IRCTC, IRFC upgraded to Navratna status

New Delhi: 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 Rs 4,270.18 crore, PAT (profit after tax) of Rs 1,111.26 crore and a net worth of Rs 3,229.97 crore for FY 2023-24, the press note said.

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It added, “IRFC ( Indian Railway Finance Corporation) is a Ministry of Railways CPSE with an annual turnover of Rs 26,644 crore, PAT of Rs 6,412 crore and a net worth of Rs 49,178 crore 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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