Zomato Shares Reach 52-Week High After Partnership With IRCTC For Pre-Ordered Meal Delivery

After the meal delivery app firm announced a deal with Indian Railways Catering and Tourism Corporation (IRCTC) to enhance food service alternatives for its consumers, shares of Zomato were trading higher in early session and reached a new 52-week high.

In the initial phase, Zomato will provide and distribute preordered meals via IRCTC’s online catering service at five train stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.

This is to inform you that IRCTC has partnered with M/s. Zomato Limited for the supply and delivery of pre-ordered meals through IRCTC’s E-catering portal as a Proof of Concept (PoC) in the first phase at five Railway stations, namely New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi, according to a filing with the stock exchange.

The railroad catering business is planning unique services and deals for its patrons in advance of the celebrations. The catering division of IRCTC has introduced special Navratri thalis in response to the unique needs of fasting passengers.

In order to facilitate MSRTC’s online bus booking services via IRCTC’s bus booking portal/website, the business and Maharashtra State Road Transport Corporation (MSTRC) inked a contract in September.