IRCTC gains 2% on joining hands with DMRC, CRIS for 'One India-One Ticket' initiative

So far this year, shares of IRCTC jumped over 16 percent, outperforming 11 percent rise in the benchmark Nifty 50 index

Shares of Indian Railway Catering and Tourism (IRCTC) rose by 2 percent to Rs 1,041 per share on July 11, following a collaboration between the Delhi Metro Corporation (DMRC) and the Centre for Railway Information Systems (CRIS) to promote the 'One India-One Ticket' initiative. This initiative aims to improve the travel experience for Main Line Railway and Metro passengers in the Delhi National Capital Region.

So far this year, shares of IRCTC jumped over 16 percent, outperforming 11 percent rise in the benchmark Nifty 50 index. Earlier, IRCTC had hit 52-week high of Rs 1,148 per share on May 22, 2024.

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With this new facility, Delhi Metro Rail QR Code-based tickets can now be booked via the IRCTC website and mobile app, with a full version launch expected soon. These Metro tickets, bookable up to 120 days in advance and synchronized with Indian Railways' Advance Reservation Period (ARP), are valid for four days, simplifying travel planning for passengers.

A QR code for each passenger will be printed or available in the Electronic Reservation Slip from IRCTC. Currently, single-journey tickets for the Delhi Metro can only be booked on the day of travel and are valid for the same day.

This initiative allows DMRC-IRCTC QR code-based tickets to be synchronized with Indian Railways' ARP, enabling passengers to book Metro tickets up to 120 days in advance. These Metro tickets will be valid for a single journey over a four-day period, starting from the day before the DMRC journey date, the travel date itself, and the two days following the journey date.

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This joint effort will enhance the travel experience for railway passengers by allowing them to book Delhi Metro tickets at the rail ticket confirmation page, integrating it with either the source or destination station in the Delhi/NCR region, according to IRCTC.

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