Moneycontrol
Jul 13, 2017 02:04 PM IST | Source: Moneycontrol.com

Ramco System advances 4% on order win from Chinese Company

CSAGA will implement Ramco Aviation Maintenance & Engineering Suite 5.8, enabling its staff across China to automate and manage fleet data in real time.

Ramco System advances 4% on order win from Chinese Company

Moneycontrol News

Shares of Ramco Systems gained more than 4 percent intraday on Thursday as it received an order from a Chinese company.

"Ramco Systems announced an order win from China Southern Airlines General Aviation (CSAGA), the second largest offshore helicopter operator in China, for integrating its organisation-wide maintenance and engineering operations," as per company release.

The Zhuhai-based company, which operates Asia’s largest fleet of Sikorsky helicopters, will implement Ramco Aviation Maintenance & Engineering Suite 5.8, enabling its staff across China to automate and manage fleet data in real time.

Virender Aggarwal, CEO of Ramco Systems said, “Our partnership with CSAGA opens a new market for Ramco Aviation as we expand our horizons into China, a market which holds significant promise for our growth in the future.”

Earlier this month, the company bagged an order from Airline MRO Parts for its aviation solutions.

At 1:38 pm, Ramco System was quoting at Rs 343.85, up Rs 7.35, or 2.18 percent on the BSE.

Posted by Rakesh Patil
Sections
Follow us on
Available On