Last Updated: Thursday, January 2, 2014, 10:21
Bans on iron ore mining and exports in top producing states of Karnataka and Goa have choked the industry so hard that MMTC is one of many firms exiting.
Last Updated: Thursday, January 2, 2014, 07:36
Top trader MMTC`s $80 million iron ore export terminal, ready since 2010, has never handled a cargo. Now the company wants to spend $16 million to convert the terminal to ship coal.
Last Updated: Friday, December 27, 2013, 18:12
The Central Bureau of Investigation (CBI) has arrested two persons in connection with alleged irregularities in gold imports, a senior official on Friday said.
Last Updated: Tuesday, December 17, 2013, 19:13
State-owned Food Corporation of India (FCI) is expecting to earn more than Rs 3,400 crore from wheat exports in the current fiscal.
Last Updated: Wednesday, November 6, 2013, 19:07
Gold imports are likely to decline by 41 percent to 500 tonnes this financial year on account of curbs imposed by government, a top MMTC official said Wednesday.
Last Updated: Monday, August 19, 2013, 18:07
About Rs 343 crore of state-owned trading firms MMTC and PEC is stuck with the crisis-ridden National Spot Exchange which has to settle nearly Rs 5,400 crore with 148 entities including many brokerage firms.
Last Updated: Thursday, June 13, 2013, 09:45
The indicative price was Rs 60.88 apiece, higher than the base or minimum offer price of Rs 60 a share.
Last Updated: Wednesday, June 12, 2013, 18:07
The government has decided to sell 9.33 percent stake in MMTC Thursday and has fixed the floor price at Rs 60 apiece, which will fetch the exchequer about Rs 600 crore.
Last Updated: Wednesday, June 12, 2013, 17:49
Shares of MMTC on Wednesday gained nearly 3 percent on the BSE, outperforming a weak stock market ahead of the company's stake sale through offer for sale Thursday.
Last Updated: Tuesday, June 11, 2013, 20:14
"The EGoM is scheduled to meet tomorrow to derive at the base price for divesting 9.33 percent stake in MMaTC," an official said.
Last Updated: Wednesday, May 15, 2013, 18:47
The company had refined 55 tonne of gold and 15 tonne of silver in the last fiscal.
Last Updated: Tuesday, May 14, 2013, 18:42
The stake sale, which was originally slated to take place in March, was then deferred until the April-June quarter on valuation concerns.
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