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Magellanic Cloud announces its UAV manufacturing and testing facility premises under JV MCRAY are ready. Commercial operations are planned in phases, marking expansion into defence and autonomous-tech segments.
Provigil, Magellanic Cloud's subsidiary, emerged as L1 bidder in Bank of Maharashtra's e-surveillance tender for 1,550+ sites. The ₹115 Crore bid awaits formal order issuance.
Magellanic Cloud Limited completed Phase 1 e-surveillance deployment across 685 of 930 Punjab & Sind Bank sites. This represents 74% completion of the total project scope.
Magellanic Cloud Limited announced a series of orders worth over ₹111.04 Crore secured from various clients including Indian Railways, BFSI institutions, and GAIL. This update highlights strong execution momentum.
Magellanic Cloud’s subsidiary IVIS received a non‑binding LOI from Manappuram Finance to provide AI‑powered e‑surveillance across ~1,000 branches. No contract value is disclosed.