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IRCTC makes it to Fortune India Next 500 list of companies

IRCTC makes it to Fortune India Next 500 list of companies
A man looks at a notice board inside the information centre at Tundla Junction railway station in Uttar Pradesh October 24, 2012. Almost all rail operations in India are handled by state-owned organisation Indian Railways - one of the biggest and busiest rail networks in the world operating 9,000 passenger trains and transporting up to 20 million passengers every day. Indian Railways Minister Pawan Kumar Bansal will unveil the railway budget on February 26, 2013 amid speculation that the government could raise fares for the second time in two months to help mend the network's finances. Picture taken October 24, 2012. REUTERS/Navesh Chitrakar (INDIA - Tags: POLITICS SOCIETY TRANSPORT) ATTENTION EDITORS: PICTURE 23 OF 42 FOR PACKAGE 'RIDING INDIA'S RAILWAYS' SEARCH 'NAVESH RAILWAYS' FOR ALL IMAGES - RTR3E99Q

New Delhi: For the second year in a row, Indian Railway Catering and Tourism Corporation (IRCTC) has made it to the prestigious Fortune India Next 500 list of Indian companies, with the Railway Ministry PSU improving its ranking to 199 from 328 in 2015.

The awards, which recognize the outstanding contributions of the companies made during last year, will be presented on Friday (Aug. 19) as a part of Fortune India’s The Next 500 summit at Leela Palace hotel here.

Union Minister for Road Transport, Highways and Shipping Nitin Gadkari will deliver the keynote address at the function, where Jharkhand Chief Minister Raghubar Das will be the guest of honor.

The latest award for IRCTC whose total turnover rose from Rs. 1141 crore in 2014 to 15 to Rs. 1503 crore (unaudited) in 2015-2016 comes after the mini-Ratna PSU received a special prize of Scope Corporate Communication Excellence Awards 2016 for Effective and Innovative use of Digital Communication last month.

The companies finding a place in the Next 500 list are mostly mid-sized and termed as the small wonders by the magazine.

These firms drawn from various sectors like food and agri products, pharma, Information Technology, iron and steel and financial services are capable of breaking into the Fortune India 500 the magazine had said last year. (ANI)