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MMTC pays 25 pc dividend cheque

Written by: Staff

New Delhi, Feb 24 (UNI) MMTC today paid a cheque for Rs 12.42 crore as 25 per cent dividend for fiscal 2005-06 to Union Commerce Minister Kamal Nath.

MMTC, the largest international trading company of India, achieved a business turnover of Rs 11,291 crore - the highest ever recorded during 9 months period in any year.

The business turnover includes highest ever exports and domestic trade performance, which exceeded corresponding levels of last year by 5 per cent and 114 per cent, respectively.

In imports, however, there was a marginal drop compared to last year primarily due to steep increase in the gold prices adversely affecting its off-take and change in the regulation for funding gold imports by the RBI.


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