IRCTC And IRFC

Technical outlook on railway-related stocks: Charts show that IRCTC, RailTel, Ircon, RVNL and RITES are testing 200-DMAs; a breakout can trigger fresh rally at these counters. Check key levels here

The Indian Railway Catering and Tourism Corporation Limited is all set to develop a tent city at Prayagraj coinciding with next year's Mahakumbh Mela. Sanjay Kumar Jain, Chairman and Managing Director of IRCTC, said the 'Maha Kumbh Gram' will be a transformative addition to the pilgrimage and tourism landscape combining luxury accommodation and a cultural immersive experience in a way that celebrates India's spiritual diversity. "Our Objective is to provide an accessible, comfortable and enriching experience for all visitors", Jain said in a statement. The company, a public sector undertaking of the Railway Ministry, said it has expertise in mass-scale pilgrimage tourism and extensive hospitality services over a nationwide rail network with domain experience of successfully managing 6.5 lakh plus customers to date on the Aastha and Bharat Gaurav Trains. "IRCTC is uniquely positioned to make Kumbh Gram an unparalleled spiritual and cultural destination," the company said. It added

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According to the government's plan, its borrowing arm, IRFC, was to get listed in November 2017, while IRCTC in January 2018