Shares of Indian Railway Catering and Tourism Corporation Limited (IRCTC), the Miniratna Central Public Sector Enterprise authorized by Indian Railways for online railway tickets, witnessed a 2 percent jump following the announcement of its extensive expansion in the Non-Railway Catering Business pan India.
As of 11:25 a.m, IRCTC shares were trading at Rs. 791.60, reflecting a 1.75 percent increase from the previous day’s closing price of Rs. 777.95, with a market capitalization of Rs. 63,408 Crores.
IRCTC is strategically positioning itself for a significant expansion in the Non-Railway Catering Business throughout India. Currently managing catering services for various Ministries, Government Departments, Autonomous Bodies, including the Judiciary and Universities, IRCTC aims to further solidify its presence in the catering sector. The company has already entered into Memorandums of Understanding (MoUs) with several governments and autonomous bodies, including defense establishments like the Border Security Force, Indian Maritime University (Kolkata), Cotton University (Guwahati), among others.
At 3:24 pm, IRCTC shares continued their positive trend, trading 1.72 percent higher at ₹791.35. The company is actively commissioning 15 additional catering units across the country, engaging in discussions with various government organizations and industrial houses to set up catering units. IRCTC aspires to offer comprehensive catering solutions, aligning with its vision of becoming a premier brand in Hospitality and Catering in the country.
