New Launch20 Aug 2025, 02:01 am
Magellanic Cloud Subsidiary Secures Rs. 2.27 Crore Contract from South Central Railway
AI Summary
Magellanic Cloud Ltd. has announced a revised intimation regarding the receipt of orders/contracts. The revision was due to a typographical error in the earlier intimation. Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance (LoA) from South Central Railway, valued at Rs. 2,27,34,152.55. The project involves the replacement of video surveillance at different locations at Secunderabad Railway stations. Neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded the order/contract. The order/contract does not fall under related party transactions.
Key Highlights
- Magellanic Cloud Ltd.'s subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LoA) from South Central Railway.
- The LoA is valued at Rs. 2,27,34,152.55.
- The project involves the replacement of video surveillance at Secunderabad Railway stations.
- The transaction does not involve any related parties.
- The announcement is a revision due to a typographical error in the earlier intimation.