Wipro launches Wipro STO360 with Aramco and SAP; shares fall 38% year-to-date

According to a regulatory filing dated September 17, the tool will help asset-intensive organisations with efficient shutdown, turnaround, and outage (STO) management.

The tool, built on SAP’s Business Technology Platform (SAP BTP), combines Wipro’s domain expertise with Aramco’s business innovation and operational leadership to support asset-intensive industries, including oil and gas, chemicals, mining, manufacturing, and utilities.

Wipro STO360 is an end-to-end solution that enables real-time visibility into critical activities, improved collaboration across teams, and more informed decision-making throughout the STO lifecycle, the filing read.

Using a modern cloud-native architecture, it is designed to help organizations enhance asset reliability, improve operational efficiency, strengthen compliance, and reduce risk across maintenance programs, it added.

Commenting on the development, Vinay Firake, CEO of APMEA (Asia Pacific, India, Middle East, and Africa), Wipro, said: “Asset-heavy industries need to embrace AI-led transformation quickly and at scale due to the increasing complexity, regulatory expectations, and the need for operational excellence.”

Firake further stated that Wipro STO360 is a future-ready solution that combines our deep industry expertise, the capabilities of Wipro Intelligence, and cloud native engineering capabilities to help Aramco and other asset-intensive enterprises to optimize their STO operations, improving asset reliability, strengthening compliance, and unlocking measurable business value.

“We are excited to implement Wipro STO360™ to help transform our business operations. Leveraging cutting-edge technology, we aim to set new benchmarks in operational excellence to continue our strong position in the industry. This initiative can support Aramco in optimizing the Turnaround and Inspection planning and execution phases by increasing process efficiency and productivity,” said Ahmad O. Al Khowaiter, Aramco Executive Vice President of Technology & Innovation.

Wipro stock performance

Wipro shares closed 0.29% lower at ₹166.40 per unit on the National Stock Exchange (NSE) on Thursday, September 17. However, the development was announced after the market closed.

The scrip lost more than 8% over the month and 38% on a year-to-date (YTD) basis. While the stock hit a 52-week high of ₹273.10 per equity share on December 22, 2025, it touched a year’s low of ₹165.02 apiece on September 17, 2026.

Wipro has a total market capitalisation of ₹1.65 lakh crore as of September 17, 2026, according to data on the NSE.