Deals26 Jun 2025, 01:45 pm
Magellanic Cloud Subsidiary Secures Rs. 7.5 Crore Annual Order
AI Summary
Magellanic Cloud Ltd's wholly owned subsidiary, Provigil Surveillance Limited, has received a purchase order from a customer valued at Rs. 7.5 crores annually. The total potential value of the order over a period of three years is approximately 22.5 crores. The order pertains to the implementation of E-surveillance systems across around 1300 sites. The customer has no relation with the promoter/promoter group/group companies of Magellanic Cloud Ltd. The order does not fall under the purview of related party transaction.
Key Highlights
- Magellanic Cloud Ltd's subsidiary, Provigil Surveillance Limited, secures a purchase order worth Rs. 7.5 crores annually
- The order has a potential total value of approximately 22.5 crores over three years
- The order is for the implementation of E-surveillance systems across around 1300 sites
- The customer is not related to the promoter/promoter group/group companies of Magellanic Cloud Ltd
- The order does not fall under the purview of related party transaction