Protean eGov Technologies Ltd awarded order worth Rs. 100 crore

Protean eGov Technologies Limited ("the Company") has been awarded a prestigious and strategically significant work order valued at approximately INR 100 crore, on June 9, 2025, by the Bima Sugam India Federation (BSIF) through the RFP process.

BSIF, a not-for-profit entity led by key stakeholders of the Indian insurance ecosystem, governs Bima Sugam - an ambitious digital public platform envisaged as a unified, nation-scale marketplace for insurance products and services.

The Company has won this RFP through due process, and under the terms of this work order received subsequently, the Company shall serve as the Technology Solution Provider for end-to-end development, implementation, support and maintenance of Bima Sugam Marketplace, platform integrations and marketplace protocols. This engagement further strengthens Protean's role as a trusted technology partner in India's Digital Public Infrastructure (DPI) journey, building on our legacy of enabling critical citizen-centric digital systems at national scale.

Shares of Protean eGov Technologies Limited was last trading in BSE at Rs. 951.65 as compared to the previous close of Rs. 950.50. The total number of shares traded during the day was 74532 in over 5989 trades.

The stock hit an intraday high of Rs. 967.45 and intraday low of 949.80. The net turnover during the day was Rs. 71238743.00.

Source : Equity Bulls

Keywords

ProteaneGovTechnologies ITES ITEnabledServices INE004A01022 OrderWin