Magellanic Cloud Subsidiary Secures ₹12 Crore Drone Transport Order
Filing Summary
Magellanic Cloud Limited’s subsidiary, Scandron Private Limited, has received a work order from M/s. Resonia Limited, a Vedanta group company. The contract involves using drones for cargo transportation, with a total value not exceeding ₹12 Crores. Phase-I, valued at approximately ₹3 Crores, covers 500 MT, while Phase-II, contingent on Phase-I’s success, involves 1,500 MT valued at approximately ₹9 Crores. The project is scheduled for completion within 24 months. This order does not involve any related party transactions. The work order highlights Scandron’s capabilities in drone-based logistics.
Magellanic Cloud Limited has announced that its subsidiary, Scandron Private Limited, has secured a work order from M/s. Resonia Limited, a company within the Vedanta group. The contract involves the deployment of drones for cargo transportation, aimed at enhancing operational efficiency in the sector. The total contract value is approximately ₹12 Crores, with the project divided into two phases.
The financial terms of the contract specify that Phase-I involves the transportation of 500 MT, valued at approximately ₹3 Crores. Upon successful completion of this phase, Phase-II will be considered, which involves an additional 1,500 MT with an approximate value of ₹9 Crores. The total consideration for both phases does not exceed ₹12 Crores. The contract does not involve any related party transactions, and no interest from the promoter group is reported in the awarding entity.
The scope of the work order includes the use of drones for cargo transportation, which is part of ongoing initiatives to improve efficiency and operational capabilities. The project highlights Scandron’s expertise in providing specialized drone-based logistics solutions. The use of drones is intended to streamline the supply chain processes and enhance the delivery capabilities in the relevant sector.
The work order is a domestic contract awarded by M/s. Resonia Limited, a Vedanta group company. The project is scheduled to be executed within a 24-month timeframe. The successful execution of Phase-I is a prerequisite for the commencement of Phase-II. This structured approach ensures that the initial phase meets the required standards before proceeding to the larger scale of operations.
M/s. Resonia Limited is part of the Vedanta group, which is known for its diversified operations in natural resources. The company focuses on integrating advanced technologies to enhance its operational efficiencies. The collaboration with Scandron Private Limited aligns with its strategic initiatives to incorporate innovative solutions in logistics and supply chain management.
Magellanic Cloud Limited specializes in providing IT solutions and services. The company focuses on leveraging technology to deliver innovative solutions across various sectors. Its subsidiary, Scandron Private Limited, is recognized for its capabilities in drone technology and logistics, contributing to the company’s strategic objectives in expanding its technological offerings.