MCLOUDNSEMAGELLANIC CLOUD LIMITEDHighPositive
Announced Mon, 13 Jul · 09:11 IST

Subsidiary bags Rs 6.93 cr railway CCTV surveillance order from South Central Railway

Govt Defence OrderBusiness Updates View source PDF

MCLOUD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹29.47
prior close
₹29.11
base price
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AI summary

Magellanic Cloud's wholly owned subsidiary Provigil Surveillance received a Letter of Acceptance worth Rs 6.93 crore from South Central Railway, Vijayawada Division. The 12-month project covers installing IP-based CCTV surveillance systems and telecom infrastructure at 15 railway stations including Vijayawada, Rajahmundry, Nellore, Kakinada and Gudur. This is a repeat order from the same division within days, boosting the company's railway surveillance order book. The contract is from a domestic government entity and is not a related party transaction.

Likely market impact

Repeat railway order strengthens order book in transportation security segment. Positive for revenue visibility over next 12 months.