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Ramco Systems shines on wining order from Hevilift for Aviation MRO Software

05 Mar 2013

Ramco Systems is currently trading at Rs. 91.70, up by 6.30 points or 7.38% from its previous closing of Rs. 85.40 on the BSE.

The scrip opened at Rs. 84.30 and has touched a high and low of Rs. 93.50 and Rs. 83.60 respectively. So far 6,046 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 16-Jul-2012 and a 52 week low of Rs. 79.30 on 14-Feb-2013.

Last one week high and low of the scrip stood at Rs. 98.65 and Rs. 80.00 respectively. The current market cap of the company is Rs. 144 crore.

The promoters holding in the company stood at 67.81% while Institutions and Non-Institutions held 2.16% and 30.03% respectively.

Ramco Systems, the global Aviation Software provider on Cloud, Mobile and Tablets has bagged new order from Hevilift Group, one of the leading aviation charter service provider of fixed and rotary wing aircraft in the Asia-Pacific Region. The win, announced during the HELI-EXPO 2013, being held at Las Vegas, further reinforces Ramco's leadership in the Heli-operator segment, where Ramco's software has been maintaining over 1100+ helicopters, globally.

Under the agreement, Ramco will provide its web-based Series 5 M&E and MRO solution, including Maintenance & Engineering (M&E), Supply Chain Management (SCM), Maintenance, Repair & Overhaul (MRO), Reliability, Aviation Finance, and Work Force Administration, with integrated Multi-Country Payroll across numerous countries and legal entities of the Group.

Hevilift's aircraft covers operations both onshore and offshore for verticals such as Oil & Gas, Mining, Mineral Exploration, Medical Evacuation, and Aerial Construction among others. Though operations are spread across countries with low internet penetration, such as Papua New Guinea, Indonesia (Balikpapan) and others, Ramco has ensured availability of data at a central corporate location almost in real-time by harnessing satellite connectivity.

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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