Shares of Indian Railway Catering and Tourism Corporation were trading in the red and 2% lower on 6 March despite the company announcing signing an MoU with delivery giant Swiggy to provide pre-ordered meals to Indian Railways passengers.

In its regulatory filing, the company said, “A Memorandum of Understanding (MoU) has been signed between IRCTC and Swiggy (Bundl Technologies Pvt Ltd) to provide pre-ordered meals to passengers of Indian Railways through IRCTC e-Catering Services.”

As part of the deal, the service will initially be available at the Bengaluru, Visakhapatnam, Bhubaneswar, and Vijayawada stations. During the Proof of Concept, the number of stations will increase or decrease by mutual agreement.

Swiggy, in a statement announcing the partnership, said, “One of the challenges encountered by travellers during extended journeys is the paucity of diverse culinary options. Through this integration, passengers aboard designated trains now have the option to savour good-quality, warm meals delivered right to their seats, thereby transforming their travel into a convenient and delightful culinary experience.”

Sanjay Kumar Jain, chairman and managing director of IRCTC, said that the company’s main focus has always been to explore new ways to make the train journey more convenient and comfortable for all the passengers aboard the Indian railways every year.

At 3:30 pm, the shares of IRCTC closed 0.78% lower at Rs 928.50 on NSE.