Quick Answer: Is Irctc A PSU?

Is Privatisation of railways good for India?

Pros of Privatization of Indian Railways Given this, a strong argument in favour of privatization is that it will lead to better infrastructure which in turn would lead to improved safety, reduction in travel time, etc..

Is Railway a PSU?

Over two years ago, the government had approved listing five railway PSUs — IRCON International, RITES, Rail Vikas Nigam, IRFC and IRCTC.

Is Irctc a government company?

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, Government of India.

Is Irctc stock worth buying?

IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apiece for five months. IRCTC share: Analysts are positive on the prospects of the share as it trades 29% below its record high of Rs 1,995 reached on February 25 this year. … Since then, IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apiece …

Who owns Tejas private train?

Lucknow – New Delhi Tejas Express, which was inaugurated on 4 October 2019, is India’s first train operated by private operators, IRCTC, a subsidiary of Indian Railways. The Ahmedabad-Mumbai Tejas express, also operated by IRCTC was inaugurated on the 17 January, 2020.

How does Irctc make money?

IRCTC is a miniratna profit-making Central Public Sector Unit. IRCTC gets most of its money from the catering services. Catering contributes 55% to IRCTC Total Revenue. Travel and tourism offers 23.3%, e-ticketing contributes nearly 13% and packaged water about 9%.

Who is promoter of Irctc?

PREMARKETShareholding Pattern – Indian Railway Catering & Tourism Corporation Ltd.Promoters13984000087.4%ForeignInstitutions14011530.88%NBanksMutualFunds15510460.97%Others14736160.92%5 more rows

Who is the founder of Irctc?

Ministry of RailwaysIndian Railway Catering and Tourism Corporation/Founders

Which is the biggest PSU in India?

5 Top Public Sector Companies in IndiaIndian Oil Corporation Ltd. (BSE: 530965, NSE: IOC)Bharat Petroleum Corporation Ltd. (BSE: 500547, NSE: BPCL)State Bank of India (BSE: 500112, NSE: SBIN)Hindustan Petroleum Corporation Ltd. (BSE: 500104, NSE: HINDPETRO)Oil & Natural Gas Corporation Ltd. (BSE: 500312, NSE: ONGC)

Is Indian Oil a PSU?

Indian Oil Corporation Limited (IOCL), d/b/a IndianOil is an Indian public sector oil and gas company headquartered in New Delhi….Indian Oil Corporation.The Energy of IndiaTypePublic Sector UndertakingTotal equity₹1,555 crore (US$220 million) (2019)OwnerGovernment of India (52.1%)Number of employees33,498 (2019)15 more rows

Is Irctc a loss?

Indian Railway Catering and Tourism Corporation, which handles the catering, tourism and online ticketing operations of Indian Railways, is running at a loss for the first time since its inception in 2002, according to director of tourism and marketing Rajni Hasija.

Is Irctc booking started?

Details here. Days after the Ministry of Railways announced 40 pairs of new special trains (80 trains), the train reservation went live today. These special trains will start running from 12 September.