Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) has secured a series of orders worth more than ₹111.04 crore from Indian Railways, banking and financial institutions, public sector enterprises, a global technology company and critical infrastructure customers. The continued order wins have strengthened the company’s order pipeline and expanded its customer base across e-surveillance, digital infrastructure and technology services. Magellanic Cloud expects to build on this momentum through the balance of FY27 as demand for technology-driven surveillance and digital solutions continues to grow.
The company’s recent wins include projects across several railway divisions. On April 24, Provigil secured an ₹8.21 crore surveillance project from Northwestern Railway’s Bikaner Division. This was followed by orders of ₹3.44 crore from Southeastern Railway on May 7 and ₹3.59 crore from South-Western Railway on May 11.
On May 29, the company secured a ₹7.64 crore e-surveillance order from South Central Railway for the Nanded Division. Combined orders worth ₹4.31 crore from East Coast and South Western Railway on June 2 further strengthened the railway business.
Other railway wins included a ₹3.13 crore order from East Central Western Railway, ₹6.25 crore from South Central Railway on July 6, and another ₹6.93 crore order from the same division on July 13. Western Railway subsequently awarded a ₹12.13 crore surveillance project for its Ratlam Division on August 7.
The company has also expanded its presence beyond railways. IVIS received an LOI from Manappuram Finance for AI-based e-surveillance covering more than 1,000 branches. On August 12, IVIS secured purchase orders through NCR Corporation India for e-surveillance across 1,000 Punjab National Bank ATM locations, with an aggregate value of approximately ₹18.4 crore over five years. Motivity Labs also secured purchase orders worth around US$1.21 million, or approximately ₹11.62 crore, from a leading global technology company in the MANGA group.
Provigil added a ₹12.76 crore integrated e-surveillance order from GAIL (India) Limited on July 30. It also secured a ₹3.73 crore LOA from DFCCIL on August 13 and an additional ₹8.90 crore order from DFCCIL on August 18 for IP-based CCTV surveillance across multiple locations.
Commenting on the Company’s sustained order momentum, Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, said “The steady inflow of orders underscores the growing confidence in our technology-driven solutions and our ability to deliver effectively at scale. We remain focused on building a diversified and scalable business, broadening our customer base and converting our strong opportunity pipeline into sustainable, long-term revenue growth. The continued addition of leading institutional and corporate customers further strengthens our market presence and provides greater visibility into our next phase of expansion.”
Magellanic Cloud Limited is a publicly listed global technology company traded on both the National Stock Exchange and Bombay Stock Exchange. The company provides AI-powered surveillance systems, drone technologies, video analytics, fintech automation, cloud services and IT workforce solutions for enterprise and government clients. With operations spanning India, the United States and the Middle East, Magellanic Cloud serves sectors including banking, government, retail, logistics and enterprise infrastructure through its group companies such as Scanalitix, Scandron, iVIS, Motivity Labs, Finoux and JNIT.
