The Indian Railway Catering and Tourism Corp. (IRCTC) is strategizing to broaden its presence in non-railway catering ventures. The corporation has entered into agreements with diverse government and autonomous entities to establish catering units.
“With aggressive plans to further mark its signature in catering business and customising to the requirements of clients, IRCTC has already signed MoUs (Memorandum of Understanding) with various government and autonomous bodies, including defense establishments,” a company release said on Wednesday.
The company is currently in the process of launching an additional 15 catering units nationwide as part of its endeavor to establish itself as a leading brand in hospitality and catering, stated the MiniRatna public sector unit.
IRCTC offers catering, tourism, and ticket-booking services for Indian Railways. Additionally, it has expanded its services to include e-ticketing for bus travels and flights.
During the September quarter, the company achieved its all-time highest net profit, reaching INR 294.67 crore.
The catering segment generated revenue of INR 431.5 crore, while online ticketing contributed INR 327.5 crore, together constituting three-quarters of the total revenue of INR 995.3 crore.