MMTC - 10 things to know with detail
- 1. MMTC stands for Metals and Minerals Trading Corporation of India, a public sector undertaking under the Ministry of Commerce and Industry, Government of India.
- 2. MMTC was established in 1963 to facilitate the export and import of minerals and metals in India. It is one of the largest trading companies in India and plays a crucial role in international trade.
- 3. MMTC is involved in trading a wide range of commodities including precious metals like gold and silver, non-ferrous metals like copper and aluminum, and minerals like coal and iron ore.
- 4. MMTC also has a presence in the agricultural sector, trading in commodities like wheat, rice, sugar, and pulses. It plays a vital role in ensuring food security in the country.
- 5. MMTC is involved in both domestic and international trade, facilitating imports and exports for Indian businesses. It also acts as a marketing agent for various government agencies.
- 6. MMTC has a network of offices and representatives in India and abroad, enabling it to establish strong trade relationships with countries across the globe.
- 7. MMTC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. It is a profitable company with a strong financial track record.
- 8. MMTC has been recognized for its contribution to the Indian economy and has received several awards and accolades over the years for its excellence in trading and business operations.
- 9. MMTC has diversified its business interests over the years and has ventured into areas like e-commerce, retail, and infrastructure development. It continues to explore new opportunities for growth and expansion.
- 10. MMTC is committed to sustainable and ethical business practices, ensuring transparency and accountability in its operations. It aims to be a responsible corporate citizen and contribute to the socio-economic development of the country.