Magellanic Cloud Limited has secured a purchase order worth Rs 18.4 crore from NCR Corporation India Private Limited for providing E-Surveillance Solutions across 1,000 Punjab National Bank (PNB) ATM sites, according to a BSE filing. The order comprises both Capex and Opex components, supporting a broader opportunity across deployment and services. This project reinforces IVIS International Private Limited’s track record in executing scalable, technology-led E-Surveillance deployments.
The deployment covers 1,000 PNB ATM sites, highlighting the scale of the opportunity and IVIS’s execution capabilities. The order further strengthens Magellanic Cloud’s footprint in the Banking & Financial Services E-Surveillance space, particularly in large-scale ATM surveillance deployments. This win demonstrates Magellanic Cloud’s ability to execute complex projects.
The project involves the provision of E-Surveillance Solutions to enhance the security and monitoring of PNB’s ATM network. As part of the agreement, IVIS will provide installation, maintenance, and support services for the E-Surveillance Solutions. The contract was awarded through a competitive bidding process.
The order adds to Magellanic Cloud’s growing portfolio of E-Surveillance projects in the BFSI sector. Earlier, the company had secured several large contracts for E-Surveillance Solutions from prominent banks and financial institutions. This win reinforces Magellanic Cloud’s position as a leading provider of E-Surveillance Solutions in India.
This order reinforces Magellanic Cloud’s position as a trusted partner for BFSI companies seeking to enhance their security and surveillance capabilities.
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