IRCTC hits 52-week high amid plans to expand catering services

Indian Railway Catering and Tourism Corporation (IRCTC) shares surged 2.83 per cent to an all-time high of Rs 799.95 on Thursday after public sector undertaking said that it eyes expansion in n-railway catering business in India.

"With a team of hospitality-qualified professionals and ermous experience in planning and execution of catering projects and multiple service contracts in railways, IRCTC is w on ro to proliferate in areas of business beyond railways for promoting its brand and business across nation," IRCTC said in an exchange filing.

company said that it is managing catering services for various ministries, government departments, automous bodies, including judiciary, and universities. It has alrey set up its hospitality outlets in nine organisations, including Department of Telecommunications in New Delhi, Calcutta High Court, and UP Secretariat in Luckw, among ors.

"With aggressive plans to furr mark its signature in catering business and customise to requirements of clients, IRCTC has alrey signed MoUs with various government and automous bodies, including defence establishments such as Border Security Force, Indian Maritime University (Kolkata), Cotton University (Guwahati), and so on, while company is in active phase of commissioning 15 more catering units across country in near future," company said.

As of 11:52 am, shares of IRCTC were tring 1.65 per cent higher at Rs 790.80 on NSE.