Protean eGov Soars Nearly 10% on Securing ₹1,160 Crore UIDAI Mandate

Mumbai, August 26, 2025 – There was a massive surge in Protean eGov Technologies Ltd share price (NSE: PROTEAN, BSE: 544021) as they jumped 9.59% to ₹897.85 in Tuesday’s early morning trade. This was after the company disclosed a ₹1160 crore work order from UIDAI (Unique Identification Authority of India) for establishing and managing AKS (Aadhar Seva Kendra) across 188 districts.

Protean eGov Technologies, listed in February 2025, provides digital infrastructure solutions with a focus on large-scale citizen-centric projects, identity management, and governance services.

Aadhar is a central point of electronic KYC, and over the past few years, it has enabled numerous financial and non-financial enterprises to enhance the efficiency of KYC and the client onboarding process through a seamless authentication process. With the latest work order, the company is set to become a critical part of the digitalization revolution in the country.

Stock Performance Snapshot

At 11:45 AM, the stock traded at ₹892.20 (8.90% up from the previous day’s close). After today’s surge, the share has risen by close to 17% in the past week. The stock opened at ₹870.45, reached a high of ₹918, and the low point was also the opening price for the day. The trading volume was also quite solid, with over 90 lakh shares traded by 11:45 AM.

What Led to the Rally

There was a critical change in the investor sentiment after the company announced a six-year outsourcing mandate by UIDAI (for ₹1160 crore exclusive of taxes). The project involves setting up and operating Aadhar Seva Kendras that will handle new enrolments, updates, and other citizen services across 188 districts. The latest project also reaffirms the company’s position as a leading developer of digital public infrastructure in India.

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