Ramco Systems jumps ~7% as HAECO Group announces extension of partnership with co.

Hong Kong Aircraft Engineering Company Limited (HAECO Group), a leading Aviation Maintenance, Repair & Overhaul (MRO) specialist, today announced it will continue to work with Ramco Systems to bring the global software specialist’s advanced Aviation solutions to four more business units in Hong Kong, Xiamen and Jinjiang.

HAECO’s partnership with Ramco began last year when HAECO ITM Ltd, a HAECO Group company which provides Inventory Technical Management solutions, adopted Ramco’s Aviation Suite. The proprietary platform is equipped with advanced supply chain planning and optimisation, covering Customer Contract Management, Supply Chain Management, Inventory Management, Financial Management, and Component Engineering including Reliability Management.

Following the successful collaboration, the group will now implement Ramco Aviation Suite, integrated with a new HR and Finance solution, at its Component, Repair and Overhaul (CRO) services facilities in Hong Kong and Xiamen; Landing Gear Services facility in Xiamen; and Composite Services facility in Jinjiang. 

Ramco Systems Ltd is currently trading at Rs151.15 up by Rs9.5 or 6.71% from its previous closing of Rs141.65 on the BSE.

The scrip opened at Rs143.10 and has touched a high and low of Rs152.90 and Rs143.10 respectively. So far 1,15,799 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs433.43cr.

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