MCLOUD Subsidiary, Provigil, Secures ₹6.17 Crore Railway Surveillance Contract
Magellanic Cloud's subsidiary, Provigil Surveillance, secured a ₹6.17 crore contract from South East Central Railway for a Video Surveillance System across 66 level crossing gates. This order increases the company’s railway surveillance deployment value to ₹12.17 crore, with a total railway order book of ₹183 crore. The project is to be executed within 12 months.
The contract value is significant and enhances the company's order book, indicating a positive but not transformative impact.
The announcement details a significant new order for the company, which is likely to have a positive impact on revenue and future prospects.
Magellanic Cloud Limited announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from South East Central Railway, Nagpur Division, for providing a Video Surveillance System (VSS). This system will monitor 66 manned non-interlocked level crossing gates, with 61 in Nagpur Division, 4 in Raipur Division, and 1 in Bilaspur Division. The total contract value is ₹6,16,55,609.34.
With this order, the company’s cumulative railway Level Crossing surveillance deployment value has increased to approximately ₹12.17 crore across multiple LC Gates. The total order book from the Railways stands at approximately ₹183 crore, providing healthy revenue visibility in the upcoming quarters. This project aims to enhance safety at Level Crossing Gates through real-time monitoring, centralized visibility, AI-based analytics, and secure data management, thereby improving operational safety and surveillance efficiency across the Division.
The receipt of this Letter of Acceptance further strengthens Provigil Surveillance Limited’s established credentials in executing large-scale, mission-critical surveillance projects for Indian Railways and reinforces the Group’s leadership in AI-driven video analytics and smart surveillance solutions. The order is expected to be executed within 12 months from the date of the Letter of Acceptance.
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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.