Ramco Systems share price added over 5 percent in the early trade on June 29 after the company received a "digital transformation" contract from Yemen's Aden Ports.
" ..... it will provide its next-gen Enterprise Resource Planning (ERP) software to Aden Ports Development Company (APDC) at their Aden Container Terminal (ACT), deepening its 12-year partnership with Yemen’s largest container terminal," the company said in the release.
Ramco’s HR and payroll modules will provide reporting capabilities to enable ACT’s management to make on-the-spot decisions for payroll, bonus, leave and attendance, while the financial accounting module will cover items such as accounts payable, accounts receivable and the general ledger, all on a unified dashboard, it added.
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“We are excited to further our partnership with ACT; it has been over a decade of working together, and we are happy to provide a more comprehensive service to our long-term customer," said Virender Aggarwal, CEO, Ramco Systems.
"As trends such as e-commerce are being pushed to the forefront amidst the COVID-19 pandemic, we are confident that the software will enable ACT to digitally transform their operations, translating into quicker turnarounds at the port.”
At 0928 hours, Ramco System was quoting at Rs 617.55, up Rs 19.70, or 3.3 percent on the BSE.
The share touched a 52-week high of Rs 784.15 on January 11, 2021 and a 52-week low of Rs 103.35 on July 14, 2020. It is trading 21.34 percent below its 52-week high and 496.81 percent above its 52-week low.
