Deals12 Aug 2026, 10:55 am
Magellanic Cloud Subsidiary Secures ₹18.4 Cr PNB ATM E-Surveillance Deal
AI Summary
Magellanic Cloud Limited's wholly owned subsidiary, IVIS International Private Limited, has received multiple purchase orders from NCR Corporation India Private Limited for E-Surveillance Solutions across 1,000 Punjab National Bank (PNB) ATM sites. The aggregate value of these orders is approximately ₹18.4 Crore, spread over a period of 5 years. The deal includes both Capex and Opex components, strengthening Magellanic Cloud's presence in the BFSI sector and showcasing its capability for large-scale, technology-led surveillance deployments.
Key Highlights
- Subsidiary IVIS secures ₹18.4 Cr in purchase orders from NCR Corp.
- Deal covers E-Surveillance solutions for 1,000 PNB ATM sites.
- Orders include both Capex and Opex components over 5 years.
- Strengthens company's footprint in BFSI E-Surveillance sector.
- Highlights large-scale deployment and execution capabilities.
Price Impact
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