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.
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