Letter of Acceptance from Southern Central Railway for an aggregate value of Rs. 7.64 crore.
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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance Limited has received a Letter of Acceptance from South Central Railway's Nanded Division for approximately Rs. 7.64 crore. The order is for providing IP-based CCTV surveillance systems at stabling lines, washing yards and pit lines, including installation, networking infrastructure and a 5-year comprehensive annual maintenance contract. The work is to be completed within 12 months. The company states this order strengthens its Rs. 200+ crore e-surveillance order book and demonstrates its execution capabilities in railway and PSU projects.
A moderate positive development for shareholders as the company secures another government order, adding to its order book visibility. The 5-year maintenance contract also provides long-term revenue visibility, though the absolute order size of Rs. 7.64 crore is relatively small for meaningful immediate impact.