Deals24 Aug 2026, 09:08 am
Magellanic Cloud Subsidiary Secures ₹7.9 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, for a contract valued at ₹7.92 crore. The project involves the supply, installation, testing, and commissioning of telecom material for an integrated e-surveillance system across over 40 railway level crossing gates. This order contributes to the group's total secured orders of over ₹111 crore in the current financial year, strengthening its position in the railway, surveillance, and critical infrastructure sectors.
Key Highlights
- Provigil Surveillance Limited awarded ₹7.92 Cr LOA by Western Railway.
- Contract for e-surveillance system at railway level crossing gates.
- Group has secured over ₹111 Cr in orders this financial year.
- Enhances company's presence in railway and critical infrastructure sectors.
Price Impact
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