Magellanic Cloud Subsidiary Secures ₹3.61 Crore CCTV Project from Central Railway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received a Letter of Acceptance from Central Railway, Nagpur Division. The ₹3.61 crore project involves supplying and installing CCTV surveillance systems at level crossing gates. The contract is to be executed within 9 months.
The order value of ₹3.61 crore is significant for the company and contributes to its revenue stream, but it is not a transformative amount for a listed entity.
The company has secured a new order, which is a positive development for its business.
Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LoA) from Central Railway, Nagpur Division (NGP Division).
The mandate involves the comprehensive supply, installation, testing, commissioning, and maintenance of CCTV surveillance systems. These systems will be deployed at manned, non-interlocked Level Crossing (LC) gates within the Narkher – Chandur Bazar section of the Nagpur Division.
The project is valued at approximately ₹3.61 crore (Rupees Three Crores Sixty-One Lakhs only). It includes the deployment of RDSO-compliant Full HD IP CCTV cameras, network video recorders (NVRs), power and communication infrastructure, complete system integration, and associated civil and electrical works, adhering to tender specifications.
Global CEO & Managing Director Mr. Joseph Sudheer Reddy Thumma stated that this partnership is a "strong endorsement" of the company’s capability to manage complex safety systems. The order is not considered a related party transaction, and none of the promoters or promoter group companies have any interest in the awarding entity.
The contract is to be executed within 9 months.
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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.