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.

06 Aug 2021

61.05

-0.39%

MMTC seeks time till August 31 from exchanges for financial results

Business Standard

MMTC said it has requested stock exchanges to extend time limit up to Aug 31 for holding meeting of audit committee and Board of Directors for consideration and approval of audited financial results

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

03 Jan 2021

61.05

-0.39%

Commerce Ministry seeks financial aid from FinMin for MMTC's VRS scheme

Business Standard

The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said. According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry. The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said. The ministry is hopeful that the Finance Ministry would consider the proposal positively, the sources said. In July last year, MMTC's board had approved the VRS proposal for its employees.

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

24 Apr 2020

61.05

-0.39%

Government completes disposal of 35,857 tons of imported onions

Business Line

The Government has completed the disposal of 35,857 tonne of onion, imported by state-owned MMTC in 2019 to check spiralling domestic prices, accordi

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

16 Feb 2020

61.05

-0.39%

MMTC Q3 net profit falls 62% to Rs 12.48 cr

Business Line

State-owned mining and metals firm MMTC has reported a 62.11 per cent fall in its consolidated net profit to Rs 12.48 crore for the third quarter end

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

10 Feb 2020

61.05

-0.39%

Now, onions bring tears to govt agencies

Business Line

MMTC, Nafed plan distress sale of yellow bulbs imported from Turkey

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

30 Dec 2019

61.05

-0.39%

Govt to create 1 lakh tons of onion buffer stock in 2020

Economic Times

The govt had created a buffer stock of 56,000 tonnes for the current year but it was not sufficient to contain the prices which are still ruling above Rs 100 per kg in most cities across the country. As a result, the govt was compelled to import through state-run MMTC. Cooperative Nafed, which had maintained the buffer stock of onion on behalf of the govt, will continue to do so next year.

MMTC Ltd. is trading below all available SMAs

Govt to create 1 lakh tons of onion buffer stock in 2020

Moneycontrol | 30 Dec 2019

MMTC Ltd.

27 Dec 2019

61.05

-0.39%

Retail onion price at eye-watering Rs 150/kg; imports underway

Moneycontrol

State-owned MMTC, which is importing the key kitchen staple on behalf of the government, has contracted 49,500 tonne of onion so far. Some shipments will arrive next month.

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

19 Dec 2019

61.05

-0.39%

Additional onion imports from Turkey to ease prices

Business Line

As onions prices continue to rule above the 100/kg mark across many cities, the Centre has contracted additional imports from Turkey.State-run MMTC

MMTC Ltd. is trading below all available SMAs

MMTC to import additional 12,500tn onion from Turkey

Moneycontrol | 19 Dec 2019

MMTC Ltd.

13 Dec 2019

61.05

-0.39%

Govt further extends relaxed fumigation norms on imported onions till January

Moneycontrol

MMTC has contracted to import about 30,000 tonnes of onions so far. Of this, 12,660 tonnes will reach India from December 27 onwards.

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

12 Dec 2019

61.05

-0.39%

Govt contracts import of additional 12,660 tonnes of onions

Moneycontrol

In a statement, the Consumer Affairs Ministry said it has directed state-owned trading agency MMTC to issue fresh tenders for additional 15,000 tonnes of onions (three new tenders of 5,000 tonne each) on Thursday.

MMTC Ltd. is trading below all available SMAs

Is MMTC Ltd. worth buying?

538 Votes:

Buy 73.79%

Sell 14.5%

Hold 11.71%

30.77% 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.