Ramco Systems secures order from global aircraft OEM

India Infoline News Service | Mumbai | August 22, 2017 14:10 IST

Ramco Systems, the global aviation software provider on Cloud and Mobile, announced that it has secured an order from one of the Global Top 5 Aircraft OEMs (Original Equipment Manufacturers) for its joint venture in China.

Ramco System
Ramco Systems, the global aviation software provider on Cloud and Mobile, announced that it has secured an order from one of the Global Top 5 Aircraft OEMs (Original Equipment Manufacturers) for its joint venture in China.
 
Ramco will help the China-based manufacturing centre to embrace latest technology offerings to automate its maintenance and engineering (M&E), supply chain, finance, HCM and payroll functions on a unified platform.
 
The application will enable users to configure and track aircraft components, gain visibility of stock and provide advanced reporting support, in addition to addressing local statutory compliance requirements for HR, payroll and finance.
 
According to the State Council of China, China is expected to build more than 500 general aviation airports across the country and own more than 5,000 all-purpose aircraft by 2020. In addition, China is becoming a key supplier of aircraft and component systems. 
 
Meanwhile, the stock was trading up by 5.31% at Rs 362 per share on BSE at 1322 hours. It opened at Rs 345.55 per share.

***Note: This is a NSE Chart

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