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 Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received two Letters of Acceptance from North Western Railway, Bikaner Division, totalling approximately ₹8.21 Crore. The first order, worth ₹4.93 Crore, involves supply, installation, and integration of CCTV cameras at 54 stations (64 locations) covering PRS and UTS counters, with a 9-month execution timeline. The second order, worth ₹3.28 Crore, is for IP-based CCTV systems for remote surveillance of TRD installations including Switching Posts, Sub-Sectioning Posts, and Traction Sub Stations, with a 6-month execution timeline. The company highlights this as repeat business, reinforcing its position in the railway surveillance segment and adding to revenue visibility. The orders are domestic, and there is no related party interest involved.
This is a positive development for Magellanic Cloud as it strengthens the consolidated order book and provides near-term revenue visibility, though the ₹8.21 Crore size is modest for a listed entity. Repeat orders from Indian Railways signal customer confidence and may support the stock sentiment in the short term.