MCLOUD Subsidiary Secures ₹8.21 Crore in Railway CCTV Contracts
Magellanic Cloud's subsidiary, Provigil Surveillance Limited, received two orders from North Western Railway worth ₹8.21 Crore. The contracts involve supplying and installing CCTV systems at railway stations and TRD installations, with execution periods of 9 and 6 months, respectively.
The value of the orders is material, contributing to revenue and order book growth, but not a transformative event for the company.
The announcement details the receipt of significant new orders, which is positive for the company's revenue and order book.
Magellanic Cloud Limited announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has received two Letters of Acceptance (LOA) from North Western Railway, Bikaner Division. The aggregate value of these orders is approximately ₹8.21 Crore.
The first order, valued at approximately ₹4.93 Crore, is for the provision of CCTV Cameras at all PRS & UTS cum PRS counters across 54 stations (64 locations) over Bikaner Division. This includes supply, installation, commissioning, and integration of complete CCTV systems with centralized monitoring rooms. The execution period for this contract is 9 months.
The second order, amounting to approximately ₹3.28 Crore, is for the provision of IP-based CCTV systems for remote surveillance of TRD installations, including Switching Posts, Sub Sectioning Posts, Traction Sub Stations, and Depots across Bikaner Division. This also involves supply, installation, testing, commissioning, and integration of CCTV systems along with associated infrastructure. The execution period for this contract is 6 months.
These new orders are a continuation of earlier contracts secured by the subsidiary and highlight the company's expanding presence in the railway surveillance and security solutions sector. The repeat business signifies customer confidence in Magellanic Cloud's execution capabilities, strengthens the consolidated order book, and enhances future revenue visibility. None of the promoters or their group companies have any interest in the awarding entity, and these contracts do not fall under 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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