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MMTC News

14 Oct 2023

High-level Meeting Likely To Take Call On Winding Up MMTC, STC, PEC

A high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal is likely to take a call on the closure of government-owned Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC) and Project & Equipment Corporation of India Limited (PEC) on October 23, according to reliable sources.

19 Dec 2019

Govt to import 12,500 tonnes of onions from Turkey to ease retail prices

State-run MMTC has been contracted to import an additional 12,500 tonnes of onion from Turkey as directed by the Price Stabilisation Fund Management Committee of the Department of Consumer Affairs, an official release said.

Cabinet decision on iron export

25 Apr 2018

Govt approves pacts for export of iron ore to Japan, South Korea through MMTC

The range of quantity of iron ore to be exported would be 3.8 million tonnes per annum to 5.5 million tonnes per annum.

19 Jun 2016

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

03 Apr 2016

States asked to stock up pulses from central buffer system

Centre has asked state governments to stock up pulses, especially tur and urad, from the central buffer system to avert price spikes in the coming months.

26 Jan 2016

MMTC invites bid for import of 5,000 tn tur dal

Amid production concerns due to back-to-back drought, the government has issued a tender for importing 5,000 tonnes of pigeon peas (tur) to boost domestic supply and control prices.

16 Oct 2015

MMTC invites bids for sale of 1,000 tonnes imported onions

State-run MMTC has imported onions from China and Egypt to boost domestic supply and check rising prices.

13 Oct 2015

Wholesale onion prices fall below Rs 30/kg at Lasalgaon

According to the data maintained by the Nasik-based National Horticultural and Research Foundation (NHRDF), wholesale onion prices Tuesday declined to Rs 28.50 per kg at Lasalgaon from the peak Rs 57 per kg in August.

02 Sep 2015

Cabinet approves reimbursement to 4 government agencies for import of pulses

The Union Cabinet on Wednesday cleared reimbursement of Rs 113 crore of losses on pulses imported between 2006-11 by four government agencies.

29 Aug 2015

MMTC floats tender for import of 10,000 tonnes of onion

State-owned MMTC has invited bids for import of 10,000 tonnes of onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check prices.

27 Aug 2015

Govt okays bids for 1K tonnes of onion import, to buy more

The government, under pressure to check retail onion prices that have shot up to Rs 80 per kg across the country, Thursday approved bids for import of 1,000 tonnes of onion at Rs 45 per kg and has decided to buy more from overseas markets to boost domestic supply.

19 Aug 2015

Wholesale onion price jumps to Rs 45/kg at Lasalgaon

Onion price at Lasalgaon in Maharashtra -- Asia's biggest wholesale market for onions -- Wednesday climbed to Rs 45 per kg, which could bump up retail prices in the national capital and other parts of the country.

17 Jul 2015

Govt issues tender to import 5,000 tonnes of urad

The government has issued a tender to import 5,000 tonnes of urad (black matpe) from Myanmar and other countries to boost domestic supply from September and curb price rise of lentils.

18 Jun 2015

Urea imports down by 33% to 10.03 lakh tonnes in Apr-May period

India's urea imports dipped by 33 percent to 10.03 lakh tonnes in the April-May period of current fiscal compared to the same period last year.

16 Jun 2015

PSUs to soon float pulses import tenders

The government has finalised modalities for import of key pulses and state-run agencies such as MMTC will soon float tenders for overseas purchase of lentils, Agriculture Secretary Siraj Hussain said Tuesday.

16 Apr 2015

MMTC sees gold imports at 50-tonnes mark this fiscal

"Because of restrictions on gold imports, our imports were down. But after relaxation in the policy, we expect that the gold imports would reach about 50 tonnes this fiscal year," MMTC CMD Ved Prakash told reporters here.

16 Apr 2015

Govt to divest 15% stake in MMTC; to fetch about Rs 800 crore

"The government plans to divest 15 per cent stake in the company. We are ready for it," MMTC Chairman Ved Prakash told reporters here.

09 Apr 2015

Urea imports up 23% to 87.49 lakh tonne FY'15

India's urea imports increased 23 percent to 87.49 lakh tonnes last fiscal on higher demand, according to an official data.

15 Dec 2014

LT of imported coal landed at Mundra port: Coal India

State-owned Coal India Ltd Monday said the first shipment of 1.79 lakh tonnes of imported coal has landed at Mundra port and would be supplied to the power companies.

24 Aug 2014

Lukewarm interest for coal imports from CIL

Several coal consumers who previously expressed interest in receiving imported coal from Coal India have gradually pulled out, sources said.

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