Protean eGov Technologies’ shares surge over 2% as it secures a Rs 161 crore CERSAI work order

Shares of Protean eGov Technologies rose nearly 2.15%, reaching ₹1,796.95, after the company announced a significant ₹161 crore work order from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).

The work order involves the design, development, implementation, operations, and maintenance of the Central KYC Records Registry (CKYCRR 2.0).

The project, awarded by the Government of India undertaking, will span 69 months, solidifying the company’s role as a key system integrator in large-scale technology solutions.

The stock opened at ₹1,782.00 and showed a recovery from its previous close of ₹1,759.15. It is currently trading at ₹1,796.95, marking a 2.15% gain.

Protean eGov Technologies has shown mixed performance throughout the week, with this announcement giving a boost to investor sentiment.

The development highlights the company’s continued growth in IT-enabled solutions for large-scale projects, further strengthening its leadership in population-scale technology innovations. As of 2:00 PM, the stock was trading 2.15% higher.

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