Magellanic Cloud Subsidiary Secures ₹3.73 Crore Contract from DFCCIL
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received a ₹3.73 crore LOA from DFCCIL. The five-year contract is for E-Surveillance SITC and O&M on the Western Dedicated Freight Corridor, enhancing security and operational monitoring.
The contract value of ₹3.73 crore is significant but not transformative for a company of this scale, hence a medium impact.
The company secured a new contract, which is a positive development indicating business growth and expansion.
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India Limited (DFCCIL) for a contract valued at ₹3.73 crore.
The contract entails the Supply, Installation, Testing, and Commissioning (SITC) along with Operations & Maintenance (O&M) of an E-Surveillance System for a five-year period on an OPEX model. This engagement covers a key section of the Western Dedicated Freight Corridor (WDFC), specifically the Kishangarh Balawas (Excl.) – New Rewari – New Phulera – New Kishangarh – Madar (Excl.) section.
The scope of work includes theft prevention, remote monitoring, asset and facility protection, operational surveillance, perimeter security, dock management, recording infrastructure, Command and Control Centre functionality, and technical support services. This award reinforces Provigil's presence in critical public-sector transportation infrastructure and its growing footprint in the railway ecosystem.
Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited, stated that the engagement supports surveillance requirements across a key section of the WDFC and adds to the company's expanding surveillance portfolio across various critical sectors, strengthening its position in the government and PSU ecosystem.
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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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