In order to promote international commerce in India and organise the export and import of necessary minerals and metals, the MMTC, a public sector company, was established in 1963. It trades in minerals, metals, precious metals, agricultural goods, fertilisers & chemicals, coal & hydrocarbons, and is governed by the Ministry of Trade & Industry and Government of India.
Financial Results:
MMTC Limited’s revenue in Q3FY23 rose to ₹ 763 crores. Consolidated Profit After Tax came at ₹ 98 crores in Q3FY23 showcasing a rise on an YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.