Subsidiary gets Rs 29.13 Cr railway surveillance order for Kumbh Mela 2027

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+3.0% vs market

Computers - Software & Consulting peers, median of 67sector+1.4%+2.2% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 2.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Magellanic Cloud's wholly owned subsidiary Provigil Surveillance has received a Rs 29.13 Crore order from Northern Railway, Moradabad Division, to set up CCTV and integrated e-surveillance at railway stations in Haridwar for Kumbh Mela 2027. The scope covers IP cameras, video analytics, face recognition, and a centralised command centre. Project execution is 3 months, followed by a 5-year AMC. This strengthens the company's presence in technology-led public safety infrastructure.

Likely market impact

New government railway order strengthens order book and revenue visibility in e-surveillance segment, positive for growth narrative.