Magellanic Cloud Subsidiary Secures ₹ 9.72 Crore Contract for CCTV Surveillance at East Coast Railway
Magellanic Cloud Ltd's wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from East Coast Railway, Sambalpur Division. The contract involves the critical deployment of CCTV surveillance systems across the Sambalpur Division of East Coast Railway.The awarded contract, valued at an aggregate of ₹ 9.72 Crore, focuses on enhancing monitoring, safety, and security by deploying CCTV surveillance systems at 91 manned noninterlocked Level Crossing (LC) Gates within the Sambalpur Division.
This new order is positioned as a significant milestone for the company's involvement in railway infrastructure. The scope of the work requires the supply, installation, testing, commissioning, and integration of CCTV surveillance systems and associated networking infrastructure. The execution period for this contract is set for six months.
Contract Award Details
The contract details received from East Coast Railway, Sambalpur Division, provide a clear overview of the awarded work.| Particulars | Detail |
|---|---|
| Awarding Entity | East Coast Railway, Sambalpur Division |
| Nature of Contract | Supply, installation, testing, commissioning, and integration of CCTV surveillance systems and associated networking infrastructure |
| Contract Scope | Provision of CCTV Cameras at 91 Manned Non-Interlocked Level Crossing Gates over Sambalpur Division |
| Consideration/Size | INR 9.72 Crore (Approx.) |
| Execution Timeline | 6 Months |
| Promoter Interest | No |
| Related Party Transaction | No |
Magellanic Cloud highlighted that the cumulative railway orders now exceed ₹ 250 Crore. The company continues to build a strong execution track record by supporting the modernization and safety enhancement initiatives of Indian Railways.
Magellanic Cloud remains focused on strengthening its engagement with Public Sector Units (PSUs) and government agencies, particularly as increasing investments in digital infrastructure, surveillance, and asset protection create long-term growth opportunities across the sector.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are edging higher to ₹26.08 as of 1:55 PM today, pushing the stock up 1.12% in live trading. The equity is seeing sustained interest on 1.70 million shares, currently trading robustly above its day's low of ₹25.61.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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