Subsidiary Provigil gets Rs 2.25 Cr IRCTC AI surveillance contract

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

Wholly owned subsidiary Provigil Surveillance received a Letter of Acceptance from IRCTC worth Rs. 2.25 Crores. The one-year contract involves developing, deploying and testing an AI-enabled CCTV live streaming and analytics portal for monitoring IRCTC authorized kitchen units. The project aims to improve hygiene compliance, governance and transparency in catering operations. The order is domestic, not a related party transaction, and no promoter group entities have interest in IRCTC.

Likely market impact

Positive order win from a government PSU adds revenue visibility for the subsidiary and validates its AI surveillance capabilities, though deal size is modest.