Companies

Ramco Systems gets five-year deal from Middle East based MNC

PTI Chennai | Updated on December 04, 2019 Published on December 04, 2019

Ramco Systems on Wednesday said its subsidiary in the Middle East has bagged a five year order, for an “undisclosed sum”, from a large independent family- owned multinational company to implement its logistics solution.

The city-based company, in a filing to the stock exchanges said Ramco Systems FZ-LLC, Dubai would implement Ramco Logistics ERP to the entity, which has presence across Middle East, North Africa, Europe and Asia and has a 4,000 strong workforce.

The Gulf-based group would implement Ramco Warehouse Management System, part of Ramco Logistics Software, for its logistics division offering freight forwarding and end-to-end multimodal supply chain solutions to effectively manage storage space, open yard storage facility, the notification said.

“With this order, Ramco Logistics Suite continues to win the trust of leading logistics service providers across America, Australia, Middle East, Saudi Arabia..,” it said.

Shares of the company were trading at ₹146.50 apiece upby 3.72 per cent over previous close in BSE.

Published on December 04, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.