Provigil Surveillance Ltd receives LOA worth Rs. 3.13 crore

Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance (LOA) from East Central Railway, Dhanbad Division, for an aggregate contract value of INR 3.13 Crore Approx.

The project pertains to modernization of the Passenger Reservation System (PRS) network, upgradation of telecom connectivity through GPON technology, and associated Signaling & Telecommunication (S&T) works over Dhanbad Division. The scope of work includes deployment of telecom networking infrastructure, GPON-based fiber connectivity solutions, CCTV surveillance systems, and related S&T infrastructure.

Commenting on the development, Joseph Sudheer Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, said: "This order from East Central Railway further strengthens our position in India's rapidly evolving railway technology ecosystem. Coming shortly after crossing ₹250 crore in cumulative railway orders, it reflects our commitment to supporting the modernization of Indian Railways through advanced telecom, connectivity, and surveillance solutions. We remain focused on delivering technology-driven infrastructure that enhances operational efficiency, safety, and reliability across the rail network."

This order further strengthens the Company's position in the railway telecom, networking and surveillance infrastructure segment.

Source : Equity Bulls

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