Subsidiary bags Rs 6.93 cr railway CCTV surveillance order from South Central Railway
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Repeat railway order strengthens order book in transportation security segment. Positive for revenue visibility over next 12 months.