GAIL Awards ₹127.62 Million Contract to Magellanic Cloud Subsidiary for Integrated E-surveillance System
Magellanic Cloud Limited, a technology company specializing in digital transformation and AI solutions, has seen its wholly owned subsidiary secure a significant contract from GAIL (India) Limited. Provigil Surveillance Limited was awarded the purchase order valued at ₹127.62 million through the Government e-Marketplace (GeM) platform, marking a major development for Magellanic Cloud in India's critical Oil & Gas sector.The contract mandates that Provigil Surveillance Limited deploy an integrated E-surveillance system across GAIL's NCR (Operations & Maintenance) network. The scope of work encompasses the Supply, Installation, Testing, and Commissioning (SITC), along with ongoing maintenance of an advanced, enterprise grade E-surveillance infrastructure designed to meet GAIL’s specific operational requirements.
This contract establishes a crucial foundation for Magellanic Cloud's expanded presence in the Oil & Gas sector. The acquisition of the order reflects growing confidence among major public sector enterprises regarding Provigil's capacity to deliver high performance surveillance solutions and reinforces Magellanic Cloud’s positioning as a trusted technology partner for critical infrastructure projects.
Commenting on this development, Mr Joseph Sudheer Thumma, Global CEO and Managing Director of Magellanic Cloud Limited, stated that the purchase order reflects the confidence placed by leading public sector enterprises in their execution capabilities and AI enabled surveillance solutions. He added that the contract demonstrates how Magellanic Cloud’s ongoing transformation through integrated technology solutions is enabling the company to create value across India's critical infrastructure ecosystem.
Magellanic Cloud Limited is headquartered in Hyderabad, India, and specializes in areas including cloud computing, e-surveillance, Generative Artificial Intelligence (AI), and drone technologies. The global technology firm serves over 100 clients across Asia, Europe, and the USA and delivers advanced solutions to sectors such as smart infrastructure, defense, fintech, and enterprise IT.
Magellanic Cloud operates with an ecosystem of specialized subsidiaries. The company’s solutions are widely utilized in critical projects involving railways, highways, urban security systems, BFSI, and PSUs.
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As of 12:26 PM, shares of Magellanic Cloud Limited are slipping in live trading by 2.10%, currently priced at ₹28.95. The stock has seen heavy activity during the session, with close to 1.8 million shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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