Shares of Ramco Systems gained over 6 percent to hit a 52-week high of Rs 455 on NSE after the enterprise software provider said that it has launched the latest version of its Aviation Software.
The version 6.0 aims to "revolutionise maintenance, repair, and overhaul (MRO) operations and maintenance and engineering (M&E) processes with cutting-edge technology and AI-driven features", it said.
"An integrated solution with modules for contracts, engineering, planning, maintenance, supply chain management, finance, ePUBS and advanced mobility capabilities, Ramco Aviation Software 6.0 is built to handle the challenges of tomorrow," the company said in a stock exchange filing.
The enhanced Ramco Aviation Software 6.0 brings a range of new features designed to digitally transform maintenance operations and improve management of flight safety, materials, and commercial aspects, Ramco Systems said.
A standout addition is the specialized Engine MRO Module, which aims to optimize aviation engine maintenance with exceptional precision and efficiency, catering to the complex requirements of engine MRO activities, it added.
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Another notable addition is the Maintenance Control Centre (MCC) Hub, which facilitates seamless operations by allowing MCC personnel to review aircraft readiness for upcoming schedules.
"This feature is set to streamline maintenance processes and improve operational readiness. The software also introduces an Aviation Material Requirements Planning (MRP) Module, designed to optimise resource allocation and scheduling," said Ramco Systems.
Ramco Systems has also integrated a Graphical Quote Comparison Tool to assist organisations in making informed purchasing decisions. This tool provides valuable insights, helping users determine the best options for their needs, the company said in its release.
Meanwhile, the Purchase Automation Framework, designed to simplify purchase order management through a one-time setup of automation rules, aims to reduce manual intervention and improve the accuracy of purchase orders. Additionally, the release includes enhanced pricing solutions that streamline billing and invoicing processes.
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At 9:56 am, Ramco Systems shares were trading over 3 percent higher at Rs 443.40 on the National Stock Exchange (NSE). The stock has gained around 50 percent so far this year. In the past 12 months, the stock has gained around 55, while Nifty climbed 28 percent during the same period.
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