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The contract involves deployment of CCTV surveillance systems at 91 manned non-interlocked level crossing gates across the Sambalpur Division to strengthen monitoring, safety and security of railway assets.
With this latest order, Magellanic Cloud's cumulative railway order book has crossed Rs 250 crore, reinforcing its position in the railway surveillance and infrastructure segment.
The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities.
Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction.
Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications. The company's consolidated net profit jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25.
The project pertains to the “Provision of CCTV at 75 Non-Interlocked Manned Level Crossing Gates over Hubli Division.” The scope of work includes supply, installation, testing and commissioning of CCTV / Video Surveillance Systems, networking and telecom infrastructure, integration of monitoring systems, power backup arrangements, solar power systems, computer vision-based gate monitoring solutions and other ancillary infrastructure required for the project.
This LOA further strengthens the Company's position in the railway surveillance and safety infrastructure segment. With cumulative railway sector orders now exceeding Rs 250 crore, the Company continues to expand its footprint across key railway zones and divisions nationwide.
The order further strengthens Magellanic Cloud's presence in the railway surveillance and safety infrastructure segment. With this contract, the company's cumulative railway sector order book has exceeded Rs 250 crore, reflecting its growing footprint across key railway zones and divisions in India.
The company said the project further strengthens its execution track record in supporting Indian Railways' modernization and safety enhancement initiatives. It added that increasing investments in digital infrastructure, surveillance and asset protection by public sector undertakings and government agencies continue to provide long-term growth opportunities. Magellanic Cloud clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding authority. The company also stated that the contract does not constitute a related-party transaction.
Earlier, Provigil Surveillance had secured a Rs 9.72 crore surveillance infrastructure project from East Coast Railway's Sambalpur Division for the deployment of CCTV systems at 91 manned non-interlocked level-crossing gates.
Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications.
The company's consolidated net profit jumped 32.1% to Rs 29.49 crore on a 31.5% increase in revenue to Rs 205.55 crore in Q4 FY26 over Q4 FY25.
The counter shed 0.35% to Rs 25.64 on the BSE.
For the full year,net profit rose 11.24% to Rs 114.23 crore in the year ended March 2026 as against Rs 102.69 crore during the previous year ended March 2025. Sales rose 16.85% to Rs 697.88 crore in the year ended March 2026 as against Rs 597.24 crore during the previous year ended March 2025.
Magellanic Cloud and Rayonix Tech has jointly incorporated a Special Purpose Vehicle (SPV) in the name of MCRAY XTEND INDIA (MCRAY). The SPV has been incorporated in furtherance of the Strategic Investment and Collaboration Agreement executed between the Company and Rayonix Tech for carrying out activities relating to unmanned aerial vehicle (UAV) technology, defence technology solutions, manufacturing, deployment, and other allied business operations.
The Company will acquire 60% shareholding in Mcray Xtend India through subscription to its paid-up equity share capital and consequently, MCRAY will become a subsidiary of the Company. The incorporation of the SPV and the proposed investment are aligned with the Company's strategic expansion plans in the UAV and defence technology sector and are expected to strengthen its participation in indigenous technology development initiatives in India.
Provigil Surveillance (wholly owned subsidiary of Magellanic Cloud) has received a Letter of Acceptance (LOA) from South-Western Railway, Bengaluru Division for an aggregate value of Rs 3.59 crore (approx.).
The project involves Replacement and Additional Provision of CCTV Surveillance System at Mysuru Railway Station under South-Western Railway. The scope includes supply, installation, testing, commissioning and integration of CCTV surveillance systems comprising VMS, VAS & FRS integration, PTZ/Bullet/Dome/4K UHD Cameras, Video Analytics Servers, Storage Systems, Networking Infrastructure, UPS Systems and centralized monitoring infrastructure with failover architecture.
Magellanic Cloud announced the formation of a strategic joint venture (JV) to manufacture advanced Unmanned Aerial Vehicle (UAV) systems in India.
The company has entered into the JV with Rayonix Tech, an India-based defence technology company, in partnership with XTEND, an Israel-based AI-powered robotics, UAV and software systems company. This development marks a significant step in Magellanic Cloud's expansion within the fast-growing defence and security technology sector.
The joint venture, valued at ~US$11 million (~Rs 100 crore), will establish end-to-end manufacturing, testing, and distribution capabilities in India. These UAVs will cater to the evolving requirements of the armed forces and security agencies, supporting surveillance, reconnaissance, and mission-critical operations.
The joint venture aims to cater to the growing demand for advanced UAV systems from India's defence ecosystem. By leveraging XTEND's proven autonomous operating systems and combining them with domestic manufacturing capabilities, the joint venture seeks to deliver mission-critical drone solutions built for Indian operational requirements.
This strategic partnership further strengthens Magellanic Cloud's growing presence in drone technologies, AI-led surveillance, and intelligent infrastructure solutions, reinforcing its position as a technology-driven enterprise focused on emerging and high-growth sectors and investing in future-ready technologies with strong national relevance.
According to the company, the project valued at nearly Rs 5 crore and is expected to be delivered and installed within three months from the date of the Notification of Award, in line with the tender conditions.
The company further clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company added that the contract does not fall under related-party transactions as per applicable regulatory norms.
Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance and advanced drone-based applications.
The company's consolidated net profit declined 2% to Rs 28.63 crore on an 8.3% increase in revenue to Rs 163.93 crore in Q3 FY26 as compared with Q3 FY25.
The counter rose 0.13% to Rs 23.50 on the BSE.