Magellanic Cloud Subsidiary Secures ₹2.25 Crore IRCTC Contract for AI CCTV Surveillance
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secured a ₹2.25 Crore contract from IRCTC. The project involves developing and deploying an AI-enabled CCTV live-streaming and analytics solution for IRCTC's authorized kitchen units over one year.
The contract value of ₹2.25 Crores is significant for a subsidiary and contributes to the company's order book, indicating potential for future revenue growth and expansion in the surveillance technology sector.
The company has secured a new order, which is a positive development for business growth and revenue generation.
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LoA) from Indian Railway Catering and Tourism Corporation Ltd (IRCTC).
The contract, valued at ₹2.25 Crores, is for the development, deployment, and testing of a continuous live streaming portal and clip gathering with AI Analytics Services for CCTV cameras at authorized kitchen units.
This project aims to enhance hygiene compliance, governance, transparency, and proactive detection of operational irregularities in IRCTC's catering operations through a centralized, AI-enabled monitoring system. The order is to be executed within one year.
Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, commented that this deployment reflects the company's expertise in next-generation surveillance systems and its commitment to leveraging technology for higher standards of transparency and operational oversight.
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