Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has secured a significant ₹25+ Crore Purchase Order from Punjab & Sind Bank.
The aforesaid order involves deployment of advanced AI-enabled surveillance solutions across approximately 930 ATM/CRM sites, enabling enhanced real-time monitoring, threat detection and operational efficiency for the banking network.
This order reinforces the Company's growth trajectory and enhances its order book visibility, positioning it strongly for continued expansion in the surveillance and smart infrastructure domain and marks a key milestone in strengthening the Group's presence in the fast-growing surveillance and security solutions segment, particularly within the banking and financial services sector.