MMTC

MMTC Ltd., incorporated in 1963 to facilitate India's foreign trade and manage the export and import of essential minerals and metals, is a Government of India enterprise operating under the Ministry of Commerce and Industry. The company engages in international trading across several segments including minerals, metals, precious metals, agro products, fertilizers and chemicals, as well as coal and hydrocarbons. MMTC serves as a canalizing agency for exporting minerals such as iron ore and manganese ore and importing essential commodities like fertilizers and non-ferrous metals. The company is listed on the National Stock Exchange of India and the Bombay Stock Exchange. It previously held a significant stake in Neelachal Ispat Nigam Limited (NINL), a key asset which has been divested, leading to notable shifts in its trading volumes. MMTC operates primarily within India, aligning its activities with government trade policies.