Stock Below Rs 30: This Small-Cap Technology Stock Secures Rs 8.90 Crore Fresh DFCCIL Contract for Five-Year CCTV Surveillance Project; Share Price Rises 7%

Magellanic Cloud wholly owned subsidiary Provigil Surveillance Limited has received a Letter of Acceptance (LOA) worth Rs 8.90 crore from Dedicated Freight Corridor Corporation of India Limited (DFCCIL), Ahmedabad. The contract covers the supply, installation, testing, commissioning and operations and maintenance of an IP-based CCTV surveillance system across the New Palanpur-New Gothangam section of the Western Dedicated Freight Corridor.

Magellanic Cloud Rs 8.90 Crore DFCCIL Order

Under the contract, Provigil Surveillance will execute the Supply, Installation, Testing, Commissioning and Operations & Maintenance (SITC and O&M) of an IP-based CCTV surveillance system on an OPEX model for a period of five years. The project covers DFCCIL locations between New Palanpur and New Gothangam under the CGM/ADI Unit of the Western Dedicated Freight Corridor.

The scope of the project includes remote video monitoring, asset protection, perimeter security, Command and Control Centre infrastructure and associated surveillance systems. The company said the contract was awarded in the ordinary course of business and is aligned with Provigil's focus on integrated surveillance, security and technology solutions.

Second DFCCIL Order Within a Week

The latest contract comes within a week of Provigil Surveillance securing another order from DFCCIL on August 13, 2026. According to the company, the consecutive engagements strengthen its relationship with a key public-sector infrastructure customer and further expand its presence across critical transportation infrastructure.

The five-year OPEX-based engagement also provides longer-term project visibility, while the company said the deployment will incorporate AI-enabled video analytics, centralised monitoring, video management and storage, and command-and-control capabilities for critical Railway infrastructure.
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Share Price Performance

On Tuesday, Indian equity benchmark indices traded lower, with the Nifty 50 index declining 0.30 per cent to 24,213.75. Amid the market movement, Magellanic Cloud shares were trading at Rs 28.75, up 7.40 per cent.

The stock's positive movement came as the company announced the fresh DFCCIL contract, adding another public-sector infrastructure order to its business pipeline.

About Magellanic Cloud

Magellanic Cloud Limited is a Hyderabad-headquartered technology company specialising in digital transformation, Generative Artificial Intelligence, cloud computing, e-surveillance and drone technologies. The company provides solutions across smart infrastructure, Defence, fintech and enterprise IT and serves more than 100 clients across the USA, Europe and Asia.

The company operates through subsidiaries including Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, MCRAYXTEND India and JNIT Technologies, providing capabilities across IT services and AI-driven surveillance systems. Its solutions are deployed across critical infrastructure such as railways, highways, BFSI, PSUs and urban security systems.

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