Announced Tue, 18 Aug · 09:19 IST
Magellanic Cloud's Subsidiary Wins Rs 8.9 Crore DFCCIL Surveillance Contract
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
+10.3%1-day move
₹26.83
prior close
₹27.44
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AI summary
Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance from Dedicated Freight Corridor Corporation of India (DFCCIL) worth about Rs 8.9 crore. The five-year contract covers supply, installation, testing, commissioning and operation and maintenance of AI-enabled IP-based CCTV surveillance systems across DFCCIL locations between New Palanpur and New Gothangam under the Western Dedicated Freight Corridor.
Likely market impact
Positive - adds a government-backed contract to the order book and reinforces the company's position in transport and infrastructure security.