Ramco Systems announced its strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline, to implement its flagship aviation software, Ramco Aviation Suite at Korean Air`s Engine Maintenance Center. This association was officially announced at MRO Americas 2024, Chicago. This engagement comes close on the heels of the airline announcing the construction of its new engine MRO facility in Unbuk, near Incheon International Airport, claiming to be the largest engine maintenance plant in Asia, consolidating all engine MRO capabilities into a single cluster. The airline currently conducts MRO work on six engine models, and with this expansion, Korean Air is looking to add three more engine types to its aircraft family. The implementation of Ramco`s Aviation Software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites. With comprehensive MRO-specific functionalities, and integrated e-publications all on a unified platform, offered as an out of the box solution, Ramco Aviation will be the technological foundation for Korean Air. In addition, the airline`s engine maintenance center will also benefit from digital enablers such as Mobility via Anywhere Apps, HUBs, Dashboards and other integrations to the ecosystem offerings, powered by Ramco. Ramco`s robust Engine MRO solution will cater to the current and future expansion plans of the airline, thereby strengthening the airline`s aircraft engine maintenance capabilities and solidifying its presence in the MRO segment.Powered by Capital Market - Live News

Ramco Systems announced that it has won the 2024 ISG Paragon Awards� ANZ `High Performing Partnership` Award, in collaboration with its esteemed client a leading New Zealand telecommunications provider. Powered by Capital Market - Live News

Net Loss of Ramco Systems reported to Rs 26.35 crore in the quarter ended December 2023 as against net loss of Rs 50.27 crore during the previous quarter ended December 2022. Sales rose 0.60% to Rs 128.26 crore in the quarter ended December 2023 as against Rs 127.50 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales128.26127.50 1 OPM %-3.45-22.42 - PBDT-5.45-30.66 82 PBT-26.79-51.44 48 NP-26.35-50.27 48 Powered by Capital Market - Live News

Ramco Systems will hold a meeting of the Board of Directors of the Company on 7 February 2024.Powered by Capital Market - Live News

Deloitte Touche Tohmatsu India LLP, has entered a strategic partnership with Ramco Systems. This partnership leverages Ramco`s innovative payroll platform in conjunction with Deloitte`s expert advisory and managed services. Together, they are committed to delivering an all-encompassing payroll solution that ensures operation services, compliance, seamless user experience, and comprehensive coverage spanning 150+ countries, all accessible through a single, unified payroll platform. This partnership presents organisations with the chance to harness a full spectrum of services i.e., risk reduction through seamless integration, faster delivery, performance optimisation, and improved visibility. It further empowers businesses to achieve ongoing, self-sustained governance, driving efficiency, scalability, and innovation in the digital landscape.Powered by Capital Market - Live News