Magellanic Cloud Subsidiary Secures Over ₹7.91 Crore Contract to Deploy E-Surveillance System for Western Railway
Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has secured a contract valued at ₹7,91,60,064.53 from the Western Railway, Ratlam Division. The contract involves the supply, installation, testing, and commissioning of telecom material for a major integrated e-surveillance system deployment.The Letter of Acceptance (LOA) was awarded for the surveillance project, which will be implemented across more than 40 Manned Non-Interlocked Level Crossing Gates within the Ratlam Division.
The scope of work detailed in the LOA covers the complete deployment of an integrated e-surveillance and telecom infrastructure. This includes the supply and setup of cameras, networking and telecom equipment, associated cabling infrastructure, Optical Fibre Cable (OFC), racks, power systems, and solar-based power solutions.
This latest contract win bolsters the market position of Provigil Surveillance Limited in the railway, surveillance, and critical infrastructure sectors. The order reinforces the company's capability to execute large-scale, integrated surveillance and telecom deployments.
The project adds to Magellanic Cloud Limited's growing presence in technology-led solutions for critical infrastructure. The group has achieved significant order momentum in the current financial year, having secured contracts worth over ₹111 crore.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are edging higher to ₹30.50 as of 9:16 AM, gaining 0.76% in live trading. The equity trades on 17,660 shares as market activity continues this morning.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.