Provigil Secures ₹7.64 Crore South Central Railway LOA; MCloud Shares Gain 

Mumbai, May 29: MCloud Technologies wholly owned subsidiary, Provigil Surveillance has received a Letter of Acceptance (LOA) from South Central Railway’s Nanded Division for a surveillance infrastructure project valued at approximately ₹7.64 crore. 

According to an exchange filing on Friday, the contract covers the supply, installation, testing, commissioning and maintenance of IP-based CCTV surveillance systems across stabling lines, washing yards and pit lines under the Nanded Division. 

The scope of work also includes networking infrastructure and a five-year Comprehensive Annual Maintenance Contract (CAMC), providing recurring service support beyond the initial deployment phase. 

The project is scheduled to be executed within 12 months and has been awarded by a domestic entity. The company said the order further strengthens its presence in railway and public-sector surveillance projects. 

The latest win adds to MCloud’s growing e-surveillance business and supports its position in critical infrastructure monitoring solutions, a segment that has seen increased adoption across transportation and public-sector networks. 

Stock Market Snapshot

Shares of Magellanic Cloud Ltd., the parent company of Provigil Surveillance, traded higher in morning trade after the company announced the railway surveillance order. 

As of 10:16 IST on May 29, 2026, the stock was trading at ₹27.08, up ₹0.23 or 0.86% from the previous close of ₹26.85. The stock opened at ₹26.90 and touched an intraday high of ₹27.15 during the session. 

The Magellanic Cloud share price gained as investors reacted to the fresh order inflow, which adds approximately ₹7.64 crore to the group’s order book. The contract also includes a five-year Comprehensive Annual Maintenance Contract (CAMC), providing recurring revenue visibility alongside the initial project execution. 

Market participants are likely to watch whether the company can secure additional railway and public-sector surveillance contracts as it continues to expand its presence in critical infrastructure monitoring and security solutions. 

Company Background 

MCloud Technologies operates in surveillance, security and technology-enabled monitoring solutions through its subsidiaries, serving government agencies, public-sector undertakings and enterprise customers. 

Provigil Surveillance focuses on integrated video surveillance systems, command-and-control infrastructure and security solutions for critical assets and public infrastructure projects. 

The company has been expanding its presence in railway, smart city and institutional surveillance deployments, where long-term maintenance contracts can complement project-based revenues. 

Conclusion 

The ₹7.64 crore LOA from South Central Railway adds another public-sector project to Provigil Surveillance’s order book and strengthens MCloud’s position in the railway surveillance segment. 

While the contract size is relatively modest, it highlights continued demand for integrated monitoring and security infrastructure across India’s railway network and provides incremental order book support for the company. 

 Source: 

• https://www.nseindia.com/get-quote/equity/MCLOUD/Magellanic-Cloud-Limited 
• https://nsearchives.nseindia.com/corporate/MCLOUD_29052026093433_SEUpload.pdf