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 has received a Letter of Acceptance from Rail Vikas Nigam Limited (RVNL) to install AI-based Video Surveillance Systems across 441 D & E category stations and augment 43 major stations (A1, A, B) of Southern Railway, valued at approximately Rs. 85 crores. The project includes IP-based CCTV deployment, networking infrastructure, AI video analytics, and face recognition software, aligned with RDSO specifications and cybersecurity standards. This follows two earlier wins — Rs. 32 crores from NHAI and Rs. 2.25 crores from South Central Railway — taking the total recent order tally to about Rs. 119.25 crores. Management says the wins position the company for expansion into airports, metros, and smart city projects.
Back-to-back government order wins worth over Rs. 119 crores strengthen Provigil's order book and reinforce Magellanic Cloud's positioning in AI-driven surveillance, which could support revenue growth and improved visibility for shareholders.