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MMTC to divest an additional 15% stake in FY16

17 Apr 2015 Evaluate

In line with the Government’s intent of increasing public holding in state-run units to at least 25%, MMTC is planning to divest an additional 15% of its equity in the current fiscal. The Government holds 90% in MMTC as 10% of the equity has already been divested.

Earlier, SEBI has proposed that the Government should pare its stake in public sector companies to 75% or below by 2017.

Further, MMTC is also working on diversifying its exports by including project & engineering goods and chemicals & pharmaceuticals in its basket to give a push to the country's goods exports.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.

MMTC Share Price

61.77 0.24 (0.39%)
27-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 278.30
Amrapali Industries 34.85
Adani Enterprises 3036.50
Rashi Peripheral 801.60
PDS 357.35
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