Hyderabad (Telangana) [India], August 24: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), today announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division, for a contract valued at ₹7,91,60,064.53 (Rupees Seven Crore Ninety-One Lakh Sixty Thousand Sixty-Four and Fifty-Three Paise Only).
The LOA has been awarded for the Supply, Installation, Testing and Commissioning of Telecom Material in connection with the deployment of an integrated e-surveillance system across 40+ Manned Non-Interlocked Level Crossing Gates in the Ratlam Division.
The project entails the deployment of an integrated e-surveillance and telecom infrastructure across identified railway level crossing gates. The scope includes the supply, installation, testing and commissioning of cameras, networking and telecom equipment, Optical Fibre Cable (OFC) and associated cabling infrastructure, racks, power systems and solar-based power solutions.
Strategic Impact & Commercial Highlights
· Strong Order Momentum: Comes amid strong order momentum across Magellanic Cloud, with the Group having secured orders worth over ₹111 crore so far in the current financial year.
· Expanded Railway & Telecom Capabilities: Strengthens Provigil Surveillance Limited’s presence across the railway, surveillance, telecom, and critical infrastructure sectors, and reinforces its capabilities to execute large-scale, integrated surveillance and telecom deployments.
· Growing Critical Infrastructure Footprint: Adds to Magellanic Cloud’s growing footprint in technology-led solutions for critical infrastructure, further strengthening the Group’s position in the rapidly evolving railway and broader public infrastructure ecosystem.
· Advancing Railway’s Modernisation Journey: Reinforces Provigil’s role in Indian Railways’ ongoing infrastructure transformation, building the surveillance backbone for a safer, technology-led rail network.
| Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, said: “Indian Railways is undergoing one of the most significant infrastructure transformations in the country’s history, and Provigil is proud to be advancing that journey. This LOA from Western Railway, Ratlam Division is not an isolated win – it’s part of a growing pattern of trust the Railways has placed in us, order after order, division after division. We’re not just installing cameras and cabling; we’re helping build the e-surveillance backbone that a modern, safer railway network will run on. With Group order wins already crossing ₹111 crore this financial year, this is only the beginning of what Provigil will deliver for Indian Railways & Public Sector.” |
About Magellanic Cloud Limited
Magellanic Cloud Limited (BSE: 538891 | NSE: MCLOUD), headquartered in Hyderabad, India, is a global technology company specialising in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced solutions across industries, including smart infrastructure, defence, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia.
With a strong ecosystem of subsidiaries – Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, and JNIT Technologies – Magellanic Cloud offers integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely deployed in critical infrastructure projects, including railways, highways, BFSI, PSUs and urban security systems.
The company is backed by a team of over 1,600 professionals and has achieved CMMI Maturity Level 3 certification.
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