Provigil Surveillance Ltd receives LOA for order worth Rs. 6.16 crore

Provigil Surveillance Limited, the wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance from South East Central Railway, Nagpur Division, for the Provision of Video Surveillance System (VSS) to monitor 66 Manned NonInterlocked Level Crossing Gates (61 in Nagpur Division, 4 in Raipur Division and 1 in Bilaspur Division).

The total accepted contract value is ₹6,16,55,609.34 (Rupees Six Crore Sixteen Lakh Fifty-Five Thousand Six Hundred Nine and Thirty-Four Paise only).

With this order, the Company's cumulative railway Level Crossing surveillance deployment value has increased to approximately INR 12.17 crore across multiple LC Gates, while the total order book from the Railways stands at approximately INR 183 crore, providing healthy revenue visibility in the upcoming quarters.

This project is aimed at enhancing safety at Level Crossing Gates through real-time monitoring, centralized visibility, AI-based analytics and secure data management, thereby improving operational safety and surveillance efficiency across the Division.

The receipt of this Letter of Acceptance further strengthens Provigil Surveillance Limited's established credentials in executing large-scale, mission-critical surveillance projects for Indian Railways and reinforces the Group's leadership in AI-driven video analytics and smart surveillance solutions.

Source : Equity Bulls

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MagellanicCloud ProvigilSurveillance LOA OrderWin