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's wholly owned subsidiary Provigil Surveillance has received a Letter of Acceptance from South East Central Railway, Nagpur Division, to install a Video Surveillance System (VSS) at 66 manned non-interlocked level crossing gates across Nagpur, Raipur, and Bilaspur divisions. The contract is worth ₹6.17 crore and is to be executed within 12 months. The company noted that its cumulative railway level crossing surveillance deployment value has now reached about ₹12.17 crore, while its total railway order book stands at around ₹183 crore. The project involves AI-based analytics and centralized monitoring to improve safety at level crossings.
This is a modest new order (~3.4% of the existing ₹183 crore railway order book) that adds to already strong revenue visibility from Indian Railways. Positive for sentiment as it reinforces Provigil's track record in mission-critical railway surveillance, though the size alone is unlikely to move the stock sharply.