Provigil Surveillance Limited, the wholly owned subsidiary of Hyderabad-based Magellanic Cloud Limited, has received a Letter of Acceptance from South Central Railway’s Vijayawada Division for a contract worth ₹6,92,87,410.55, the company announced today.
The contract covers the supply, installation, testing and commissioning of IP-based CCTV surveillance systems at 15 railway stations across the Vijayawada Division, including major junctions at Vijayawada, Rajahmundry, Nellore, Kakinada and Gudur. The scope also includes NVRs, optical fibre cable, networking infrastructure, cabling, earthing and surge protection systems. The contract is to be executed within 12 months.
The order is notable for arriving within days of another surveillance contract from the same railway division, suggesting a consolidating relationship between Provigil Surveillance and the Vijayawada Division. Neither order constitutes a related party transaction, and no promoter group entity holds any interest in South Central Railway.
Managing Director and Global CEO Joseph Sudheer Thumma said the repeat order reflected confidence built through consistent execution and positions the company’s AI-enabled Video Management System capabilities for broader railway adoption as Indian Railways modernises its security infrastructure.
Magellanic Cloud shares were trading at ₹29.33 on the NSE at 11:35 IST on July 13, down marginally by 0.07 per cent from the previous close of ₹29.35, with sell-side pressure dominant — approximately 80 per cent of total order quantity on the sell side. The stock has shed over 62 per cent in the past year from its 52-week high of ₹105.42 touched in July 2025, though it has gained 32 per cent over the past month. Total market capitalisation stands at approximately ₹1,728 crore.