Another investor video from a high quality channel.
Disc: Not invested and not tracking either.
We have planned Rs 100-cr capex this year: Rajni Hasija, IRCTC
Decision on resumption of normal train services soon, says Rajni Hasija, CMD, IRCTC.
Positive news for irctc
Will it take away passenger traffic from Airlines?
Article about IRCTC;s partnership with tata motors
In Bangalore railway station more than 75% of food points are under irsdc (Indian Railway Stations Development Corporation Limited).
Anyone can explain this. What would be the impact of this on IRCTC.
IRSDC is mostly entrusted with developing/re-developing railway stations along with IRCON (who owns 26% in IRSDC). Ideally, IRCTC should operate the Food Points.
However, it gets tricky as One of the Objectives from IRSDC site mentions that they are open to owning, operating and leasing.
Main Objectives of the IRSDC
1. To develop/ re-develop the existing/new railway station (s) which will consist of upgrading the level of passenger amenities by new constructions/renovations including re-development of the station buildings, platform surfaces, circulating area, etc., to better standards so as to serve the need of the passengers.
2. To undertake projects for development of real estate on Railway/ Government land and its commercial utilization as may be required in connection with development of railway stations.
3. To undertake projects including planning, designing, development, construction, improvement, commissioning, operation, maintenance, and financing of projects and various services relating thereto including marketing, collecting revenues, etc. relating to railway stations and railway infrastructure and all matters relating thereto.
4. To carry on any railway infrastructure work including development of railway stations on Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), Build-Lease-Transfer (BLT), etc. or otherwise or any other scheme or project found suitable in and related to the field of railway station infrastructure projects and other ancillary fields that may be assigned to or secured by the Company on its own or through its holding company or subsidiary(ies) including financing of those projects and their services including commissioning, operation, maintenance, etc., as well as marketing, collecting revenues, etc.
On a separate note, I tried searching but couldn’t find who owns Railway Stations. I know IRFC is into rolling stock mostly. But whose balance sheet accounts for Railway Stations in their assets?
Old news but still valid. A big negative if it happens
IRCTC Revenue/Profit Breakup for last for last 4 years!
(Disclaimer: Not Invested but Tracking & Planning to Invest)
IRCTC introduces major changes for online booking
Two companies bid to operate private trains; IRCTC may win three clusters
#IRCTC
Board will recommend the proposal for sub-division of Company’s equity shares subject to approval from ministry of Railways on August 12 2021.