Magellanic Cloud Adds Rs 7.64 Crore South Central Railway Contract to Public Sector Order Pipeline

Magellanic Cloud Adds Rs 7.64 Crore South Central Railway Contract to Public Sector Order Pipeline​

Hyderabad, June 1, 2026 — Magellanic Cloud Ltd (NSE: MCLOUD | BSE: 538891), a global technology company specializing in digital transformation, artificial intelligence (AI), cloud computing, and surveillance solutions, announced that its wholly owned subsidiary, Provigil Surveillance Limited, secured a Letter of Acceptance (LOA) from South Central Railway, Nanded Division. The contract, with an aggregate value of approximately Rs 7.64 Crore, pertains to the implementation of an IP-based Video Surveillance System.

The scope of the project covers Stabling Lines, Washing Yards, and Pit Lines across the Nanded Division. The work mandate includes the supply, installation, testing, commissioning, and maintenance of IP-based CCTV surveillance systems, alongside the necessary networking infrastructure and a comprehensive five-year Annual Maintenance Contract (CAMC).

This new order is set for execution over a period of 12 months. The contract will contribute to Magellanic Cloud's revenue recognition throughout the project duration, notably including a five-year recurring maintenance stream after the initial commissioning phase.

The win further strengthens Magellanic Cloud’s public sector e-surveillance order book. The company reported that this order adds to a pipeline that had already exceeded Rs 7200 Crore during FY26.

South Central Railway is a major network spanning over 6,100 route kilometres across Telangana, Andhra Pradesh, Maharashtra, and Karnataka, classifying it as one of India's busiest rail networks for both freight and passenger traffic. The deployment of IP-based surveillance in the Nanded Division directly supports the Ministry of Railways' broader agenda for modernization and safety enhancement.

Joseph Sudheer Reddy Thumma, Global CEO, Chairman & Managing Director of Magellanic Cloud Limited, commented on the contract, stating, "India's railway modernization journey is creating significant opportunities for intelligent surveillance and infrastructure monitoring solutions. Nanded Division is strategically significant as it connects key freight and passenger corridors across Maharashtra and Telangana, and surveillance modernization here has direct safety implications for thousands of rail operations daily. This is our 16th railway division win over the last 12 months, and it reflects both the depth of trust Indian Railways has placed in Provigil and the repeatability of our deployment model."

Thumma added that the order reinforces the company's execution capabilities in large-scale surveillance deployments and reflects the growing adoption of technology-led safety and monitoring systems across public infrastructure.

Financial Highlights​

Magellanic Cloud Limited’s performance for FY26 provides an overview of its financial stature:


Magellanic Cloud Limited, headquartered in Hyderabad, is a global technology firm specializing in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company provides advanced solutions across sectors such as smart infrastructure, defense, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia. The firm utilizes a strong ecosystem of subsidiaries, including Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, and JNIT Technologies, to offer integrated capabilities in IT services and AI-driven surveillance systems.

MCLOUD Stock Price Movement​

Shares of Magellanic Cloud Limited are slipping by 0.11% in live trading, currently at ₹26.72 as of 12:26 PM today. The equity has traded 741,949 shares, keeping the stock within its intraday range of ₹26.60 to ₹27.05.