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.

23 Mar 2017

61.90

1.34%

Struggling with dore imports, MMTC Pamp banks on domestic gold scrap

Business Standard

Faced with enormous difficulties in dore (unrefined gold) import, India's only LBMA (London Bullion Markets Association) accredited refinery MMTC Pamp has diverted its focus on domestic jewellery scrap collection to meet its raw material needs.The company - a joint venture between the government owned MMTC and Switzerland - based Pamp SA (the world's leading bullion refiner) - has set up its own 10 scrap collection centres across major cities. These centers have testing machines and other equipment needed for checking purity of gold content in used jewellery, these collection centres have helped MMTP Pamp recover 3 tonnes of gold through scrap jewellery so far this financial year.The move assumes significance as the government's Gold Monetization Scheme (GMS) has so far collected 6.4 tonnes of gold since its launch in November 2015. The government has pushed thousands of branches of banks at work to make GMS successful. But, the scheme is yet to see a success with just around 6 tons ..

MMTC Ltd. has gained 15.08% in the last 1 Month

MMTC Ltd.

09 Mar 2017

61.90

1.34%

ICEX readies for futures trade relaunch in diamonds

Business Standard

With completion of a second rights issue, of Rs 85 crore, the Reliance ADA Group-anchored Indian Commodity Exchange (ICEX) is ready to restart futures trading in polished diamonds by the end of this month.Final approval is needed from the Securities and Exchange Board of India (Sebi). The exchange suspended futures trading in 2014, four years after launch. It has in-principle approval from Sebi for going live.To achieve the mandatory minimum net worth criterion of Rs 100 crore, the exchange had floated a second rights issue (it concluded this week), to raise money from its existing investors. In April 2016, the exchange had raised Rs 50 crore from its shareholders; with the second round, its net worth is Rs 125 crore.However, government-owned commodity trading entity MMTC did not participate. So, after the second round, MMTC's stake is expected to decline to below 10 per cent, from the earlier 13 per cent.MMTC plans to exit the exchange business. In fact, it had divested five...

MMTC Ltd. is trading above its 100 day SMA of 60.1

MMTC Ltd.

14 Feb 2017

61.90

1.34%

MMTC gains over 7% as net profit triples in Q3

Business Standard

The stock had reached a high and low of Rs 67.60 and Rs 65.10 respectively during the day

MMTC Ltd. is trading above its 100 day SMA of 60.1

MMTC Ltd.

31 Jan 2017

61.90

1.34%

MMTC to import Rs 8,000 cr worth gold in FY18

Business Standard

Plans auction of gold collected through monetisation scheme

MMTC Ltd. has gained 15.08% in the last 1 Month

MMTC Ltd.

12 Jan 2017

61.90

1.34%

Neelachal Ispat signs mining lease pact

Business Line

Government-owned MMTC today said Neelachal Ispat Nigam has signed a mining lease agreement for iron ore, the basic raw material for operation of the company.Neelachal Ispat Nigam (NINL) is the joint...

MMTC Ltd. is trading below its 150 day SMA of 66.3

MMTC Ltd.

02 Jan 2017

61.90

1.34%

Improve OHC facilities at Vizag port : MMTC CMD

Business Line

The iron ore handling complex at the Visakhapatnam port should be upgraded to make it more efficient and address the concerns of the Japanese who import ore through the port, according to Ved...

MMTC Ltd. has gained 15.08% in the last 1 Month

MMTC Ltd.

08 Dec 2016

61.90

1.34%

MMTC Q2 net profit plunges to Rs 10.45 crore

Business Standard

Total expenses reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago

MMTC Ltd. is trading below its 150 day SMA of 66.3

MMTC Ltd.

06 Dec 2016

61.90

1.34%

With 67.4 kg gold vanishing from its vaults, Customs asked to sell confiscated gold

Business Today

Revenue department has asked Customs to take "urgent steps" to dispose confiscated gold while permitting the department to utilise the services of public sector banks, MMTC and STC, to sell the seized metal.

MMTC Ltd. is trading above its 100 day SMA of 60.1

67.4 kg gold misplaced from vaults: Customs asked to take urgent steps to sell seized gold

Business Standard | 06 Dec 2016

MMTC Ltd.

03 Dec 2016

61.90

1.34%

Govt planning to sell 15 per cent stake in MMTC

Business Standard

The government had last sold 9.33 per cent stake in MMTC to raise aboutRs 570 crore in June 2013

MMTC Ltd. is trading below its 150 day SMA of 66.3

Government Planning To Sell 15% Stake In MMTC: CMD Ved Prakash

NDTV Profit | 03 Dec 2016 1 more

MMTC Ltd.

27 Oct 2016

61.90

1.34%

MMTC ties up with major banks to retail gold coins

Business Line

Public sector major MMTC has joined hands with HDFC Bank, ICICI Bank and Andhra Bank to retail gold coins with a new buyback option.Besides its own outlets across the country, MMTC has tied up with...

MMTC Ltd. is trading above its 100 day SMA of 60.1

Is MMTC Ltd. worth buying?

517 Votes:

Buy 73.31%

Sell 14.7%

Hold 11.99%

53.03% Fall from 52W High

MMTC Ltd. News and Updates

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