Magellanic Cloud Secures ₹8.90 Crore Contract from DFCCIL for Five-Year CCTV Surveillance Project
Magellanic Cloud Limited, through its wholly owned subsidiary Provigil Surveillance Limited, has secured a significant contract with the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The Letter of Acceptance (LOA) covers a five-year engagement for an IP-based CCTV Surveillance Supply, Installation, Testing, Commissioning and Operations & Maintenance (SITC and O&M) project.The contract, valued at ₹8.90 crore (Rupees Eight Crore Ninety Lakh Only), involves the surveillance of the New Palanpur -New Gothangam section of the Western Dedicated Freight Corridor (WDFC). This critical infrastructure deployment focuses on providing remote video monitoring, asset protection, perimeter security, and Command and Control Centre infrastructure.
The award reinforces Provigil Surveillance Limited's capabilities and commitment to high-level public sector clients. The current order follows another contract secured by Provigil from DFCCIL on August 13, highlighting the growing confidence of the PSU major in the company’s execution skills.
Strategic Significance for Infrastructure Security
The five-year OPEX-based engagement provides a long-term project visibility and supports the deployment of an integrated e-surveillance framework for vital railway infrastructure. This deployment includes AI-enabled video analytics, centralized monitoring, video management, and storage capabilities, advancing technology-led security in large-scale environments.
This continuous traction with DFCCIL helps expand Magellanic Cloud’s portfolio across transportation and government critical infrastructure sectors.
Leadership Viewpoint
Commenting on the contract win, Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, stated that the order further strengthens the company's presence in large-scale critical infrastructure projects. He noted that the five-year OPEX engagement reinforces their focus on building sustainable and scalable business opportunities, while maintaining dedication to delivering high-quality surveillance solutions.
About Magellanic Cloud Limited
Magellanic Cloud Limited is a global technology company headquartered in Hyderabad, specializing in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company serves industries such as smart infrastructure, defense, fintech, and enterprise IT across the USA, Europe, and Asia. It possesses a robust ecosystem of subsidiaries, including Provigil Surveillance Limited and IVIS International, offering integrated capabilities in surveillance systems for railways, highways, BFSI, PSUs, and urban security.
MCLOUD Stock Price Movement
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