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 won a purchase order valued at ₹4,99,21,345 (about ₹4.99 crore) from the Social Welfare Educational Institute (APSWREIS), a domestic government entity. The project involves setting up AI-based CCTV surveillance across 176 residential educational institution locations, including 5MP AI-enabled cameras, a Centralized Command Control Centre, video management software, AI analytics, storage infrastructure, video wall systems, and web/mobile applications for incident monitoring. Delivery and installation are expected to be completed within 8 weeks from the Notification of Award, followed by an annual maintenance contract for existing surveillance infrastructure. The order is domestic, with no promoter or related party interest involved.
This is a modest new order win that adds to Provigil Surveillance's order book and reinforces the company's position in the government AI-surveillance segment. For retail investors, it signals continued business traction but the order size (~₹4.99 crore) is unlikely to be a major stock-moving catalyst on its own.