Provigil Surveillance Ltd receives LOA worth Rs. 9.72 crore

Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance (LOA) from East Coast Railway, Sambalpur Division, for an aggregate contract value of ₹9.72 Crore (approximately).

The project involves the deployment of CCTV surveillance systems at 91 manned noninterlocked Level Crossing (LC) Gates under the Sambalpur Division of East Coast Railway to enhance monitoring, safety and security across railway assets.

This order marks another significant milestone in the Company's railway infrastructure journey and reinforces its growing stature as a trusted surveillance technology partner for India's public sector.

With cumulative railway orders now exceeding ₹250 Crore, Magellanic Cloud continues to build a strong execution track record across critical railway assets, supporting the broader modernization and safety enhancement initiatives of Indian Railways.

The Company remains focused on deepening its engagement with PSUs and government agencies, where increasing investments in digital infrastructure, surveillance and asset protection continue to create long-term growth opportunities.

Source : Equity Bulls

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