Magellanic Cloud's Subsidiary Wins ₹7.64 Crore Railway CCTV Surveillance Contract
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from the South Central Railway, Nanded Division. The contract, valued at approximately Rs. 7.64 Crore, involves providing comprehensive IP-based CCTV surveillance systems for critical railway infrastructure.The awarded contract specifically covers the provision of IP-based CCTV surveillance systems across stabling lines, washing yards, and pit lines within the Nanded Division. The scope of work is extensive, encompassing installation, networking infrastructure, and providing a 5-year Comprehensive Annual Maintenance Contract (CAMC) support.
This new order is noted to strengthen the company's existing e-surveillance order book, which stands at over Rs. 200 crore. The continuous receipt of such orders is cited as evidence of the company's execution capabilities, domain expertise, and growing credibility in delivering integrated surveillance and security solutions across critical infrastructure sectors.
The details of the contract awarded are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | South Central Railway, Nanded Division |
| Nature of Contract | Supply, installation, testing, commissioning and maintenance of IP-based CCTV surveillance systems |
| Scope | Letter of Acceptance for Provision of IP based Video Surveillance System at Stabling Lines, Washing Yards and Pit Lines over Nanded Division |
| Consideration Size | Approx. Rs. 7.64 Crore |
| Execution Period | 12 Months |
| Promoter Interest | None |
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are gaining momentum, trading up 0.04% to ₹26.86 as of 9:37 AM. The equity is supported by steady buying interest, with 281,694 shares traded in the live market so far.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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