Ramco Systems Ltd. share price jumped over 10% on Tuesday after it announced a deal with Tata Advanced Systems Ltd. to deploy its aviation software at the upcoming defence MRO facility in Bengaluru to support C-130J Super Hercules aircraft.
The company will deploy its integrated aviation MRO platform across TASL's operations, covering a broad suite of capabilities including contract and quote management, maintenance planning, hangar and component maintenance, supply chain management, engineering and quality, along with customer billing, a statement said. Ramco did not disclose the deal value.
TASL is the strategic aerospace and defence arm of the salt-to-software Tata Group. The Bengaluru MRO facility will specialise in Lockheed Martin's C130J Super Hercules aircraft maintenance for the Indian Air Force.
Through this collaboration, TASL gains access to a platform that is compliant with Indian regulations, anticipates operational needs, minimises downtime, and ensures stable performance across all conditions, said Ramco Systems President and Chief Operating Officer Sandesh Bilagi.
The Chennai-based company is an enterprise software product and platform provider and manages more than 4,000 aircraft globally. It provides services to airlines, third party MROs, large helicopter operators, leading defence organisations, and major urban air mobility companies around the world.
Scheduled to be operational by late 2026, the Bengaluru Maintenance, Repair, and Overhaul (MRO) facility will provide depot-level maintenance, structural checks, and avionics upgrades for the Indian Air Force and regional operators.
Share Price Movement
Shares of Ramco Systems surged 10.5% intraday to Rs 445 on the NSE, compared to a 0.9% rise in the benchmark Nifty 50. The stock is up 36% on a 12-month basis.
The market cap stood at Rs 1,600 crore.
ALSO READ: Dixon Tech Shares Surge Following Key Development — Details Inside
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.