Ramco Systems, an enterprise software company, announced that Schneider Electric, a global specialist in energy management has entered into a strategic partnership with the company.

The partnership will see Ramco's Advanced Process Optimization software, OPTIMA, become an important part of Schneider Electric's solutions for the cement industry and strategically help explore business opportunities.

Schneider Electric's strategic partnership with Ramco will deliver this much required solution, with a specific focus on optimization of kiln and mill operations, to its cement customers. The solution will support increased production volumes, promote the ease and uptake of alternative fuels and support human operators to make the best decisions for changing operating conditions.

Shares of the company declined Rs 6.55, or 3.3%, to settle at Rs 192.10. The total volume of shares traded was 3,977 at the BSE (Monday).