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Case Code: ECON078
Case Length: 16 Pages 
Period: 2017-2019   
Pub Date: 2020
Teaching Note:Available
Price:Rs.500
Organization : Indian Railways
Industry :Utilities
Countries : India
Themes: Public-Private Partnerships/Public Policy/Government & Economy/Macroeconomic Environment
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Tejas Express: Indian Railways` Leap toward Privatization?

 
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INTRODUCTION

 
In October 2019, the Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of Indian Railways (IR), announced that a premier private train called the Tejas Express (TE) that it operated between New Delhi and Lucknow had made a profit of around Rs .7 million and revenue of nearly Rs. 37 million through ticket sales, in the first month of its operations.

The TE group of fully air-conditioned trains were India’s first semi-high speed trains and were introduced in 2017. ‘Tejas’ meant ‘sharp’ and ‘brilliance’ in many Indian languages. The TE’s had received decent feedback about its facilities and passengers felt that the on-board services were of global standards ...

 

 
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