Magellanic Cloud Subsidiary Secures ₹3.73 Crore Contract for E-Surveillance of Western Dedicated Freight Corridor
Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The contract, valued at ₹3,73,00,000, involves the integrated surveillance and operations maintenance (O&M) of an e-Surveillance System for critical railway infrastructure.The project scope covers a specific section of the Western Dedicated Freight Corridor (WDFC), including Kishangarh Balawas (Excl.) - New Rewari - New Phulera - New Kishangarh - Madar (Excl.). This engagement falls under the CGM/JP Unit and represents a significant operational contract for Provigil Surveillance Limited.
The work, set to be executed over five years on an OPEX model, aims to establish an integrated e-surveillance framework designed for the enhanced protection of railway infrastructure. The comprehensive scope of services includes CCTV based theft prevention, remote monitoring, asset and facility protection, operational surveillance, perimeter security, dock management, recording infrastructure setup, Command and Control Centre functionality, and technical support services.
This contract reinforces Provigil Surveillance Limited's growing presence across crucial public sector infrastructure. Industry observers note that the award reflects the increasing trust placed by leading Public Sector Undertakings (PSUs) in the Company’s e-surveillance and security capabilities. The engagement strengthens Magellanic Cloud’s position as a technology enabled partner for securing large scale, mission critical infrastructure within the government and PSU ecosystem.
MCLOUD Stock Price Movement
Shares of MAGELLANIC CLOUD LIMITED are edging higher to ₹29.25 as of 12:39 PM today, propelled by a 0.58% gain (+₹0.17). The stock sees activity in the market with a traded volume of 2,241 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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