
Magellanic Cloud's Subsidiary Secures ₹3.49 Crore Order from Western Railway for CCTV Systems
Hyderabad, India, September 7, 2026: Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, secured a Letter of Acceptance (LOA) from the Western Railway, Ratlam Division. The contract, valued at ₹3.49 Crore, involves the supply, installation, testing, and commissioning of telecom material for CCTV systems across 38 stations in the Ratlam Division.The order highlights the increasing trust and capability of Magellanic Cloud in the Indian Railways surveillance ecosystem. This contract win demonstrates the company's capacity to execute technology driven surveillance projects across complex and distributed railway infrastructure.
Receiving the contract from the Ratlam Division is seen as a significant step in strengthening Magellanic Cloud’s presence within the Indian Railways sector. The steady flow of orders from various railway divisions reinforces the company's execution capabilities and supports its strategy to expand its presence in critical infrastructure.
Joseph Sudheer Thumma, Global CEO and Managing Director of Magellanic Cloud Limited, commented on the development, stating that the order serves as "a strong validation of the trust and confidence being placed in Provigil Surveillance’s capabilities." He added that the deal demonstrates the company's ability to build strong customer relationships and deliver technology led surveillance solutions in complex railway environments.
Magellanic Cloud Limited is a global technology company specializing in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced solutions across diverse industries, including defense, smart infrastructure, fintech, and enterprise IT, serving over 100 clients globally.
The company maintains a strong ecosystem of subsidiaries, including Provigil Surveillance Limited, Motivity Labs, IVIS International, Scandron, MCRAYXTEND India, JNIT Technologies, and Finoux, providing integrated capabilities across IT services and AI driven surveillance systems. Its solutions are deployed in critical infrastructure projects such as railways, highways, BFSI, PSUs, and urban security systems.
MCLOUD Stock Price Movement
As of 9:37 AM, Magellanic Cloud Limited shares are edging higher to ₹26.35, gaining 0.23% in live trading. The stock sees 122,115 shares traded so far 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.
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