Announced Mon, 6 Jul · 09:43 IST
Magellanic Cloud subsidiary wins Rs 6.25 cr railway surveillance order
Business Updates View source PDF
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹31.70
prior close
₹31.44
base price
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AI summary
Magellanic Cloud's wholly owned subsidiary Provigil Surveillance has received a Letter of Acceptance from South Central Railway, Vijayawada Division, for a contract worth Rs 6.25 crore. The work involves installing IP-based CCTV and video surveillance systems at KVR, GVN, and Rajahmundry stations ahead of the Godavari Pushkaram-2027 event, plus VSS upgrades across the division. Execution period is 9 months. The order is domestic with no related party interest.
Likely market impact
Positive - new government railway order strengthens the surveillance business, though the contract size of Rs 6.25 crore is modest in scale.