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IRCTC Shares Surge on Catering Policy Change | Stock Market News
Updated: November 21, 2023 04:09 PM IST
The stock of state-run IRCTC has surged after the Railways Ministry announced certain changes to its catering policy. The new policy will allow IRCTC to go for long-term tenders for a period of seven years, subject to satisfactory performance in the initial five years. This is expected to boost IRCTC's revenues and profits.
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