Bharti Airtel gains on selecting Oracle Fusion ERP, SCM to accelerate digital transformation
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Bharti Airtel is currently trading at Rs. 714.50, up by 3.15 points or 0.44% from its previous closing of Rs. 711.35 on the BSE.
The scrip opened at Rs. 715.20 and has touched a high and low of Rs. 717.15 and Rs. 711.75 respectively. So far 22671 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 781.90 on 24-Nov-2021 and a 52 week low of Rs. 490.36 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 726.80 and Rs. 685.00 respectively. The current market cap of the company is Rs. 418580.74 crore.
The promoters holding in the company stood at 55.93%, while Institutions and Non-Institutions held 38.85% and 5.21% respectively.
Bharti Airtel has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Supply Chain & Management (SCM) to digitize and simplify its finance, planning, and supply chain processes. With the integrated Oracle Cloud ERP and Oracle Cloud SCM applications, Airtel will transform its shared services operations, which focus on driving productivity and agility across the company.
The applications will help enable Airtel to automate manual processes, gain an on-demand 360-degree view of its financial data, and streamline procurement and supply chain management. The implementation, carried out by Oracle Consulting, will expand Airtel’s Oracle Cloud footprint following the carrier’s recent move to Oracle Fusion Cloud Human Capital Management (HCM) to support its employees and associates.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
