Magellanic Cloud arm gets Rs 7.92 Cr LOA from Western Railway

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AI summary

Provigil Surveillance, a wholly owned subsidiary of Magellanic Cloud, has received a Letter of Acceptance worth Rs 7.92 crore from Western Railway's Ratlam Division. The contract covers supply, installation, testing and commissioning of telecom material for an integrated e-surveillance system across 40+ manned non-interlocked level crossing gates. Scope includes cameras, networking equipment, OFC cabling, racks, power systems and solar power solutions. The group has secured orders worth over Rs 111 crore so far this financial year.

Likely market impact

Strengthens subsidiary order book and reinforces presence in railway e-surveillance and telecom infrastructure sector.