Ramco Systems strengthens on entering into partnership with AFI KLM E&M

06 Nov 2015

Ramco Systems is currently trading at Rs. 777.25, up by 15.25 points or 2.00% from its previous closing of Rs. 762.00 on the BSE.

The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 780.00 and Rs. 767.00 respectively. So far 1586 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1113.00 on 05-Aug-2015 and a 52 week low of Rs. 415.10 on 19-Nov-2014.

Last one week high and low of the scrip stood at Rs. 795.00 and Rs. 747.25 respectively. The current market cap of the company is Rs. 2315.88 crore.

The promoters holding in the company stood at 56.49% while Institutions and Non-Institutions held 24.33% and 19.18% respectively.

Ramco Systems, a specializes in business software systems, especially in the MRO sector, has signed a partnership with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) to set up a joint innovation center in Singapore. A team of around ten people will work there on designing and developing innovative, rapid-deployment solutions for strategic areas in the aircraft maintenance industry, benefitting AFI KLM E&M customers all around the world.

The creation of a new, joint R&D center with the company is a part of this momentum. The MRO Lab Singapore aims to encourage the rapid emergence and diffusion of innovative, high value-added, MRO solutions, in the heart of a fast growing MRO market and in a fruitful innovation ecosystem. The project is also the outcome of an exchange of experience and best practice between AFI KLM E&M and the company, which has extensive know-how in the aircraft maintenance sector. 

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

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