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Ramco Systems surges on securing order to digitise M&E operations of Caverton Helicopters

Ramco Systems is currently trading at Rs. 241.75, up by 2.90 points or 1.21% from its previous closing of Rs. 238.85 on the BSE.

The scrip opened at Rs. 238.65 and has touched a high and low of Rs. 242.20 and Rs. 237.15 respectively. So far 613 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 520.85 on 25-Apr-2018 and a 52 week low of Rs. 200.00 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 246.75 and Rs. 237.35 respectively. The current market cap of the company is Rs. 730.10 crore.

The promoters holding in the company stood at 54.71%, while Institutions and Non-Institutions held 22.70% and 22.59% respectively.

Ramco Systems has secured an order to digitise the maintenance and engineering (M&E) operations of Caverton Helicopters, a leading aviation and marine logistics player in Nigeria. Part of the Caverton Offshore Support Group Plc, Caverton Helicopters handles Emergency Medical Evacuation and Search & Rescue operations as well as provides logistics services to support Nigeria’s offshore oil and gas sector.

Ramco will deploy its advanced modules for flight operations, safety compliance and reporting, inventory management, and MRO (Maintenance, Repair & Overhaul) Sales for Caverton which operates a fleet of 30 helicopters out of Murtala Muhammad International Airport in Lagos, Port Harcourt Airforce Base, Warri and Douala, Cameroon.

Ramco Systems is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.

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