Magellanic Cloud Subsidiary Receives ₹ 1.55 Crore RailTel Order
Filing Summary
Magellanic Cloud Ltd’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Intent from RailTel Corporation of India Limited. The order, valued at ₹ 1.55 crore, involves the installation of a CCTV surveillance system at an engineering college campus. The project includes supply, installation, testing, and commissioning of surveillance infrastructure, with a completion timeline of one month from the issuance of a formal ERP Purchase Order. A Performance Bank Guarantee of ₹ 7.75 lakh is required. The order does not involve any related party transactions.
Magellanic Cloud Ltd has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Intent (LOI) from RailTel Corporation of India Limited. The LOI pertains to the installation of a CCTV surveillance system for a customer of RailTel, specifically within an engineering college campus. The project is under Tender/EOI No. RCIL/NR_CDG/EOI/MKTG/PEC/CCTV/2025-26, dated March 16, 2026.
The project is valued at ₹ 1,55,00,000, inclusive of taxes. A Performance Bank Guarantee (PBG) of ₹ 7,75,000, which is 5% of the contract value, is required. The financial terms include the supply, installation, testing, and commissioning of CCTV surveillance infrastructure. The project also includes a warranty support period of three years as per the project terms.
The scope of work involves the deployment of key surveillance components such as cameras, switches, network video recorders (NVR), displays, racks, uninterruptible power supplies (UPS), hard disks, and other related items. The project aims to ensure comprehensive surveillance coverage within the specified campus area.
The Letter of Intent specifies that the delivery and execution of the project are expected to be completed within one month from the commencement of work or the issuance of a formal ERP Purchase Order. The LOI indicates that the formal ERP Purchase Order will be issued in due course, aligning with the terms outlined in the tender.
The order from RailTel Corporation of India Limited does not involve any related party transactions. None of the promoter or promoter group companies of Magellanic Cloud Ltd have any interest in RailTel Corporation of India Limited. The order is a domestic contract, reinforcing Provigil Surveillance Limited’s position in the public sector surveillance and critical infrastructure security segment.
RailTel Corporation of India Limited is a government-owned telecommunications infrastructure provider. It focuses on providing broadband and VPN services, leveraging its extensive fiber network across India. RailTel is known for its strategic initiatives in enhancing digital connectivity and infrastructure development.
Magellanic Cloud Ltd, formerly known as South India Projects Limited, is engaged in providing technology-driven solutions. The company focuses on delivering advanced surveillance and monitoring systems through its subsidiary, Provigil Surveillance Limited. Magellanic Cloud Ltd continues to expand its presence in the security and surveillance sector, catering to both public and private sector clients.