• SENSEX
    NIFTY 50
VIDEOS
Business

IRCTC to restart Tejas trains once passenger demand returns

Updated : December 07, 2020 16:35:39 IST

Mahendra Pratap Mall, CMD of Indian Railway Catering and Tourism Corporation (IRCTC), in an interview to CNBC-TV18, said the company will restart 'Tejas' trains once passenger demand returns.

“We have taken these trains on lease from Railways, so there is an annual custody charges of Rs 7 crore and there is a fixed haulage of Rs 7 crore which in any case we have to pay. In addition to that there is a variable haulage of Rs 10 lakh per day. So we break-even at an occupancy level of 68-69 percent,” he said.

On passenger traffic, he said, during Pre-COVID period the company was doing 9 lakh tickets a day, out of which 25 percent was waiting and currently it is doing 4.6 lakh tickets on average a day.

Speaking about catering business, Mall said, “Zomato and Swiggy are serving the kind of food that we serve and they have almost reached the pre-COVID level. So there may be a temporary setback but I am sure that it will come back.”

For entire interview, watch video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement