Wholly owned subsidiary emerges L1 bidder in Bank of Maharashtra e-surveillance tender
Provigil Surveillance Ltd, a wholly owned subsidiary of Magellanic Cloud, has emerged as the L1 (lowest) bidder in Bank of Maharashtra's e-surveillance tender covering 1,550+ sites, with a bid value of approx. ₹115 crore.
By ScoutQuest · · 1 min read
- Bid Value
- approximately ₹115 crore
- Sites Covered
- 1,550+ sites
- Bidder Status
- L1 (lowest) bidder
What happened
- Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has emerged as the L1 (lowest) bidder in a tender issued by Bank of Maharashtra.
- The tender is for providing e-surveillance solutions across 1,550+ sites, with a bid value of approximately ₹115 crore.
- The update states that the award of the contract remains subject to the issuance of a formal order by Bank of Maharashtra.
Scope of work
- Supply, installation and commissioning of e-surveillance systems.
- Operation of a 24/7 Central Monitoring Station.
Why the company says it matters
- Provigil calls this a significant opportunity, and says that upon award it would further strengthen the company's presence in the Banking, Financial Services and Insurance (BFSI) e-surveillance segment.
- The bid is described as being in the ordinary course of Provigil's business and aligned with its core business of integrated surveillance, telecommunications and security infrastructure solutions.
- The company says it will continue to pursue similar opportunities across BFSI, transportation, government and critical infrastructure sectors.
What to keep in mind
- Being the L1 bidder is a bid-stage status. It is not the same as a contract being awarded, and the update itself links the award to a formal order from Bank of Maharashtra.
- The bid value is stated as approximately ₹115 crore, and the site count as 1,550+ sites.
- The company has said it will keep the stock exchanges informed of further material developments.
Also from Magellanic Cloud
Wholly owned subsidiary receives Letter of Acceptance worth ~₹3.16 crore from DFCCIL for CCTV surveillance
23 Oct 2026
Subsidiary receives Letter of Acceptance worth ~₹3.16 crore from DFCCIL for CCTV surveillance
23 Oct 2026
Magellanic Cloud Ltd press release
22 Oct 2026
More numbers
- Sites covered under the e-surveillance tender1,550+ sites
- Bid value of the tender₹115 crore
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