Ramco Systems shines on inking 5 year pact with SRSC

Ramco Systems Ltd. | IT - Software | IT & ITES | BSE: 532370 | NSE: RAMCOSYS

29 Aug 2017 Evaluate

Ramco Systems is currently trading at Rs. 362.00, up by 8.70 points or 2.46% from its previous closing of Rs. 353.30 on the BSE.

The scrip opened at Rs. 353.30 and has touched a high and low of Rs. 365.00 and Rs. 349.00 respectively. So far 4835 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 532.65 on 06-Sep-2016 and a 52 week low of Rs. 286.00 on 15-Dec-2016.

Last one week high and low of the scrip stood at Rs. 370.90 and Rs. 344.00 respectively. The current market cap of the company is Rs. 1085.98 crore.

The promoters holding in the company stood at 54.96%, while institutions and non-institutions held 22.62% and 22.42% respectively.

Ramco Systems has signed a prestigious 5-year agreement with Saudi Rotorcraft Support Company (SRSC) 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. Dynamic management of component configuration as well as part exchanges will capture cost-related data directly through Ramco Mobility Solutions across the business.

Ramco Systems is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.

Ramco Systems Share Price

412.35 -2.00 (-0.48%)

30-Apr-2026 16:59 View Price Chart

Peers

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