Ramco Systems rally over 12% on signing multi-million USD deal
Ramco Aviation will replace multiple legacy systems to deliver an integrated view of the engineering operation to Cobham Aviation.
NEW DELHI: Ramco Systems Ltd surged 12.7 per cent in trade on Tuesday after the maintenance and engineering company announced the signing of a multi-year global deal with Cobham Aviation Services to implement a company-wide engineering transformation programme.
The stock closed 6.14 per cent up at Rs 924.50.
Cobham Aviation Services will implement the Ramco Aviation suite to benefit from best-practice business process for engineering, logistics, and airworthiness management of its over 140 fleet around the world, Ramco System said in a press release.
The release did not mention the deal size.
At 09:40 AM; Ramco Systems was trading 10.8 per cent higher at Rs 970. It hit a low of Rs 926 and a high of Rs 982 in trade today on the BSE.
Ramco Aviation Suite will replace multiple legacy systems to deliver one integrated and unified view of the engineering operation to Cobham Aviation Services, added the release.
The stock closed 6.14 per cent up at Rs 924.50.
Cobham Aviation Services will implement the Ramco Aviation suite to benefit from best-practice business process for engineering, logistics, and airworthiness management of its over 140 fleet around the world, Ramco System said in a press release.
The release did not mention the deal size.
At 09:40 AM; Ramco Systems was trading 10.8 per cent higher at Rs 970. It hit a low of Rs 926 and a high of Rs 982 in trade today on the BSE.
Ramco Aviation Suite will replace multiple legacy systems to deliver one integrated and unified view of the engineering operation to Cobham Aviation Services, added the release.
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