Magellanic Cloud Subsidiary Wins ₹3.16 Cr DFCCIL Contract
Magellanic Cloud Limited's wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India Limited (DFCCIL) for CCTV surveillance solutions. The contract is valued at ₹3,16,00,452.60 (₹3.16 Crore) including duties and taxes. The project involves supplying, installing, testing, and commissioning CCTV systems across the Western Dedicated Freight Corridor (WDFC) for a period of five years on an OPEX model. This includes operation and maintenance post-commissioning. The installation must be completed within 90 days. This contract significantly enhances the company's presence in the railway and critical infrastructure surveillance sector.
Key Highlights
- Subsidiary Provigil Surveillance secures ₹3.16 Crore contract from DFCCIL.
- Contract is for CCTV surveillance solutions over five years on OPEX model.
- Project includes supply, installation, commissioning, and O&M.
- Strengthens company's position in railway and infrastructure surveillance.
Price Impact
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