MCLOUD Subsidiary Secures ₹3.73 Cr E-Surveillance Contract from DFCCIL
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received a ₹3.73 Crore contract from DFCCIL. The project involves e-surveillance system implementation and maintenance over five years on the Western Dedicated Freight Corridor. This strengthens the company's position in critical infrastructure security.
The contract value of ₹3.73 Crore is material for a subsidiary and contributes to the company's order book, indicating potential revenue growth. However, it is not a transformative amount for the entire company.
The announcement details a new contract win for a subsidiary, which is a positive development for the company's business growth and market presence.
Magellanic Cloud Limited's 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 involves the Supply, Installation, Testing, and Commissioning (SITC) and Operations & Maintenance (O&M) of an E-Surveillance System across a specific section of the Western Dedicated Freight Corridor (WDFC). This project will be executed on an OPEX model over five years, aiming to enhance the protection of critical railway infrastructure.
The scope of work includes CCTV-based theft prevention, remote monitoring, asset and facility protection, operational surveillance, perimeter security, dock management, and the establishment of a Command and Control Centre. This award highlights Provigil Surveillance Limited's increasing presence in public-sector infrastructure and the trust placed by PSUs in its security capabilities.
The contract is in line with the company's core business of providing integrated surveillance, security, and technology solutions. Magellanic Cloud Limited is committed to executing this project with high standards and continues to seek similar opportunities in transportation, government, and critical infrastructure sectors.
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