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.
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