* $KRYSTAL has secured two work orders from the Government of Maharashtra for development of Sewage Treatment Plants (STPs), with a total project value of ₹296 crore. The company will execute the projects as part of a consortium, with Krystal’s share at 40%, implying an attributable order value of approximately ₹118.4 crore. The win strengthens Krystal’s presence in the water & wastewater infrastructure segment. * Positive for the company’s order book and diversification, as the contracts add sizeable government-backed infrastructure work to Krystal’s growing municipal-services portfolio. The company has already been expanding in Maharashtra’s civic-infrastructure space, including municipal sanitation contracts, indicating increasing exposure to long-duration government/municipal projects. Key monitorable: execution timelines, margins and the pace at which Krystal converts these projects into revenue.

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