MMTC News and Updates

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

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MMTC Ltd.

19 Nov 2018

59.68

-1.39%

State run trading company MMTC does a rethink, to retain equity in ICEX

Business Standard

MMTC had decided to offload its residual 9.5 per cent stake last year, marking its complete exit from the bourse

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

13 Nov 2018

59.68

-1.39%

MMTC shares surge nearly 8%

Business Line

Shares of the country's state-run trading company, MMTC Ltd, rose as much as 7.7 per cent to Rs 32.30 to their highest since October 16 as the company

MMTC has lost -30.42% in the last 6 Months

MMTC shares surge 7.7% on robust quarterly results

Economic Times | 13 Nov 2018

MMTC Ltd.

14 Oct 2018

59.68

-1.39%

Government may give Rs 2,500 crore bank guarantee for state-owned firm STC

Economic Times

The move assume significance as there was a proposal of the commerce ministry for a merger of STC and another state-owned trading firm MMTC.

MMTC has lost -30.42% in the last 6 Months

MMTC Ltd.

09 Oct 2018

59.68

-1.39%

MMTC eyes 10% gain in export earnings due to consistent rupee slump

Business Standard

MMTC is yet to feel the heat of the weakening rupee on gold imports

MMTC has lost -30.42% in the last 6 Months

MMTC Ltd.

16 Aug 2018

59.68

-1.39%

MMTC falls over 3% on weak results

Business Line

Shares of MMTC Ltd fell 3.3 per cent to Rs 32.2, their biggest percentage loss since July 16.The company had on Tuesday reported 45.17 per cent decli

MMTC Ltd. is trading below all available SMAs

MMTC Ltd.

14 Aug 2018

59.68

-1.39%

MMTC plans foray into new commodities, eyes pharma, engineering goods

Business Standard

Minor minerals are targeted for exports and will be canalised through MMTC

MMTC has lost -30.42% in the last 6 Months

MMTC Ltd.

22 Jul 2018

59.68

-1.39%

Centre unlikely to move ahead with MMTC-STC merger, says official

Business Standard

The government is unlikely to go ahead with the Commerce Ministry's proposal for merger of trading firms MMTC and STC, a senior official said. "It has been long that the Commerce Ministry forwarded the final cabinet note for the government's approval. It looks unlikely now," the official added. State Trading Corporation (STC), Project & Equipment Corporation of India (PEC) and Metals & Minerals Trading Corporation of India (MMTC) are under the administrative control of the Commerce Ministry. As per the proposal, the merger of the two trading firms would result in synergy of operations, which somewhat overlap. The ministry had also suggested that the government bear the expenses for VRS (voluntary retirement scheme) to be offered to about 600-700 employees of STC. While the government wholly owns PEC, it has about 90 per cent stake in MMTC and STC. MMTC and STC were created in 1963 and 1956, respectively. PEC Ltd was carved out of STC in 1971-72. According to industry...