MCLOUDBSEMAGELLANIC CLOUD LIMITEDHighPositive
Announced Thu, 30 Jul · 09:15 IST

Magellanic Cloud subsidiary wins 127.62 million rupee order from GAIL India for e-surveillance

Govt Defence OrderBusiness Updates View source PDFExplain this filing

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Price reaction · full curve 14 horizons · vs prior close
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₹29.60
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₹29.49
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AI summary

Magellanic Cloud's wholly owned subsidiary Provigil Surveillance has secured a purchase order worth 127.62 million rupees from GAIL (India) Limited, a major public sector oil and gas company. The order, placed via the Government e-Marketplace, involves deploying an integrated e-surveillance system across GAIL's NCR operations network, including supply, installation, testing, commissioning and maintenance. This marks the company's entry into the oil and gas sector and strengthens its presence in public sector and critical infrastructure segments.

Likely market impact

New entry into oil and gas sector via PSU order boosts credibility, supports revenue growth in public sector and critical infrastructure verticals.