MCLOUD Subsidiary Secures ₹12.76 Crore GAIL Order for E-surveillance System
Magellanic Cloud's subsidiary, Provigil Surveillance, secured a ₹12.76 crore order from GAIL (India) Limited for an E-surveillance system. The project involves SITC and maintenance across GAIL's NCR network. This strengthens MCLOUD's position in the oil & gas sector and critical infrastructure.
The order value of ₹12.76 crore is material for the company and signifies a strategic win in the oil and gas sector, contributing to future growth and market expansion.
The announcement details a significant new order from a major public sector undertaking (GAIL), which is expected to enhance the company's revenue and market presence in a critical sector.
Magellanic Cloud Limited's wholly-owned subsidiary, Provigil Surveillance Limited, has been awarded a significant Purchase Order from GAIL (India) Limited. The order, secured through the Government e-Marketplace (GeM) platform, is for the deployment of an integrated E-surveillance system across GAIL's operations and maintenance network in the NCR region.
The scope of work involves the Supply, Installation, Testing, and Commissioning (SITC) of an advanced E-surveillance infrastructure, along with its maintenance, adhering to GAIL's technical specifications and contractual requirements. The total value of this contract is ₹12.76 crore (127.62 million).
This development marks a strategic advancement for Magellanic Cloud Limited, strengthening its presence in critical infrastructure and public sector segments. It underscores the company's capabilities in delivering enterprise-grade AI-enabled surveillance and integrated security solutions, and highlights the confidence leading public sector enterprises place in Provigil's execution capabilities and advanced technology offerings.
Mr. Joseph Sudheer Thumma, Global CEO and Managing Director of Magellanic Cloud Limited, stated that this Purchase Order establishes a strong foundation for the company's footprint in India's critical Oil & Gas sector. He emphasized that it reflects the confidence in Provigil's AI-enabled surveillance technology and represents a meaningful step in expanding into critical infrastructure verticals nationwide.
The company is committed to the timely and quality execution of this project and will continue to pursue similar opportunities within the government and enterprise sectors as part of its growth strategy. Magellanic Cloud Limited will keep the stock exchanges informed of any material developments.
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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.