Indian Railway Catering And Tourism Corporation Limited
Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking waterat railway stations and trains in India
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Company received fines from exchanges for board composition non-compliance. The Board noted this was beyond control, citing prior communication with the Ministry of Railways, and will continue urging the Ministry to expedite director appointments.
IRCTC's board has approved initiating winding-up proceedings against Royale Indian Rail Tours Limited (RIRTL), a 50:50 joint venture with Cox & Kings. This JV ceased operations in 2011 due to disputes and has not generated revenue or conducted business for over 13 years, with its status publicly disclosed in IRCTC's...
Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about revised Cut-off date.
IRCTC's wholly-owned subsidiary, IRCTC Payments Ltd., secured 'in-principle' authorization from the RBI to operate as an Online Payment Aggregator. This strategic development significantly strengthens IRCTC's digital payment ecosystem, paving the way for enhanced fintech offerings. It's a key business move, poised to unlock new revenue streams and expand the company's...
IRCTC has received an order from CESTAT concerning a service tax claim on renting immovable services from 2007-2011. The order specifies a total demand of ₹6.79 Cr, which includes an equivalent penalty amount. The company views this demand as litigative and plans to appeal the decision at a higher forum....