Magellanic Cloud's Subsidiary Bags ₹3.59 Crore CCTV Project from South-Western Railway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, secured a ₹3.59 Crore contract from South-Western Railway for a CCTV surveillance system at Mysuru Railway Station. The project, to be executed in 6 months, includes supply, installation, and integration of advanced surveillance technology.
The value of the contract (₹3.59 Crore) is significant for a subsidiary and contributes to the company's order book, but it is not a transformative amount for the entire group.
The company has secured a new order, which is generally 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 South-Western Railway, Bengaluru Division. The contract is valued at approximately ₹3.59 Crore.
The project involves the Replacement and Additional Provision of a CCTV Surveillance System at Mysuru Railway Station. The scope of work includes the supply, installation, testing, commissioning, and integration of CCTV surveillance systems, encompassing VMS, VAS & FRS integration, various types of cameras (PTZ/Bullet/Dome/4K UHD), Video Analytics Servers, Storage Systems, Networking Infrastructure, UPS Systems, and a centralized monitoring infrastructure with failover architecture.
Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited, commented on the development, stating that the company's growing presence in railway surveillance projects reflects the accelerating shift towards technology-driven infrastructure modernization in India. He highlighted the need for intelligent surveillance systems capable of delivering real-time visibility and proactive monitoring, and expressed the company's aim to support the creation of smarter, safer, and more digitally resilient public infrastructure.
The order is to be executed within 6 months and does not involve any interest from the promoter, promoter group, or group companies in the awarding entity. It also does not fall within the purview of related party transactions.
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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.