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The Indian Railway Catering and Tourism Corporation (IRCTC) has partnered with the Delhi Metro Rail Corporation (DMRC) and the Centre for Railway Information Systems (CRIS) to introduce the 'One India - One Ticket' initiative. This new plan aims to make public transport more convenient for passengers traveling in the Delhi/NCR region.
Key Features of 'One India - One Ticket'
1. Advance Booking: Passengers can now book Delhi Metro tickets up to 120 days in advance, similar to the booking period for Indian Railways.
2. Extended Validity: Metro tickets will remain valid for four days, offering more flexibility to travelers.
3. Seamless Integration: Railway passengers can book Delhi Metro tickets along with their train tickets, either at the starting or destination station within Delhi/NCR.
4. Flexible Cancellations: The system allows for easy cancellations, enhancing convenience for users.
When a railway passenger buys a DMRC ticket, a DMRC QR code will be printed on or available in their IRCTC electronic reservation slip. The full version of the IRCTC-DMRC QR Code Ticket will be launched soon after the successful testing of the beta version. This initiative is expected to reduce queuing times at Metro stations and promote digitalization in India's transportation sector.
Enhancing Travel Experience
On July 14, the beta version of the Delhi Metro Rail QR Code-based ticket was launched. This allows railway passengers to book DMRC QR code tickets on the IRCTC website and the Android version of their mobile app. The full version will follow soon after successful testing.
According to Sanjay Kumar Jain, CMD of IRCTC, and Dr. Vikas Kumar, MD of DMRC, the initiative aims to make travel more seamless for passengers. "On the success of the Beta Version, the regular version of IRCTC-DMRC QR Code Ticket will be launched soon after," they said.
A DMRC spokesperson added, "Currently, single journey tickets for the Delhi Metro can only be booked on the day of travel with same-day validity. With this facility, DMRC-IRCTC QR code-based tickets will be synchronized with Indian Railways' Advance Reservation Period (ARP), allowing passengers to book Metro tickets up to 120 days in advance."
Benefits for Passengers
The collaboration aims to enhance the travel experience for railway passengers by allowing them to book Delhi Metro tickets at the rail ticket confirmation page, combining it with either the source or destination station in the Delhi/NCR region. Passengers can also book Delhi Metro tickets at a later stage via the booking history page. Flexible cancellations have also been ensured.
This joint initiative will save valuable time for rail passengers at DMRC stations by avoiding long queues while purchasing Metro tickets. "Once the DMRC ticket is purchased by the railway passenger, one DMRC QR code per passenger will be printed or available in the Electronic Reservation Slip of IRCTC," the spokesperson further added.
Market Impact
IRCTC shares closed 0.63% lower at Rs 1021.40 on Wednesday against the previous close of Rs 1027.85 on BSE. The market cap of the firm stood at Rs 81,712 crore. Over the past year, gains from the stock have risen by 66%.
Technical Aspects
IRCTC stock has a one-year beta of 1.2, indicating high volatility. A total of 1 lakh shares of the firm changed hands, amounting to a turnover of Rs 10.23 crore on BSE. In terms of technicals, the relative strength index (RSI) of IRCTC stands at 52.2, signaling it is trading neither in the overbought nor in the oversold territory. IRCTC stock is trading higher than the 5-day, 10-day, 100-day, 150-day, and 200-day moving averages.
The 'One India - One Ticket' initiative by IRCTC, DMRC, and CRIS is set to revolutionize travel in the Delhi/NCR region, making it easier and more convenient for passengers. This collaborative effort not only enhances the travel experience but also promotes digitalization in India's transportation sector.
