Magellanic Cloud Ltd. Receives Order from RailTel Corporation of India Limited
Magellanic Cloud Ltd. announced on March 17, 2026, that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Intent (LOI) from RailTel Corporation of India Limited. The order pertains to the 'Installation of CCTV Surveillance System for Customer of RailTel (CoR) (Inside Engg College Campus)' under Tender/EOI No. RCIL/NR_CDG/EOI/MKTG/PEC/CCTV/202526.The project is valued at ₹ 1,55,00,000, inclusive of taxes, and encompasses the supply, installation, testing, and commissioning of CCTV surveillance infrastructure. This includes key components such as cameras, switches, network video recorders (NVRs), displays, racks, uninterruptible power supplies (UPS), hard disks, and related items. Provigil Surveillance Limited is required to submit a Performance Bank Guarantee (PBG) of ₹ 7,75,000, representing 5% of the contract value, and provide warranty support for a period of 3 years.
Project completion is anticipated within 1 month from commencement of work or issuance of a formal ERP Purchase Order, as detailed in the LOI. The company stated the order strengthens Provigil Surveillance Limited's position in the public sector surveillance market and reinforces the group's momentum in delivering technology-driven security solutions.
Neither the promoter, promoter group, nor group companies have any interest in RailTel Corporation of India Limited. The order does not constitute a related party transaction.
Order Details Summary
| Particulars | Details |
|---|---|
| Entity Awarding Order/Contract | RailTel Corporation of India Limited |
| Contract Value | ₹ 1,55,00,000 (inclusive of taxes) |
| Performance Bank Guarantee (PBG) | ₹ 7,75,000 (5% of contract value) |
| Project Duration | Within 1 month from commencement/issuance of formal ERP Purchase Order |
| Warranty Period | 3 years |
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