Image Source : Deccan Chronicle
Magellanic Cloud Ltd has received a significant work order worth Rs 120 million from a Vedanta Group company. The order strengthens its position in IT and surveillance solutions, reflecting growing trust from large corporates and supporting the company’s expansion strategy in technology-driven services.
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Magellanic Cloud Ltd, a diversified IT and technology solutions provider, announced that it has secured a work order valued at Rs 120 million from a Vedanta Group company. The order highlights the company’s growing presence in enterprise technology services and its ability to deliver large-scale solutions to leading industrial players.
Key highlights from the announcement include
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Magellanic Cloud Ltd received a Rs 120 million work order from a Vedanta Group company.
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The order is expected to enhance the company’s revenue visibility and strengthen its client portfolio.
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Magellanic Cloud specializes in IT consulting, surveillance, drone technologies, and AI-powered video analytics.
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The deal reflects Vedanta’s confidence in Magellanic Cloud’s expertise and execution capabilities.
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Funds from the order will support expansion in IT and ITES services, aligning with the company’s growth strategy.
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The company continues to diversify across technology-driven solutions, positioning itself as a trusted partner for large corporates.
This development underscores Magellanic Cloud’s ability to secure high-value contracts and reinforces its role in India’s evolving IT and surveillance ecosystem. The partnership with Vedanta Group further validates its technological strengths and long-term growth potential.
Sources: Magellanic Cloud Corporate Filings, Trendlyne
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