Magellanic Cloud Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magellanic Cloud Limited has received a purchase order valued at Rs. 40 crores (basic value) for e-surveillance services. The contract spans a period of five years. The customer awarding the order has not been named in the filing. The company clarified that the order is not a related party transaction, meaning no promoter or group company has any interest in the awarding entity. The order was disclosed to the exchanges on May 19, 2025, under SEBI's listing and disclosure regulations.
This is a positive development as it adds a long-duration (5-year) contract to the company's order book, providing revenue visibility. At Rs. 8 crores per year on average, the order signals steady business activity for Magellanic Cloud, though the long-term financial impact will depend on execution and margins.