Announced Tue, 1 Sept · 09:11 IST
Magellanic Cloud subsidiary wins third DFCCIL order worth Rs 3.29 cr
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹26.70
prior close
₹26.82
base price
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AI summary
Provigil Surveillance, wholly owned subsidiary of Magellanic Cloud, secured a third order worth Rs 3.29 crore from government PSU DFCCIL for AI-led e-surveillance in Ajmer Division. Combined with two earlier orders of about Rs 3.73 cr and Rs 8.90 cr, total recent wins exceed Rs 15.9 crore. The five year OPEX project covers the Western Dedicated Freight Corridor with intrusion monitoring and centralised dashboards.
Likely market impact
Third repeat order from government client DFCCIL signals strong client confidence and adds recurring revenue visibility via five year OPEX model.