IRCTC is on the verge of a game-changing upgrade. Find out what this means and how it could reshape the company’s future.
The Centre is considering elevating IRCTC from Miniratna to Navratna status, said CMD Sanjay Kumar Jain at a rail convention.
Navratna PSUs enjoy greater autonomy, allowing discretionary investments up to ₹1,000 crore and freedom to enter joint ventures.
Navratna status will empower IRCTC’s board to make financial decisions independently, fueling innovation and growth.
The final decision depends on a cabinet secretary meeting this week, as shared by IRCTC CMD Jain.
The upgrade could boost investor confidence as IRCTC gains financial independence to execute major projects.
IRCTC’s Navratna status could unlock a new chapter of growth, strengthening its position as a key PSU in India. Source – The Economic Times