Magellanic Cloud Subsidiary Secures ₹2.25 Crore IRCTC Contract
Filing Summary
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from the Indian Railway Catering and Tourism Corporation Ltd (IRCTC). The contract, valued at ₹2.25 crores, involves the development, deployment, and testing of a continuous live streaming portal with AI Analytics Services for CCTV cameras at IRCTC-authorized kitchen units. The project is scheduled for completion within one year. This contract does not involve any related party transactions, and no interest from the promoter group is reported.
Magellanic Cloud Limited has informed that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from the Indian Railway Catering and Tourism Corporation Ltd (IRCTC). The contract is valued at ₹2.25 crores and involves the development, deployment, and testing of a continuous live streaming portal and clip gathering with AI Analytics Services for CCTV cameras at IRCTC-authorized kitchen units.
The project is designed to provide a real-time, AI-enabled CCTV live-streaming and analytics solution. This solution will monitor IRCTC-authorized kitchen units through a centralized portal. The contract specifies a completion timeline of one year from the date of acceptance.
Magellanic Cloud Limited has clarified that none of the promoter or promoter group companies have any interest in the entity that awarded the contract. Additionally, the order does not fall within the purview of related party transactions.
The Indian Railway Catering and Tourism Corporation Ltd (IRCTC) is a public sector enterprise under the Ministry of Railways. It is responsible for catering, tourism, and online ticketing operations of the Indian Railways. The contract with Provigil Surveillance Limited aligns with IRCTC’s focus on enhancing operational efficiency and transparency in its catering operations.
Magellanic Cloud Limited, formerly known as South India Projects Limited, focuses on providing IT services and solutions. The company is committed to leveraging technology to enhance operational oversight and quality assurance across various sectors. This contract with IRCTC reflects its strategic emphasis on expanding its capabilities in next-generation surveillance systems.