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MSRTC will provide API's of its online bus ticketing system to IRCTC who in turn will Integrate MSRTC bus ticketing APIs on its website www.bus.irctc.co.in and mobile apps. The scope of work will be defined broadly in the agreement on mutually agreed terms.
Seema Kumar, CMD-IRCTC informed that, “The signing of the MOU between IRCTC and MSRTC is a significant milestone in enhancing passenger experience by allowing them to simplify their travel arrangements from a single point. This integration will give the passengers the advantage of seamless access of last-mile connectivity via the IRCTC Bus Booking Portal, ensuring a smooth journey.”
“We are in a constant endeavour to make travelling more comfortable and convenient for the end users of IRCTC. This MoU will play an important role in allowing our patrons to plan every aspect of their travelling – Rail, Bus, Air,Sea as well as Accommodation.”
IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provie catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. The Government of India held 62.40% stake in the company, as on 30 June 2023.
IRCTC's net profit fell 5.4% to Rs 232.22 crore in Q1 FY24 as compared with Rs 245.52 crore in Q1 FY23. Revenue from operations increased 17.5% year on year (YoY) to Rs 1,001.79 crore in the quarter ended 30 June 2023.
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