Stock Below Rs 30: This Small-Cap IT Stock Secures Rs 12,12,64,565 Western Railway Order for Simhastha 2028 Project

On Thursday, Indian equity benchmark indices traded marginally lower, with the benchmark Nifty 50 index declining 4.05 points, or 0.02 per cent, to 24,620.60. Amid the market movement, Magellanic Cloud share price traded at 0.10 per cent to Rs 28.82 after the company announced that its wholly owned subsidiary had secured a Letter of Acceptance (LoA) worth Rs 12.13 crore from Western Railway, Ratlam Division.

Magellanic Cloud Wholly Owned Subsidiary Bags Railway Order

Magellanic Cloud Limited informed the stock exchanges that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LoA) valued at Rs 12,12,64,565 from Western Railway, Ratlam Division. The project is part of the Simhastha 2028 infrastructure modernisation programme, one of India's largest religious gathering preparations, aimed at upgrading railway infrastructure and passenger amenities across the region.

Magellanic Cloud Scope of the Project

Under the contract, Provigil Surveillance will undertake the Supply, Installation, Testing and Commissioning (SITC) of advanced telecom infrastructure and CCTV surveillance systems across stations in the Ratlam Division. The project includes the deployment of enterprise-grade CCTV systems, IP-based communication infrastructure, networking equipment, passenger information systems, routers, storage solutions and associated telecom technologies designed to improve passenger safety, operational efficiency and digital railway infrastructure.

The company said the project is scheduled to be completed within nine months and is expected to play a key role in strengthening crowd management, passenger security and operational coordination during Simhastha 2028.
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Strengthens Railway Infrastructure Portfolio

According to the company, the order further strengthens its presence in India's railway modernisation initiatives and expands its execution track record in delivering technology-led infrastructure projects for government organisations and public sector entities.

The company also stated that the project demonstrates Provigil Surveillance's capability to execute end-to-end telecom and AI-enabled surveillance deployments, covering networking, communication systems and enterprise-grade security infrastructure for critical public infrastructure projects.

Management Commentary

Commenting on the development, Joseph Sudheer Thumma, Global CEO and Managing Director of Magellanic Cloud Limited, said the Western Railway order marks another important milestone in the company's contribution towards strengthening India's critical public infrastructure through intelligent technology solutions. He added that, beyond its commercial value, the project reinforces the company's growing credibility in executing complex, large-scale government infrastructure projects while supporting India's digital transformation journey.

About Magellanic Cloud

Magellanic Cloud Ltd is a Hyderabad-based global technology company specialising in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance and drone technologies. Through subsidiaries including Provigil Surveillance Limited, the company delivers technology solutions for railways, highways, defence, BFSI, public sector undertakings and smart infrastructure projects across India and international markets. It serves more than 100 clients across the USA, Europe and Asia and is supported by a team of over 1,600 professionals.

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Disclaimer: The article is for informational purposes only and not investment advice.