Magellanic Cloud Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MCLOUD · price
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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance Limited has received a Letter of Acceptance from South Eastern Railway, Kharagpur Division for an order worth approximately ₹3.44 crore. The project involves supply, installation, commissioning, and integration of AI-led CCTV surveillance systems at Goods Sheds, along with infrastructure modernization at Kharagpur and PKU Goods Sheds. The contract has a execution timeline of 15 months and is a domestic order from Indian Railways. This is a standard e-surveillance contract for railway goods sheds focused on AI-powered monitoring and security systems.
The order value of ₹3.44 crore is modest in absolute terms. While it demonstrates continued business development in the AI-surveillance segment, the size is unlikely to have any material impact on the company's financials or stock price in the near term. The order supports the company's strategic focus on transportation and logistics surveillance solutions.