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 (LoA) from South Central Railway worth Rs. 2,27,34,152.55 (approximately Rs. 2.27 crore). The contract is for replacement of video surveillance systems at various locations within Secunderabad Railway stations. The company has confirmed there is no related party interest in the awarding entity. The order falls under the government sector, specifically Indian Railways.
This is a modest government order for the company's surveillance subsidiary, providing incremental revenue visibility. While not transformative in size, it reinforces the subsidiary's capability in railway surveillance projects and supports the order book in the government segment.