R765 crore. “In the past one and a half year, after the new catering policy was implemented, we have suffered a loss of around R250 crore in our catering business. However, revenues from our institutional catering, running cafes in government and private offices and sale of Rail Neer — bottled water for Indian railways — have seen a spike. From R229 crore in 2010-11, revenues increased to R250 crore in 2011-12,” the IRCTC official said.
Along with catering, IRCTC has also spruced up its online ticketing business by converting itself into a full-fledged online travel agency.