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Ramco Systems share price up 5% on winning contract from Aden Ports

The company will provide its next-gen Enterprise Resource Planning software to Aden Ports Development Company at their Aden Container Terminal.

June 29, 2021 / 10:09 AM IST
 
 
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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.

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"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.”

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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.
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first published: Jun 29, 2021 09:45 am
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