Magellanic Cloud rises as its arm wins LOA worth Rs 3.73 crore
Magellanic Cloud is currently trading at Rs. 29.14, up by 0.06 points or 0.21% from its previous closing of Rs. 29.08 on the BSE.
The scrip opened at Rs. 29.49 and has touched a high and low of Rs. 29.49 and Rs. 29.00 respectively. So far 38903 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 90.47 on 21-Aug-2025 and a 52 week low of Rs. 19.43 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 30.11 and Rs. 28.56 respectively. The current market cap of the company is Rs. 1,717.13 crore.
The promoters holding in the company stood at 54.04%, while Institutions and Non-Institutions held 0.23% and 45.72% respectively.
Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has secured Letter of Acceptance (LOA) valued at Rs 3.73 crore from Dedicated Freight Corridor Corporation of India (DFCCIL), Noida. The contract covers the supply, installation, testing and commissioning (SITC) and operations & maintenance (O&M) of an E-Surveillance System across the Kishangarh Balawas (Excl.) – New Rewari – New Phulera – New Kishangarh – Madar (Excl.) section of the Western Dedicated Freight Corridor (WDFC), under the CGM/JP Unit.
The project will be executed over a period of five years on an OPEX model and is designed to establish an integrated e-surveillance framework for enhanced protection of critical railway infrastructure. The scope covers E-surveillance-based theft prevention, remote monitoring, asset and facility protection, operational surveillance, perimeter security and dock management, along with recording infrastructure, Command and Control Centre functionality and technical support services.
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