Business Update11 May 2026, 10:47 am
Magellanic Cloud's Subsidiary Bags ₹3.59 Cr Railway Contract
AI Summary
Magellanic Cloud Ltd's wholly-owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance from South-Western Railway, Bengaluru Division, for a ₹3.59 Crore project. The project involves the replacement and additional provision of a CCTV surveillance system at Mysuru Railway Station, including supply, installation, testing, commissioning, and integration of various surveillance components. This order highlights Magellanic Cloud's growing presence in railway surveillance and its contribution to technology-driven infrastructure modernization.
Key Highlights
- Provigil Surveillance Ltd secures ₹3.59 Crore CCTV project from South-Western Railway.
- Project includes supply, installation, and integration of advanced CCTV surveillance systems.
- The contract underscores Magellanic Cloud's focus on AI-powered surveillance for infrastructure.
- Order does not involve related party transactions; promoters have no interest in the awarding entity.