National News

IRCTC announces appointment of independent directors on its board

The central government has approved the appointment of Vinay Kumar Sharma and Namgail Wangchuk as independent directors on the board of IRCTC

PSU Watch Bureau

New Delhi: Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Miniratna PSU under the Ministry of Railways, on Wednesday announced the appointment of independent Directors on its Board. According to the company, Vinay Kumar Sharma and Namgail Wangchuk have been appointed on the board of IRCTC.

In a regulatory filing to the stock exchanges, IRCTC informed that the Ministry of Railways has conveyed that the President of India has approved the appointment of Vinay Kumar Sharma and Namgail Wangchuk as Independent Directors on the Board of IRCTC for a period of three years with immediate effect or until further orders, whichever is the earliest.

IRCTC is a Miniratna PSU that provides ticketing, catering, and tourism services for the Indian Railways. It was initially wholly owned by the government and operated under the administrative control of the Ministry of Railways but has been listed on the National Stock Exchange since 2019, with the government continuing to hold majority ownership.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

HSL signs MoU with Pentagon Rugged Systems to develop indigenous anti-drone and long-range communication systems for naval platforms

RVNL secures Southern Railway contract for traction system upgradation in Tamil Nadu

Indian Oil's Niranjan Bhalerao going to be next Director (Finance) of GRSE

Air India pays compensation to 2/3rds of June 12 crash victims

Tata Steel receives Rs 1,902 crore demand notice over 'shortfall' in mineral dispatch from Odisha block