Business Update7 Sept 2026, 09:10 am
Magellanic Cloud Subsidiary Wins ₹3.49 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 ₹3.49 Crore. The contract involves the Supply, Installation, Testing, and Commissioning (SITC) of Telecom material for a CCTV surveillance system across 38 stations in the Ratlam Division. This project aims to monitor main line points and crossings, enhancing critical railway infrastructure security. The order aligns with Magellanic Cloud's core business of providing integrated surveillance and technology solutions.
Key Highlights
- Subsidiary Provigil Surveillance Limited secures ₹3.49 Cr contract from Western Railway.
- Contract is for SITC of CCTV surveillance system at 38 railway stations.
- Order strengthens company's presence in critical infrastructure security.
- Project involves deployment of IP-based CCTV and related infrastructure.
- Contract awarded in the ordinary course of business.
Price Impact
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