WebApr 1, 2024 · IRCTC will be sharing its revenue with the Government. In a recent development, the Ministry of Railways has ordered the Indian Railway Catering and … WebOct 29, 2024 · Monday onwards, half the revenue that accrues to Indian Railway Catering and Tourism Corporation (IRCTC) through the convenience fee on train tickets will go to …
government asks IRCTC to share half of its convenience fees revenue
WebOct 29, 2024 · State-owned IRCTC was asked to share 50 per cent of its revenue that it earned from the convenience fee for Indian Railways bookings. The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee … WebOct 29, 2024 · The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee during FY21. In the previous financial year, it had earned Rs … how much will my roth be worth
IRCTC Ordered To Share Revenues With Govt; Will It Impact IRCTC Share …
WebIRCTC asked to restart sharing 50 pc convenience fee with Railway Ministry. In a regulatory filing on Thursday, IRCTC informed SEBI that the Railways has said the revenue-sharing arrangement would be enforced from November 1. Convenience fees charged from customers generated a sizable revenue for both IRCTC and the Railways. WebOct 29, 2024 · The IRCTC stock, which had closed at Rs 913.75 on Thursday, fell to Rs 650.10 in the first hour of trading. The intra-day swing in the share price of IRCTC wiped … WebAug 18, 2024 · IRCTC’s total revenue for FY20 was INR 2353.53 crore with a net profit of INR 528.57 crore. As of 2024, the company’s net assets are valued at US $460 million with total equity being US $ 190 million. 🔍Insights Business Model Revenue model irctc Railway indian railway railway booking booking travel. men\u0027s winter coats on sale 60