MCLOUD's Subsidiary Bags ₹2.27 Cr Railway Surveillance Deal 🚂

Hey finance fam! 👋 Big news is buzzing from Magellanic Cloud Limited (MCLOUD), a company that’s been making waves in the tech and surveillance space. Their stock last traded at ₹87.19, showing a slight dip of 0.9% before market close.

But let’s dive into the exciting part: MCLOUD’s wholly-owned subsidiary, Provigil Surveillance Limited, has just bagged a significant contract! 🎉 They’ve received a Letter of Acceptance (LoA) from none other than South Central Railway.

What’s the deal? This contract is all about enhancing security and efficiency. Provigil Surveillance will be responsible for the replacement of video surveillance systems at various locations across the Secunderabad Railway stations. Think better eyes on the ground, ensuring smoother operations and enhanced safety for commuters.

And the value? This isn’t a small gig! The contract is valued at a substantial ₹2,27,34,152.55 – that’s Rupees Two Crore Twenty-Seven Lakh Thirty-Four Thousand One Hundred and Fifty-Two and Fifty-Five Paise! 💰 This is a solid win that highlights Provigil’s expertise in the surveillance sector and MCLOUD’s strategic growth.

It’s always great to see companies securing new projects, especially with key government entities like the Indian Railways. This kind of development can be a positive indicator of a company’s operational strength and market presence. Keep an eye on MCLOUD as they continue to expand their footprint! 👀

source: Corporate Announcement

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