Announced Wed, 12 Aug · 09:29 IST
Subsidiary IVIS wins Rs 18.4 cr E-Surveillance orders for PNB ATMs
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
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₹28.97
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₹28.86
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AI summary
Magellanic Cloud's wholly owned subsidiary IVIS International has secured purchase orders worth about Rs 18.4 crore from NCR Corporation India for E-Surveillance Solutions across Punjab National Bank ATM sites. The orders span 5 years and include Capex and Opex components. Management said this strengthens IVIS's presence in the Banking and Financial Services E-Surveillance space and demonstrates ability to execute large-scale, mission-critical deployments.
Likely market impact
Adds multi-year recurring revenue from the BFSI segment, boosting subsidiary order book and visibility.