Hyderabad, August 19: Magellanic Cloud Limited, a leading digital technology and e-survellance solutions provider, has announced a major boost to its order books with the company and its subsidiaries bagging orders exceeding ₹111.04 crore.
These include surveillance solutions projects across the railway divisions, follow up orders and fresh orders from leading PSUs like GAIL India and Manappuram Finance. These contracts pertain to setting up advanced video surveillance, AI-led monitoring and critical infrastructure deployment for securing infrastructure and industrial premises.
Key Contract Segments
Most of the wins have come from its specialised execution arms IVIS International Private Limited and Provigil Surveillance Limited, in the following sectors.
- Railway & Freight Infrastructure: Provigil has secured critical surveillance mandates, including high-value IP-based CCTV projects across the Western Dedicated Freight Corridor (DFFCIL) and various Railway zones, including South Central Railway’s Nanded Division, taking Magellanic Cloud’s cumulative railway sector order book past the ₹250 crore milestone.
- Banking & Financial Sector (BFSI): Subsidiary IVIS bagged large-scale multi-year e-surveillance purchase orders, notably covering automated teller machine (ATM) security networks for major public sector banks like Punjab National Bank (PNB) spanning over 1,000 sites.
- PSU & Enterprise Accounts: Additional orders from GAIL India and an unnamed MNC have added revenue visibility exceeding ₹11.62 crore.
Management Speak
For Magellanic Cloud, these multi-year contracts in the operations and maintenance (O&M) framework are aimed at scaling its high-margin tech-enabled security footprint across India’s critical national infrastructure.
“The consistent flow of orders reflects the growing acceptance of our technology-led solutions and the strength of our execution capabilities. Our focus remains on building a diversified and scalable business platform, expanding our customer base and converting the growing opportunity pipeline into sustainable revenue growth. The continued addition of marquee institutional and corporate customers provides increasing visibility for our next phase of growth.” Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, said in a press release.
