This is being done with the intent to promote the IRCTC brand and the business across the nation.
The mini-ratna PSU is currently managing catering services for various ministries, government departments, autonomous bodies including judiciary and universities. The company has already set up its hospitality outlets in nine such organizations, including department of telecommunications in New Delhi, Calcutta High Court, UP secretariat – Lucknow and so on.
IRCTC has also signed memorandum of understanding (MoU) with various government and autonomous bodies, including defense establishments such as border security force, Indian Maritime University in Kolkata, Cotton University in Guwahati and so on. The company is in active phase of commissioning fifteen more catering units across the country in the near future.
With the objective of expanding its catering operations across the country, the company is engaged in discussions with various other government organizations and industrial houses for setting up of catering units and also offer comprehensive catering solutions.
Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways.
The company’s standalone net profit surged 30.4% to Rs 294.68 crore on 23.5% jump in net sales to Rs 995.32 crore in Q2 FY24 over Q2 FY23.
The scrip had gained 2.83% to hit the day's high at Rs 800, which is also a 52-week high for the counter.
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