Announced Sat, 20 Jun · 21:12 IST
Subsidiary wins INR 3.13 Cr railway order from East Central Railway
Business Updates View source PDF
MCLOUD · price
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Price reaction · full curve 14 horizons · vs prior close
-4.6%1-day move
₹29.40
prior close
₹29.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-2.0-2.0-3.0-4.6-5.1-8.0-2.0+4.0+8.0-2.0-6.6——
Up moveDown movePending
AI summary
Magellanic Cloud's wholly owned subsidiary Provigil Surveillance received a Letter of Acceptance from East Central Railway, Dhanbad Division, worth about INR 3.13 Crore. The 48-month contract covers modernization of the Passenger Reservation System, GPON-based telecom upgrade, CCTV installation, and signaling and telecom works. The company recently crossed 250 Crore in cumulative railway orders. The order is domestic and not a related party transaction.
Likely market impact
Small incremental order that reinforces the railway order book momentum; 48-month execution window means gradual revenue recognition rather than a sharp jump.