MMTC, a state owned trading company, would achieve the turnover target of Rs 40,000 crore during 2013-14 set by the Government. The company expects its turnover to increase by about 40% to Rs 40,000 crore in the current fiscal. This has been possible because of the significant increase in agro, hydrocarbon and mineral business.
In the first three months of the current fiscal, the state-owned firm’s turnover rose 58% year-on-year to Rs 9,709 crore. In the last fiscal, the company reported a net loss of Rs 70.62 crore due to 57% decline in total revenues at Rs 28,598 crore compared to the previous fiscal.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
In the first three months of the current fiscal, the state-owned firm’s turnover rose 58% year-on-year to Rs 9,709 crore. In the last fiscal, the company reported a net loss of Rs 70.62 crore due to 57% decline in total revenues at Rs 28,598 crore compared to the previous fiscal.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
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