The Union on Monday accorded Navaratna status to Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC).With this,the IRCTC and IRFC has become the 25th and 26th Navartna among Central Public Sector
Enterprises respectively.
A Southern Railway release here said the Government has approved the upgradation of IRCTC to Navratna CPSE,
making it the 25th Navratna among CPSEs.
IRCTC is a Ministry of Railways CPSE with an annual turnover of Rs 4,270.18 crore, PAT of Rs 1,111.26 crore and a net worth of Rs 3,229.97 crore for FY 2023-24.
It said the Government also approved the upgradation of IRFC to Navratna CPSE, making it the 26th Navratna among CPSEs.
IRFC 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.
