Cressanda Solutions applies to Railway Ministry for non-fare revenue proposals

22 Sep 2022 , 09:16 AM

Cressanda Solutions Limited has applied to the Ministry of Railways for Non-Fare Revenue (NFR) proposals to render comprehensive services to South-East Railway (SER), that include facilities like Wi-Fi, advertising, pick up and drop services and most of all, services of infotainment in moving trains providing preloaded multilingual content. This will include movies, news, music videos, and general entertainment through the buffer-free media Servers installed inside the Coaches. 

In addition to this, the South-East Railway has accepted Cressenda’s fees for the said proposal, making it eligible for such projects.

“This opportunity to handle NFR proposals will place Cressanda in an enviable position in the market, as its target is to serve over 2 lakh passengers daily with an annual target of 8.5 crore and more”, the company said.

Notably, Cressenda’s Revenue for these services is expected to cross Rs275 crore plus per annum, in the initial year, the company informed in a regulatory filing on Wednesday.

On Thursday early morning trade, Cressanda Solutions Ltd is currently trading at Rs40.50 per share down by Rs0.2 or 0.49% from its previous closing of Rs40.70 per share on the BSE.

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