Magellanic Cloud Ltd. Receives INR 7.88 Crore Order from Indian Railways
Magellanic Cloud Ltd. announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Vijayawada Division (Indian Railways). The LOA pertains to the execution of signaling and telecommunication (S&T) arrangements for the provision of CCTV cameras at Goods Sheds across multiple railway stations under the Vijayawada Division.The total contract value is approximately INR 7.88 Crore, and the project is slated for completion within 365 days, adhering to Indian Railways General Conditions of Contract and tender conditions. The order aligns with the company’s normal course of business.
Neither the promoter group, group companies, nor any individual within those groups have any vested interest in the entity that awarded the contract. Furthermore, the order does not constitute a related party transaction.
Order Details
The following table summarizes the key details of the awarded order:
| Detail | Information |
|---|---|
| Entity Awarding Order | South Central Railway, Vijayawada Division (Indian Railways) |
| Description of Order | Supply, installation, testing, commissioning, and integration of CCTV cameras and S&T infrastructure at Goods Sheds |
| Order Type | Domestic |
| Execution Timeframe | 365 Days |
| Contract Value | INR 7.88 Crore (approximately) |
| Promoter/Group Interest | None |
| Related Party Transaction | No |
Joseph Sudheer Reddy Thumma, Managing Director of Magellanic Cloud Limited, confirmed the details.
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