IVIS Secures ₹18.4 Crore in Orders from NCR for E-Surveillance Solutions at PNB ATM Sites
IVIS International Private Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has secured significant purchase orders from NCR Corporation India Private Limited. The contracts cover the provision of E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites, spanning a five-year period.The multiple Purchase Orders encompass both Capex and Opex components and total approximately ₹18.4 crore. This business development reinforces IVIS’s presence in the Banking & Financial Services (BFSI) E-Surveillance market, particularly concerning large scale, mission critical ATM surveillance deployments.
Commenting on the achievement, Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited, stated that BFSI has been a primary focus for IVIS. He highlighted that the company possesses substantial experience in delivering E-Surveillance solutions for banking networks and critical financial infrastructure over the last 1.5 decades.
Mr. Thumma added that these Purchase Orders strengthen their track record and demonstrate their capability to execute scalable, technology led E-Surveillance deployments across large distributed networks. He emphasized that IVIS remains committed to utilizing its proven domain expertise, AI enabled e-surveillance capabilities, and pan India deployment strength to deepen its presence in the BFSI segment and meet the evolving security needs of financial institutions.
The orders received by IVIS International Private Limited are part of the ordinary course of business and align with its core function of providing integrated surveillance, telecom and security infrastructure solutions.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are climbing steadily at 10:16 AM today, trading up 0.24% and currently valued at ₹28.98. The stock activity sees a volume tallying 585,916 shares as the market continues its live trade session.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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