IRCTC to share 50% revenue from convenience fee with Indian Railways

The revenue-sharing arrangement would be enforced from November 1, IRCTC said in a regulatory filing on October 28, along with other details.

BS Web Team New Delhi

The central public sector enterprise (CPSE), which comes under the Ministry of Railways, is expected to announce its quarterly results on November 1

The company that provides ticketing and catering to the Indian Railways has been asked by the government to share revenues generated from convenience fees for bookings made on its website on a 50:50 basis. 
The Indian Railways Catering and Tourism Corporation's (IRCTC) revenue-sharing arrangement would be enforced from November 1, it said in a regulatory filing on October 28, along with other details. 
"ln compliance with the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015, it is to be informed that Ministry of Railways vide above-referred letter has conveyed its decision to share the revenue earned from convenience fee collected by IRCTC in the ratio of 50: 50 w.e.f 1't November 2021," IRCTC stated in the filing.

Also Read

IRCTC posts Q1 profit at Rs 82 cr, board approves 1:5 stock split

IRCTC's stock rally has more steam left; buy on every dip, suggest analysts

Explained: Why IRCTC wants a partner for its premium train operations

IRCTC's payment gateway gains traction, handles 125,000 transactions daily

IRCTC's Q4 net profit falls 23%; firm to pay dividend of Rs 5 per share

SC quashes high court order, denies Rs 923 cr GST refund to Airtel

Tata Motors unveils 21 commercial vehicles for cargo, passenger verticals

IndiGo parent posts wider quarterly loss as airline's fuel expenses soar

WhiteHat Jr's music lessons for all ages; customised course for 18-plus set

Business leaders feel pressured to offer more flexibility post-Covid: Study

First Published: Oct 28 2021 | 7:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to