IRCTC & IRFC Upgraded to Navratna Status
Mar 03, 2025 16:21
IRCTC and IRFC have been upgraded to Navratna status by the Indian government. The Railway Minister congratulated both CPSEs on this achievement.
New Delhi, Mar 3 (PTI) The government has approved the upgradation of IRCTC and IRFC to Navratna Central Public Sector Enterprises on Monday, an official statement said.
Indian Railway Catering and Tourism Corporation (IRCTC) is a Ministry of Railways CPSE with an annual turnover of ?4,270.18 crore, PAT (profit after tax) of ?1,111.26 crore and a net worth of ?3,229.97 crore for FY 2023-24, the press note said.
It added, IRFC ( Indian Railway Finance Corporation) is a Ministry of Railways CPSE with an annual turnover of ?26,644 Cr, PAT of ?6,412 Cr and a net worth of ?49,178 Cr for FY 2023-24.
Congratulating both the CPSEs, Railway Minister Ashwini Vaishnaw posted on X, Congratulations to team IRCTC and team IRFC on being upgraded to Navratna status.
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