Tuesday, May 1, 2012

IRCTC recorded Rs 170 cr from online reservations in FY12, 35% of total revenue


According to Indian Railways Tourism and Catering Corporation (IRCTC) Managing Director, Rakesh Kumar Tondon, out of the total revenue of around Rs 500 crore earned by the firm in FY’I2, about 35 per cent, amounting to Rs 170 crore, have come from online reservations. “Its share has increased since we took a hit on our catering revenue when the railways changed its policy,” the MD said in an interview to Business Standard.
Tandon further said that currently, the allotted booking ratio between IRCTC and passenger reservation system (PRS) is 50:50. “Before the recent Tatkal scheme, it was 40:60. The PRS counters don’t have much congestion because everyone isn’t trying to book at the same time. However, from 8.00 AM to 8:10 AM, about 40,000 tickets are booked online, for which around 2 lakh people log on simultaneously. They try several times if a login attempt fails or if tickets are unavailable, which causes the congestion,” he added.

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