Shares of Ramco Systems Ltd were locked at 20% upper circuit on 10 April after the company announced signing a multi-million-dollar deal with Korea’s largest airline, Korean Air, for technological support at its new engine maintenance complex.

In its regulatory filing, the company said, “The implementation of Ramco’s aviation software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites.”

This deal comes after the airline’s announcement regarding the construction of its engine Maintenance, Repair, and Overhaul facility in Unbuk, near Incheon International Airport. This facility is touted to become the largest engine maintenance plant in Asia, bringing together all engine Maintenance, Repair, and Overhaul capabilities into a single cluster.

The Korean airline currently conducts Maintenance, Repair, and Overhaul (MRO) work on six engine models. With this expansion, Korean Air is looking to add three more engine types to its aircraft family.

The implementation of the company’s Avionic Software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites.

The company is a next-generation enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation.

At 10:30 am, the shares of Ramco Systems were locked 20% higher at Rs 340.90 on NSE.