Announced Thu, 30 Jul · 12:24 IST
Subsidiary Provigil wins Rs 127.62 mn E-surveillance order from GAIL
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹29.60
prior close
₹28.97
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AI summary
Magellanic Cloud's wholly owned subsidiary Provigil Surveillance secured a Rs 127.62 million purchase order from GAIL India via the GeM platform. Scope covers supply, installation, testing, commissioning and maintenance of an integrated E-surveillance system across GAIL's NCR operations network. The order marks the company's entry into the oil and gas sector, opening a new growth vertical and reinforcing its position as a technology partner for public sector enterprises.
Likely market impact
New revenue stream in oil and gas; strengthens public sector order book; positive sentiment around AI-surveillance capabilities.