Protean eGov Technologies share price skyrockets 10.93% in the early trade today (August 26) after the company bagged a major government mandate. This is a key win as the share price cracked in last May. Within just two sessions, the share price tumbled nearly 30% and extended losses to about 50% from its peak. The sell-off was triggered when Protean eGov Technologies missed out on the government’s high-profile PAN 2.0 project, leading to a 20% slide on May 19 alone.
The company through an exchange filing on August 25 informed that it has received a six-year order worth Rs 1,160 crore from the Unique Identification Authority of India (UIDAI) to set up and operate Aadhaar Seva Kendras across the country.
Let’s take a look at the three key things to track –
The Rs 1,160 crore UIDAI order
In its exchange filing, Protean eGov Technologies said, “… has received a work order on August 25, 2025, from Unique Identification Authority of India (UIDAI) for providing services as ‘Service Provider for Establishing and Running District Level Aadhaar Seva Kendra (ASK)’ of approximately Rs 1,160 crore (exclusive of taxes).”
The project involves opening Aadhaar Seva Kendras in 188 districts across India, where citizens will be able to enrol, update details, and access other Aadhaar-linked services. Furthermore, the contract will run for a period of six years.
Why this matters
The mandate positions Protean eGov Technologies at the centre of Aadhaar’s expansion at the district level, one of the largest identity-linked programs in the world.
According to the regulatory filing, the order is classified as “outsourcing delivery of public service as a project” and comes entirely from a domestic entity.
Protean eGov Technologies stock performance so far
Protean eGov Technologies share price has struggled in recent months. Over the last five days, the stock moved up 9%, while on a one-month basis, it delivered a return of 3.6%.
But looking at a longer horizon, the stock is still down 37% in the past six months and has declined nearly 44% so far in 2025.
The company’s market capitalisation stands at Rs 3,320 crore, with a 52-week high of Rs 1,535 and a low of Rs 716.05.