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.
Magellanic Cloud's wholly owned subsidiary Provigil Surveillance Limited has received a Letter of Acceptance from South Central Railway, Nanded Division for approximately Rs. 7.64 crore. The contract involves supply, installation, testing, and commissioning of IP-based CCTV surveillance systems at stabling lines, washing yards, and pit lines, along with a 5-year Comprehensive Annual Maintenance Contract. The project is to be executed within 12 months. The company states this order strengthens its Rs. 200+ crore e-surveillance order book and reinforces its credibility in Railway and PSU projects. The order is domestic and does not involve any related party transactions.
This is a positive development as it adds to the company's order book and demonstrates continued execution capabilities in the government/PSU segment. The 5-year maintenance contract provides long-term revenue visibility. However, the order size of Rs. 7.64 crore is relatively modest compared to the existing order book.