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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27 Sep 2016

85.77

5.75%

Economic Times

If any of the RPT do not meet the arm's length standard set by income tax act than the company could face consequences related to transfer pricing norms.

MMTC Ltd. is trading above all available SMAs

MMTC Ltd.

22 Aug 2016

85.77

5.75%

Buy MMTC, target Rs 44.5 : Microsec Capital

Economic Times

Buy MMTC Ltd. at a price target of Rs 44.5 and a stop loss at Rs 48.5 from entry point

MMTC Ltd. has gained 68.51% in the last 3 Months

MMTC Ltd.

13 Jul 2016

85.77

5.75%

Government to import 2 million tonnes of urea to meet kharif demand

Economic Times

NEW DELHI: To meet the demand of fertiliser in the ongoing kharif season, the government has contracted 2 million tonnes of urea import for delivery by the end of this month. India is dependent on urea imports as domestic output is lower than the demand. Overseas purchase is being done via three state trading enterprises - STC, MMTC and IPL. "Our urea requirement is 2.5 million tonnes for this kharif season. We have finalised imports for 2 million tonnes of urea which will reach Indian ports by the end of this month," a senior Fertiliser Ministry official told PTI. The third import tender has been floated to procure the balance 5,00,000 tonnes of urea, the official said. Till last week, farmers had sown kharif crops like paddy and pulses in 40.6 million hectare. Though the acreage was down compared to the year-ago period, good rains in most parts have boosted planting operations. Once the kharif season is over, the government will assess the urea requirement for the rabi (winter) season after discussing with the states and then place tenders for imports. Normally, urea requirement is around 3.5 million tonnes for the rabi season beginning October. Stating that country's total urea imports could come down this year, the official said, "overall, urea import is estimated to be around 7 million tonnes in the 2016-17 fiscal, much lower than 8.5 million tonnes in the last year." The imports are expected to be lower on likely increase in the domestic output of the fertiliser this year and if the...

MMTC Ltd. is trading above all available SMAs

MMTC Ltd.

07 Jul 2016

85.77

5.75%

MMTC to auction gold collected under monetisation scheme

The Financial Express

Currently, there are 46 assaying and hallmarking centres that are qualified to act as collection and purity testing centres (CPTCs) for handling gold under GMS.

MMTC Ltd. has gained 68.51% in the last 3 Months

MMTC Ltd.

14 Jun 2016

85.77

5.75%

CBEC removes special warehouse need for nominated agencies importing gold for export

Economic Times

This means RBI-authorised banks, agencies like MMTC, STC, etc, can import the quantity required by the exporters and not be bound by warehousing restrictions.

MMTC Ltd. has gained 68.51% in the last 3 Months

MMTC Ltd.

12 Jun 2016

85.77

5.75%

MMTC invites bids to import 5,000 tonnes pulses

Economic Times

The government is importing pulses through MMTC, using Price Stabilisation Fund for creating buffer stock of pulses and other essential commodities.

MMTC Ltd. has gained 34.69% in the last 1 Week

MMTC invites bids to import 5,000 tonnes of pulses

Business Line | 12 Jun 2016

MMTC Ltd.

30 May 2016, 04:31PM

85.77

5.75%

STC contracts to import 14 lakh tonnes urea at USD 214-217 per tonne

Economic Times

The country imports about 80 lakh tonnes of urea annually to meet the domestic demand. Indian Potash (IPL), MMTC and STC are the three authorised trading agencies for urea imports.

MMTC Ltd. has gained 68.51% in the last 3 Months

MMTC Ltd.

28 May 2016

85.77

5.75%

MMTC Q4 net drops 39% to Rs 23 crore

Economic Times

The Board of Directors of the company recommended a dividend of Rs 0.30 per equity share of Rs 1each for the financial year ended March 31, 2016.

MMTC Ltd. has gained 49.66% in the last 1 Month

MMTC Ltd.

24 May 2016

85.77

5.75%

TANGEDCO gets green nod for Rs 12,664-cr thermal power project

Economic Times

The proposed project requires 6.64 million tonnes per annum of coal to be imported and supplied by state-owned MMTC either from Indonesia or other country.