Magellanic Cloud Subsidiary Secures ₹5.36 Crore AI CCTV Project from Central Railway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received a Letter of Acceptance from Central Railway for an AI-based CCTV surveillance system project. The project is valued at approximately ₹5.36 crore and is to be executed within 9 months.
The order value of ₹5.36 crore is material for the company and signifies new business, contributing to revenue and operational expansion, but it does not represent a transformative change in the company's overall business.
The announcement details the receipt of a significant new order from a major public sector undertaking (Central Railway), 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 Central Railway, Nagpur Division (NGP Division).
The scope of this project involves the end-to-end supply, installation, testing, commissioning, and maintenance of AI-based CCTV surveillance systems. These systems will be implemented at manned, non-interlocked Level Crossing (LC) gates within the South Section of the Nagpur Division.
The project has an approximate value of ₹5.36 crore (Rupees Five Crore Thirty-Six Lakh only). It includes the deployment of RDSO-compliant Full HD IP CCTV cameras integrated with AI-enabled video analytics, Network Video Recorders (NVRs), necessary power and communication infrastructure, complete system integration, and all associated civil and electrical works, adhering strictly to the tender specifications.
Mr. Joseph Sudheer Reddy Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, commented that this mandate is a significant endorsement of the company's capabilities in delivering AI-driven surveillance solutions in critical environments, reinforcing their collaboration with Indian Railways to enhance safety and operational efficiency.
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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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