MCLOUD Subsidiary Secures ₹7.92 Crore LOA from Western Railway
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received a ₹7.92 crore LOA from Western Railway for an e-surveillance system. The project involves supplying and installing telecom material for 40+ level crossing gates. This adds to the group's over ₹111 crore in orders this financial year.
While a new order, the value of ₹7.92 crore is not a substantial portion of the company's overall revenue, but it indicates positive business momentum and strengthens its presence in key sectors.
The company secured a significant new order from a major government entity, which is a positive development for its business and revenue prospects.
Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, for a contract valued at ₹7.92 crore.
The LOA is for the Supply, Installation, Testing, and Commissioning of Telecom Material for an integrated e-surveillance system across more than 40 Manned Non-Interlocked Level Crossing Gates in the Ratlam Division. The project involves deploying cameras, networking, OFC, and power solutions.
This order contributes to the Group's total secured orders of over ₹111 crore in the current financial year and strengthens Provigil Surveillance Limited's position in the railway, surveillance, and critical infrastructure sectors. The contract is in the ordinary course of business and aligns with the company's core offerings.
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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.