Magellanic Cloud Subsidiary Secures ₹3.74 Crore Railway Surveillance Contract
Filing Summary
Magellanic Cloud Limited’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Western Railway, Jaipur Division, for a CCTV surveillance system project valued at ₹3.74 crore. The project involves deploying advanced surveillance infrastructure, including Face Recognition System and Video Analytics, across various sites. This contract adds to the company’s existing surveillance-related orders totaling approximately ₹165 crore. The project is scheduled for completion within 12 months and does not involve any related party transactions.
Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from Western Railway, Jaipur Division. The contract involves the provision of a CCTV surveillance system at various sites across the division. The total value of this contract is ₹3.74 crore.
The financial terms of the contract specify a consideration of ₹3.74 crore. This project is part of a series of surveillance-related orders previously secured by the company, which aggregate to approximately ₹165 crore. These include orders worth around ₹133 crore from the Indian Railways and ₹32 crore from the National Highways Authority of India. The company has been involved in deploying AI-based video surveillance systems across railway networks and national highways.
The scope of work under this contract includes the deployment of an advanced surveillance infrastructure equipped with a Face Recognition System (FRS) and Video Analytics. These systems are designed to enhance security and enable automated monitoring of railway premises. The project aims to provide high-definition monitoring and real-time visibility, promoting a robust AI-enabled surveillance infrastructure.
The contract is scheduled to be executed within a 12-month period. The project 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. This ensures compliance with regulatory requirements and maintains transparency in the execution of the project.
Western Railway is a division of Indian Railways, responsible for managing railway operations in the western region of India. The division focuses on enhancing operational efficiency and safety through the implementation of advanced technologies and infrastructure improvements.
Magellanic Cloud Limited is focused on providing IT solutions and services, with a strategic emphasis on surveillance and security systems. The company aims to expand its footprint in the surveillance sector by leveraging advanced technologies such as AI and video analytics to deliver comprehensive security solutions.