Magellanic Cloud Subsidiary Secures ₹6.17 Crore Railway Surveillance Contract
Filing Summary
Magellanic Cloud Ltd’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from South East Central Railway for a contract valued at ₹6.17 crore. The project involves the provision of a Video Surveillance System for 66 manned non-interlocked level crossing gates across Nagpur, Raipur, and Bilaspur divisions. The contract is set to be executed within 12 months. This order increases the company’s cumulative railway surveillance deployment value to approximately ₹12.17 crore, with a total order book from the Railways at approximately ₹183 crore.
Magellanic Cloud Ltd has announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance from the South East Central Railway. The contract involves the provision of a Video Surveillance System (VSS) for monitoring 66 manned non-interlocked level crossing gates. These gates are located across the Nagpur, Raipur, and Bilaspur divisions. The total value of the contract is ₹6,16,55,609.
The financial terms of the contract specify a total accepted value of approximately ₹6.17 crore. This contract contributes to the company’s cumulative railway level crossing surveillance deployment value, which now stands at approximately ₹12.17 crore. Additionally, the total order book from the Railways is approximately ₹183 crore, providing the company with substantial revenue visibility in the upcoming quarters.
The scope of the contract includes the supply, installation, testing, commissioning, and comprehensive annual maintenance contract (CAMC) of the Video Surveillance System. The system is designed to monitor 66 manned non-interlocked level crossing gates, enhancing safety through real-time monitoring and centralized visibility. The project also involves AI-based analytics and secure data management, adhering to RDSO specifications.
The contract is a domestic order awarded by the South East Central Railway, Nagpur Division. The project is scheduled to be completed within 12 months from the date of the Letter of Acceptance. None of the promoter or promoter group companies have any interest in the entity that awarded the contract, and it does not fall under related party transactions.
The South East Central Railway is a division of Indian Railways responsible for managing rail operations in the central and eastern regions of India. It focuses on enhancing operational efficiency and safety through technological advancements and infrastructure development.
Magellanic Cloud Ltd is focused on providing IT and surveillance solutions. The company prioritizes expanding its capabilities in AI-driven video analytics and smart surveillance solutions. It continues to strengthen its position in executing large-scale, mission-critical projects for Indian Railways and other sectors.