Protean eGov Technologies shares zoom 11% on Rs 1,160 crore Aadhaar order from UIDAI

Shares of Protean eGov Technologies rallied 10.9% in early trade on BSE to an intraday high of Rs 907.75 on Tuesday after the company disclosed that it has received a significant work order valued at approximately Rs 1,160 crore (exclusive of taxes) from the Unique Identification Authority of India (UIDAI), New Delhi.

In a regulatory filing dated August 25, the company informed the exchanges that the work order pertains to the delivery of Aadhaar-related services across multiple districts in India.

The scope of the project includes providing infrastructure and operational support for Aadhaar enrolment, updates, and other walk-in services.


The contract, awarded by UIDAI under the Ministry of Electronics and Information Technology, Government of India, involves the establishment and operation of Aadhaar Seva Kendras in 188 districts across the country.

These centres will facilitate both appointment-based and walk-in services for Aadhaar enrolment and demographic or biometric updates, among other Aadhaar-related citizen services.

As per the terms of the agreement, the project will be executed over a period of six years. The nature of the order is classified as a domestic public service outsourcing contract, and it has been awarded purely on a professional basis with no related-party interest or arm’s-length transaction concerns noted.

The company clarified that there is no promoter or promoter group involvement in the entity awarding the contract, nor does the order fall under the ambit of related-party transactions.

Protean eGov Technologies share price performance

Over the past 1 year, the shares of Protean eGov Technologies have declined by 60.63%, while the year-to-date (YTD) performance shows a drop of 57.72%. In the last 6 months, the stock has fallen by 40.30%, and over a 3-month period, it has declined by 16.22%. However, in the past 1 month, the stock has gained 2.69%.

On Monday, the shares of Protean eGov Technologies closed 3.9% lower at Rs 818.20 on the BSE.

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