Deals19 Aug 2025, 01:23 pm
Magellanic Cloud Subsidiary Secures Rs. 2.27 Crore Surveillance Contract from South Central Railway
AI Summary
Magellanic Cloud Ltd's wholly owned subsidiary, Provigil Surveillance Limited, has been awarded a Letter of Acceptance (LOA) from South Central Railway. The project, valued at Rs. 2,27,34,152.55, involves the replacement of video surveillance at different locations at Secunderabad Railway stations. The order does not involve any related party transactions and none of the promoter/promoter group/group companies have any interest in the entity that awarded the order.
Key Highlights
- Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secures a Rs. 2.27 crore contract from South Central Railway
- The project involves the replacement of video surveillance at Secunderabad Railway stations
- The contract does not involve any related party transactions
- The order is not related to any promoter/promoter group/group companies
- The contract is awarded through a Letter of Acceptance (LOA)