Ramco Systems signs agreement with Saudi Rotorcraft Support Company

India Infoline News Service | Mumbai | August 29, 2017 12:30 IST

Ramco Systems, the global aviation software provider on Cloud and Mobile, announced that it has signed a prestigious 5-year agreement with Saudi Rotorcraft Support Company (SRSC).

Ramco Systems, the global aviation software provider on Cloud and Mobile, announced that it has signed a prestigious 5-year agreement with Saudi Rotorcraft Support Company (SRSC).
 
The agreement was signed to offer software support for Maintenance, Repair and Overhaul (MRO) operations for civilian and military helicopters in Saudi Arabia.
 
In addition to Aviation maintenance modules, SRSC will also be implementing Ramco’s complete Finance, HR & Payroll offering to get an integrated view of business operations.
 
SRSC, a joint venture company formed under an agreement with Alsalam Aerospace Industries, Boeing and Saudia Aerospace Engineering Industries (SAEI) offers dedicated MRO services in Riyadh and Jeddah for the country’s combined fleet of more than 360 military and commercial helicopters.
 
The transformational deal between SRSC and Ramco will significantly accelerate SRSC’s capabilities and its responsiveness to core customers through cloud-based solutions.
 
Ramco will deploy its Aviation Suite V5.8 to digitise and streamline SRSC operations and aircraft management processes across its operations.
  
Meanwhile, the stock was trading up by 2.46% at Rs 362 per share on BSE at 1205 hours. It opened at Rs 353.30 per share. The stock attracted total traded volume of 56,908 shares and traded value of Rs 203.55 lakh on NSE at 1203 hours.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.