Image Source: BW Business World
Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Ltd, has received a Letter of Acceptance from South East Central Railway for deploying Video Surveillance Systems across 66 level crossing gates. The contract, valued at INR 61.7 million, boosts the company’s railway order book to INR 183 crore.
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Magellanic Cloud Limited announced that its subsidiary, Provigil Surveillance Limited, has been awarded a significant contract by South East Central Railway, Nagpur Division. The project involves the provision of advanced Video Surveillance Systems (VSS) to enhance safety and operational efficiency at 66 manned non-interlocked level crossing gates spread across Nagpur, Raipur, and Bilaspur divisions.
Key Highlights
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The accepted contract value stands at INR 6.16 crore, strengthening the company’s cumulative railway surveillance deployment to approximately INR 12.17 crore.
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The scope of work includes supply, installation, testing, commissioning, and comprehensive annual maintenance as per RDSO specifications.
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The execution timeline for the project is set at 12 months from the date of acceptance.
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This order contributes to Magellanic Cloud’s total railway order book of INR 183 crore, ensuring strong revenue visibility in upcoming quarters.
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The initiative will leverage AI-driven video analytics, centralized monitoring, and secure data management to improve safety standards at level crossings.
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The company emphasized that the contract does not fall under related party transactions, and promoters have no interest in the awarding entity.
Source: Bombay Stock Exchange filing, National Stock Exchange filing, Magellanic Cloud Ltd corporate disclosure.
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