Magellanic Cloud Subsidiary Secures ₹2.45 Crore CCTV Contract
Filing Summary
Magellanic Cloud Limited’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Western Railway, Rajkot Division. The contract involves the provision of a CCTV surveillance system across various sites within the division, valued at ₹2.45 Crores. The project is set to be completed within six months. This contract does not involve any related party transactions. The award highlights Provigil’s capability in deploying security systems for public sector entities like Indian Railways.
Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Western Railway, Rajkot Division. The contract involves the provision of a CCTV surveillance system at various sites across the division. The total value of this contract is ₹2.45 Crores. This project is part of the Indian Railways’ modernization and surveillance initiatives.
The financial terms of the contract specify a total consideration of ₹2.45 Crores. The contract does not involve any related party transactions, and none of the promoter or promoter group companies have any interest in the entity that awarded the contract. The financial arrangement is straightforward, with the entire contract value dedicated to the implementation of the CCTV surveillance system.
The scope of work under this contract includes the installation and deployment of a comprehensive CCTV surveillance system across various sites within the Rajkot Division. The project aims to enhance security measures, ensure the safety of assets and personnel, and improve operational monitoring. The deployment will involve advanced surveillance technologies to support the Indian Railways’ efforts in modernizing its infrastructure.
The timeline for the execution of this contract is set at six months from the date of the Letter of Acceptance. Provigil Surveillance Limited will be responsible for the complete implementation of the surveillance system within this period. The project is a domestic contract awarded by a domestic entity, Western Railway, Rajkot Division.
Western Railway, a division of Indian Railways, focuses on the operation and management of railway services in the western region of India. The division is involved in various modernization projects to enhance the efficiency and safety of railway operations.
Magellanic Cloud Limited, formerly known as South India Projects Limited, specializes in providing IT and surveillance solutions. The company focuses on expanding its capabilities in deploying advanced monitoring systems for public sector entities. Magellanic Cloud aims to strengthen its position in the market by securing contracts that align with its strategic priorities in the technology and surveillance sectors.