Announced Thu, 6 Aug · 09:32 IST
Subsidiary wins 12.13 crore rupee Western Railway surveillance order
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹28.56
prior close
₹28.88
base price
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AI summary
Provigil Surveillance, wholly owned subsidiary of Magellanic Cloud, received a Letter of Acceptance worth 12.13 crore rupees from Western Railway Ratlam Division. The nine month project covers supply, installation, testing and commissioning of telecom and CCTV surveillance systems at stations, tied to the Simhastha 2028 pilgrimage preparation. Scope includes IP based communication, networking, passenger information systems, routers and storage solutions.
Likely market impact
Positive: new government railway order strengthens subsidiary portfolio and shows execution capability in critical infrastructure projects.