Protean eGov Technologies Limited has informed the Exchange about receipt of work order
PROTEAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Protean eGov Technologies has received a work order from the Unique Identification Authority of India (UIDAI), a Government of India body, valued at approximately INR 1,160 crores (exclusive of taxes). The order is for establishing and running District Level Aadhaar Seva Kendras (ASK) in 188 districts across India, providing Aadhaar enrolment, update, and other related services. The contract has a 6-year execution period and is a domestic outsourcing project for public service delivery. The order is not a related party transaction and there is no promoter interest in the awarding entity.
This is a large, multi-year government contract that provides strong revenue visibility for Protean over the next 6 years and strengthens its role as a key Aadhaar service delivery partner. The order size is materially significant relative to the company's scale, likely boosting investor sentiment and potentially supporting the stock price in the near term.