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An announcement from Indian Railway Catering & Tourism Corp. Ltd. ( (IN:IRCTC) ) is now available.
Indian Railway Catering & Tourism Corporation Ltd. announced an update regarding a continuing litigation with Brandavan Foods Pvt. Ltd., Satyam Caterers, and R.K. Associates. The latest court decision restored the Arbitral Award concerning the claimant’s claim for the cost of a second regular meal, while setting aside the interest on the principal amount. This legal development will not impact the company’s operations or activities, and details have been disclosed in their annual report and previous updates to the exchanges.
More about Indian Railway Catering & Tourism Corp. Ltd.
Indian Railway Catering & Tourism Corporation Ltd. operates in the travel and tourism industry, providing catering, hospitality, and online ticketing services. It primarily serves the Indian railway network by offering food services, tourism packages, and e-ticketing solutions to passengers across the country.
YTD Price Performance: -7.02%
Average Trading Volume: 91,146
Current Market Cap: 588.3B INR
Learn more about IRCTC stock on TipRanks’ Stock Analysis page.
