Protean eGov Technologies share price rises 6% on receiving strategic Work Order from Bima Sugam

Stock Market today- Protean eGov Technologies share price gained more than 6% in the opening trades on Tuesday as it announced receiving Strategic Work Order from Bima Sugam on Monday after the trading hours.

Protean eGov Technologies Work Order details

Protean eGov Technologies informed the investors through intimation to the exchanges about Receipt of Strategic Work Order from Bima Sugam India Federation following RFP Win.

As per the release on June 9, 2025, the Bima Sugam India Federation (BSIF) awarded Protean eGov Technologies Limited a prestigious and strategically significant work order valued at roughly ₹100 crore through the RFP procedure.

After winning this RFP through a due process, the company will serve as the Technology Solution Provider for the complete development, deployment, support, and upkeep of the Bima Sugam Marketplace, platform integrations, and marketplace protocols, as per the terms of the work order that was subsequently received.

Protean eGov Technologies in its intimation to the National Stock Exchange of India and BSE Ltd or Bombay Stock Exchange of India also highlighted that "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.”

About Bima Sugam India Federation (BSIF)

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.

Protean eGov Technologies share price movement

Protean eGov Technologies share price opened at ₹990.05 on the BSE on Tuesday. At the time of opening Protean eGov Technologies share price was up slightly more than 4% over the previous days closing price of ₹951.65. The Protean eGov Technologies share price thereafter gained further the intraday highs of ₹1009 which translated into intraday gains of 6% .

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