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Western Railways’ Ratlam Division Awards Contract to Magellanic Cloud Worth Rs 3.49 Crore
Hyderabad (Telangana) [India], September 7: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), today announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, valued at ₹3.49 Crore for the supply, installation, testing and commissioning of telecom material in connection with the provision of CCTV systems across 38 stations in the [...]
Hyderabad (Telangana) [India], September 7:Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), today announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, valued at ₹3.49 Crore for the supply, installation, testing and commissioning of telecom material in connection with the provision of CCTV systems across 38 stations in the Ratlam Division.
Strategic Impact & Key Highlights
- ₹3.49 Crore New Order: Provigil Surveillance has secured a ₹3.49 Crore LOA from Western Railway’s Ratlam Division for the deployment of an IP-based E-surveillance system across 38 railway stations.
- Strengthening Railway Surveillance Presence: The order further strengthens Magellanic Cloud’s presence in the Indian Railways surveillance and security ecosystem, with capabilities spanning CCTV, networking and integrated surveillance infrastructure.
- Demonstrating Execution Capabilities: Receiving the order from the Ratlam Division reflects the Company’s ability to execute technology-driven surveillance projects across complex and distributed railway infrastructure, while strengthening its potential to pursue further opportunities across the sector.
Strengthening an Established Railway Presence
Magellanic Cloud has been steadily strengthening its presence in the Indian Railways ecosystem through its surveillance and technology solutions. The Company’s recent order wins across different Railway divisions and railway infrastructure projects demonstrate its ability to execute large-scale, technology-driven surveillance projects, while the latest Western Railway order further strengthens its position in the railway surveillance and security segment. The continued flow of orders from Indian Railways reinforces the Company’s execution capabilities and supports its strategy of further strengthening its presence in the Railway and critical infrastructure sector.
