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MMTC surges on inviting bids for export of 100,000 tonnes of wheat

MMTC Ltd. | Trading | Miscellaneous | BSE: 513377 | NSE: MMTC

16 Nov 2012 Evaluate

MMTC is currently trading at Rs 726.10, up by 17.70 points or 2.50% from its previous closing of Rs 708.40 on the BSE.

The scrip opened at Rs 710.00 and has touched a high and low of Rs 739.40 and Rs 703.35 respectively. So far 60685 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 1009.00 on 10-Jan-2012 and a 52 week low of Rs 438.55 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 739.40 and Rs 703.35 respectively. The current market cap of the company is Rs. 72885.00 crore.

The promoters holding in the company stood at 99.33% while Institutions and Non-Institutions held 0.50% and 0.17% respectively

Minerals and Metals Trading Corporation (MMTC), a state-owned trading firm, has invited a global tender for the export of 100,000 tonnes of wheat. The wheat which is been offered for export is been stored at the godowns of the Food Corporation of India (FCI) at Kakinada port in Andhra Pradesh.

The bid, which will remain valid up to December 26, 2012, will be opened on December 18, 2012. The bidders should quote for a minimum of 35,000 tonnes and a maximum of 100,000 tonnes of wheat. The bidder should export wheat by January 31, 2013 and the wheat offered to them would be of the 2012-13 crop year (July-June).

Due to an all-time high procurement of wheat of about 38 million tonnes last year the government godowns have been overflowing with the grain. Following the government’s decision to export two million tonnes of the grain from the FCI godowns, MMTC and other state trading companies have been floating the bids.

MMTC Share Price

66.80 -1.52 (-2.22%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Redington	227.50
Adani Enterprises	2228.00
Amrapali Industries	17.36
Rashi Peripheral	474.40
PDS	294.40
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MMTC surges on inviting bids for export of 100,000 tonnes of wheat

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