MMTC Ltd. News and Updates

Keep track of all breaking news on MMTC Ltd. from all sources in a single place.

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MMTC Ltd.

09 Nov 2017

63.96

-0.53%

State agencies to import onions

Business Line

The Centre on Thursday allowed State-run agencies such as Nafed and MMTC to import onions to moderate the prices. The decision was taken after a meeting of the Price Stabilisation Fund Management...

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

07 Nov 2017

63.96

-0.53%

MMTC climbs 17% on merger reports

Economic Times

According to the report, the government would bear the expenses for VRS.

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

31 Oct 2017

63.96

-0.53%

MMTC to sell 26% equity of Sical Iron Ore Terminals

Business Standard

This is the second joint venture (JV) company where MMTC is completely exiting its stake.

MMTC Ltd. is trading above its 200 day SMA of 63.5

MMTC Ltd.

02 Oct 2017

63.96

-0.53%

MMTC to tie up with NMDC for iron ore exports to Japan, South Korea

Business Standard

2.6 million tonnes to be exported each year

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

13 Aug 2017

63.96

-0.53%

Govt orders study on future structure of MMTC, STC, PEC

livemint

After the study is done, the commerce ministry will take a final view at whether it will close or merge MMTC, STC and PEC

MMTC Ltd. is trading below its 30 day SMA of 67.6

Govt orders study on future structure of trading firms MMTC, STC, PEC

Business Standard | 13 Aug 2017

MMTC Ltd.

01 Aug 2017

63.96

-0.53%

MMTC entering jewellery retail and warehousing to double revenues in 5 yrs

Business Standard

Consultancy firm KPMG has identified 8 key focus areas for the country's largest trading company

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

20 Jul 2017

63.96

-0.53%

Soon, MMTC to auction Rs 1,700 cr worth of gold from monetisation scheme

Business Standard

Of the 7 tonnes of gold collected under GMS, 6 tonnes are slated to be auctioned

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

05 Jul 2017

63.96

-0.53%

Govt plans to merge smaller trading firms with MMTC

Business Standard

After the oil, defence and construction sectors, the government is likely to consider merging of state-owned companies in the trading space. Officials said a proposal to wind up State Trading Corporating and PEC, and merging their assets with the bigger MMTC, could be considered. MMTC is the largest exporter of minerals from India and also the country's largest bullion trader. A formal cabinet note on the proposal could be initiated as early as this month. All three companies come under the commerce & industry ministry. STC and PEC are engaged in export and import of multiple commodities in bulk -- rice, wheat, sugar, pulses, edible oils, fertiliser, coal, bullion, wheat, sugar, pulses and more. STC was set up in 1956, primarily at the time to undertake trade with East European countries, beside supplementing private trade and industry in developing of export. PEC was incorporated as 'The Project and Equipment Corporation of India Limited' in 1971, as a subsidiary of STC, to...

MMTC Ltd. is trading below its 30 day SMA of 67.6

MMTC Ltd.

23 Jun 2017

63.96

-0.53%

MMTC floats tenders for pig iron exports by NINL

Business Standard

State run trading company MMTC Ltd has invited global tenders from interested overseas buyers for exports of non-alloy pig iron. The pig iron has been produced by public sector steel company Neelachal Ispat Nigam Ltd (NINL) where MMTC is the largest equity holder.The exports of pig iron of up to 30,000 tonnes would be canalised through MMTC. The material is to be shipped through the Paradip port. In last fiscal, NINL produced 0.51 million tonnes of pig iron and sold 0.5 million tonnes (mt).In the first two months of 2017-18, NINL's pig iron sales has not matched its production. In April, the steel maker produced 55,949 tonnes of pig iron but managed to sell 29,949 tonnes. Likewise, NINL sold 38270 tonnes of pig iron against its production of 58,283 tonnes. NINL produces both basic and foundry grades of pig iron.NINL has become the country's largest exporter of saleable pig iron since 2004-05 . Pig iron and LAM (low ash metallurgical) coke produced by NINL has established its...