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IRCTC, IRFC obtain Navratna standing

StockWaves By StockWaves 7 Min Read
IRCTC, IRFC obtain Navratna standing


Indian Railway Catering And Tourism Company (IRCTC) has acquired Navratna standing in the present day, March 3, 2025.

By a social media announcement on X in the present day, Division of Public Enterprises (DPE) knowledgeable that the federal government has authorised the upgradation of IRCTC to Navratna CPSE, making it the twenty fifth #Navratna amongst 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 internet price of Rs 3,229.97 crore for FY 2023-24.  

Concurrently, Indian Railway Finance Corp (IRFC) additionally acquired Navratna standing in the present day, March 3, 2025.

In a separate put up on X, DPE mentioned, “The Authorities has authorised the upgradation of IRFC to Navratna CPSE, making it the twenty sixth #Navratna amongst 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 internet price of Rs 49,178 crore for FY 2023-24. 

Learn Extra: IRFC granted Navratna PSU standing

Earlier, IRCTC and IRFC had been in Miniratna class.

Ashwini Vaishnaw, Minister for Railways congratulated each the businesses and wrote, “Congratulations to crew IRCTC and crew IRFC on being upgraded to Navratna standing.”



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