Magellanic Cloud Subsidiary Secures Over ₹8 Crore Contract for Surveillance Systems from DFCCIL
Magellanic Cloud Limited has received a significant contract award through its wholly-owned subsidiary, Provigil Surveillance Limited. The company secured a Letter of Acceptance (LOA) from the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), Ahmedabad, for an integrated surveillance project valued at ₹ 8,89,99,860.The contract involves providing comprehensive services related to the Supply, Installation, Testing, Commissioning, and Operation & Maintenance (O&M) of an IP-based CCTV Surveillance System. This work is set to span five years across various DFCCIL locations situated between New Palanpur and New Gothangam under CGM/ADI, WDFC.
The project encompasses the implementation of a sophisticated integrated security e-surveillance system. The solution is designed to support critical functions including theft prevention, facility and asset protection, remote video monitoring, operational monitoring, vandalism deterrence, event based surveillance, and dock management. Key technological components include AI enabled video analytics for enhanced real time monitoring and event detection, centralized storage and recording infrastructure, technical manpower, and command and control centre capabilities.
This contract award marks an expansion of Magellanic Cloud Limited's footprint across the transportation and critical infrastructure sectors. The order strengthens the company's existing order book and reinforces its strategic focus on delivering intelligent, AI enabled security solutions. By successfully securing this project, Magellanic Cloud solidifies its positioning as a technology driven security solutions provider capable of meeting the evolving surveillance demands of large scale infrastructure environments.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are rallying strongly as of 2:09 PM, with the stock price edging higher to ₹28.81 after gaining ₹2.04 or 7.62% in live trading. The equity saw heavy market activity during the session, processing over 6.34 million shares.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.
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