Deals7 Sept 2026, 09:23 am
Magellanic Cloud Subsidiary Secures ₹3.49 Cr Railway Contract
AI Summary
Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, valued at ₹3.49 Crore. The contract is for the supply, installation, testing, and commissioning of telecom material for CCTV systems across 38 stations in the Ratlam Division. This award strengthens Magellanic Cloud's position in the Indian Railways surveillance and security sector, highlighting its capability to execute technology-driven projects in complex railway infrastructure. The company sees significant opportunities in the ongoing modernization of Indian Railways.
Key Highlights
- Subsidiary Provigil Surveillance receives ₹3.49 Cr LOA from Western Railway.
- Contract involves CCTV system deployment across 38 railway stations.
- Strengthens company's presence in railway surveillance and security.
- Demonstrates execution capabilities in complex infrastructure projects.
Price Impact
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