Magellanic Cloud Limited submitted a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding a contract award to its wholly owned subsidiary.
Contract Details
- Contract Value: INR 3.13 Crore (Approximate)
- Awarding Entity: East Central Railway, Dhanbad Division
- Project Scope: Modernization of Passenger Reservation System (PRS) network, upgradation of telecom connectivity through GPON technology, and associated Signaling & Telecommunication (S&T) works over Dhanbad Division
- Specific Work Includes: Deployment of telecom networking infrastructure, GPON-based fiber connectivity solutions, CCTV surveillance systems, and related S&T infrastructure
- Execution Timeline: 48 months
- Entity Type: Domestic entity
Management Commentary
Joseph Sudheer Thumma, Global CEO & Managing Director of Magellanic Cloud Limited, stated that this order strengthens the company's position in India's railway technology ecosystem. He noted that the company has recently crossed ₹250 crore in cumulative railway orders, reflecting their commitment to supporting Indian Railways modernization through advanced telecom, connectivity, and surveillance solutions.