Magellanic Cloud Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MCLOUD · price
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Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Central Railway, Bhusawal Division for a contract worth approximately INR 2 Crore. The scope includes supply, installation, commissioning, and maintenance of a CCTV surveillance system at railway LC Gate buildings, with AI-based monitoring features and a centralized command and control centre at Bhusawal. The project needs to be completed within 6 months. The order has been awarded by a domestic government entity (Indian Railways) and is not a related party transaction. The filing was made under SEBI's Regulation 30 disclosure requirements for order wins.
This is a positive but small order win for the company, adding to its order book in the government/Railway surveillance segment. The AI-enabled CCTV scope demonstrates capability in tech-driven infrastructure projects, which could help win similar contracts in the future, though the INR 2 Crore size is modest and unlikely to materially move the stock on its own.