Indian Railway Catering & Tourism Corporation Ltd - I R C T C Share Price

Summary

Indian Railway Catering and Tourism Corporation Limited (IRCTC) was incorporated as a Public Limited Company on September 27, 1999, under Companies Act, 1956. The Company received Certificate for Commencement of Business on December 2, 1999. As a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways, IRCTC is the only entity authorized by Indian Railways to provide catering services to railways, offer online railway tickets and ticket booking services and deliver packaged drinking water at railway stations and trains in India. The Company were incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through public-private participation. It was conferred the status of Mini - ratna (Category-I Public Sector Enterprise) by the Government of India, on May 1, 2008.The Company operates one of the most transacted websites, www.irctc.co.in, in the Asia-Pacific region with transaction volume averaging 25 to 28 million transactions per month during the five months ended August 31, 2019. It has also diversified into other businesses, including non-railway catering and services such as e-catering, executive lounges and budget hotels, which are in line with its objective to build a one stop solution for its... Read More