Magellanic Cloud Subsidiary Wins ₹7.92 Cr Railway Contract
Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, for a contract valued at ₹7.92 Crore. The project involves the supply, installation, testing, and commissioning of telecom material for an integrated e-surveillance system across over 40 Manned Non-Interlocked Level Crossing Gates. This award strengthens Provigil's position in the railway, surveillance, and telecom sectors and contributes to the group's strong order momentum, with total group order wins exceeding ₹111 crore for the current financial year. The contract underscores Magellanic Cloud's role in advancing Indian Railways' modernization efforts.
Key Highlights
- Subsidiary Provigil Surveillance secures ₹7.92 Cr LOA from Western Railway.
- Contract is for e-surveillance and telecom infrastructure at level crossing gates.
- Bolsters company's presence in railway and critical infrastructure sectors.
- Group order wins surpass ₹111 crore for the current financial year.
- Enhances company's role in Indian Railways' modernization initiatives.
Price Impact
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