract award demonstrates Krystal Integrated Services' capability to secure substantial municipal contracts and expands its operational footprint in the waste management sector across Maharashtra.