MMTC floats tender to export 30,000 tonnes of pig iron

State-run MMTC has invited tender to export 30,000 tonnes of basic grade pig iron for shipment by the second half of July. By the first half of August an additional 30,000 tonnes is also available at sellers' option for shipment. The last date for submission of tender is July 15,2011.

For the year ended March 31, 2011, the company has posted a net profit of Rs 112.77 crore as compared to Rs 216.24 crore for the year ended March 31, 2010, down 48%. Total income of the company has increased from Rs 45353.61 crore for the year ended March 31, 2010 to Rs 68859.82 crore for the year ended March 31, 2011.