SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Magellanic Cloud’s arm secures LoA worth Rs 4.31 crore

02 Jun 2026 Evaluate

Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has received a Letter of Acceptance (LOA) from South Western Railway, Hubli Division, for an aggregate contract value of around Rs 4.31 crore.

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.

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.


Magellanic Cloud Share Price

25.54 0.05 (0.20%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2239.60
Infosys 1200.65
HCL Tech. 1168.50
Wipro 204.30
Tech Mahindra 1487.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×