Magellanic Cloud subsidiary receives ₹4.99 Crore AI CCTV order
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secured a ₹4.99 Crore order from Social Welfare Educational Institute for AI-based CCTV infrastructure deployment and maintenance across 176 locations. The project includes camera installation, command center setup, and software integration, with completion expected within 3 months.
The order value, while substantial, represents a medium impact on the overall business of Magellanic Cloud Limited.
The company has received a significant new order, which is generally positive for business growth.
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Purchase Order from the Social Welfare Educational Institute.
The order is for the procurement, deployment, and maintenance of AI-based Monitoring and CCTV infrastructure for the Social Welfare Residential Educational Institutions Society across multiple locations.
The project is valued at ₹4,99,21,345 (Rupees Four Crore Ninety-Nine Lakh Twenty-One Thousand Three Hundred and Forty-Five only). It includes the deployment of 5MP or higher AI-enabled CCTV cameras at 176 locations, the establishment of a Centralized Command Control Centre, and the supply and integration of video management software (VMS), AI Analytics, and storage infrastructure. The scope also covers the installation of video wall monitoring systems and networking equipment, as well as the implementation of web and mobile applications for AI-based incident monitoring.
The delivery and installation are expected to be completed within 3 months from the date of the Notification of Award, as per the tender terms. None of the promoter or promoter group companies have any interest in the entity that awarded the order, and it does not fall under related party transactions.
What to do with a filing like this
Magellanic Cloud Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Magellanic Cloud Limited. Read the original for the full detail.