Magellanic Cloud subsidiary receives ₹9.72 Crore order from East Coast Railway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secured a ₹9.72 Crore contract from East Coast Railway for CCTV deployment at 91 level crossing gates. The project is to be executed within 6 months, reinforcing the company's presence in railway infrastructure.
The contract value of ₹9.72 Crore is significant for the company and contributes to its cumulative railway orders exceeding ₹250 Crore, indicating a positive impact on its business operations and market position.
The announcement details a new contract win, which is a positive development for the company's business and revenue prospects.
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from East Coast Railway, Sambalpur Division, for an aggregate contract value of ₹9.72 Crore.
The project entails the deployment of CCTV surveillance systems at 91 manned non-interlocked Level Crossing (LC) Gates under the Sambalpur Division. This order is expected to be executed within 6 months.
This contract further strengthens Magellanic Cloud's position in the railway infrastructure sector, with cumulative railway orders now exceeding ₹250 Crore. The company aims to continue its focus on engaging with Public Sector Undertakings (PSUs) and government agencies for growth opportunities in digital infrastructure and surveillance.
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