IST : 03:16:57 Saturday, February 25, 2017

MMTC LIMITED : CORPORATE PROFILE

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LEADING TREADING OF INDIA

Established in 1963, MMTC is a leading international trading company of India with a turnover of around Rs. 12,500 crore.

MMTC is the first Public Sector Enterprise to be accorded the status of "FIVE STAR EXPORT HOUSE" by Government of India for long standing contribution to exports.

MMTC continues as the canalized agency for export of Iron ore, Manganese ore & Chrome ore. MMTC is also one of the three canalizing agencies for import of urea. Presently, MMTC is one of the nominated agencies for import of gold and silver.

Its vast international trade network, which includes a wholly owned subsidiary in Singapore covers almost all countries in Asia, Europe, Africa, America etc. giving MMTC global market coverage.

INDIA'S LEADING EXPORTER OF MINERALS

MMTC Limited continues to be a leader in mineral exports for over five decades now. With its comprehensive infrastructural set up 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 its regional and port offices in India, as well as international subsidiary in Singapore.

MMTC’s performance in mineral trade has been acknowledged by the CAPEXIL (Chemicals and Allied Products Export Promotion Council of Govt. of India) by conferring the nation’s highest award for excellence in minerals exports consecutively for the last 22years.

MMTC has been consistently striving to enhance its competitiveness in the area of value addition. MMTC has provided further fillip to value addition of minerals by setting up MMTC’s co-promoted 1.1. Million tpa Steel plant viz., Neelachal Ispat Nigam Ltd. (NINL), which consumes over 2.2 million tons of various types of minerals on annual basis arranged mainly by MMTC.

ONE OF THE WORLD'S LARGEST BUYERS OF FERTILIZERS

As a leading player in fertilizers and fertilizer raw material segment, MMTC has become a major fertilizer marketing company in India, through planned forward integration of its import activities with the direct marketing of Urea, DAP, MOP, Sulphur, Rock Phosphate, SSP etc.

MMTC has remained one of the largest institutional buyers of fertilizers across the globe. MMTC has built this unique position for itself through its continued presence for about four decades in the fertilizer arena internationally. It has remained a trusted associate for the suppliers and customers alike across the globe as a result of its undisputed transparency in dealings and commitment to contractual terms of international trade. MMTC has built a niche for itself and has been extending the benefit of its four decades of experience in buying, selling and excellent networking, which has been continuously adding value in the supply chain.

As a result, MMTC remains the single unique window for buying and selling of all fertilizer products globally. Presently, MMTC is also one of the three canalizing agencies for import of Urea.

ONE OF THE LARGEST BULLION TRADERS IN INDIAN SUBCONTINENT

MMTC Limited is one of India’s Premier bullion trader. Its Precious Metals arm has consistently contributed significant proportion of the total turnover of the Company.

MMTC is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones and supply these items to traders & jewelers in India for domestic sales, processing and further exports. MMTC is the custodian for import & export of Precious cargo at SEEPZ, SEZ Mumbai.

MMTC sources retail jewellery & its own branded Sterling Silverware (Sanchi) through its showrooms in all the major metro cities of India.

MMTC has a medallion unit in New Delhi since 1996 for manufacturing its own brand of gold and silver medallions. MMTC has taken up prestigious assignment of manufacturing and sales of sovereign India Gold Coin through network of its offices and Banks. Customized requirements for corporate/institutional orders for medallions are also serviced from here throughout the year. MMTC operates in-house hallmarking unit at Jhandewalan Jewellery Complex, New Delhi, for testing purity of gold/silver and gold/silver article.

IMPORTER OF NON-FERROUS METALS & INDUSTRIAL RAW MATERIALS TO INDIA

MMTC is one of India's largest seller of imported Non-ferrous metals viz. copper, aluminium, zinc, lead, tin and nickel. It also sells imported minor metals like magnesium, antimony, silicon and mercury, as also industrial raw materials like Ferro Alloys, Nobel Alloys and Minor Metals etc. MMTC imports quality products conforming to international specifications like ASTM or BSS or LME approved brands.

MMTC’s customers are in fabricated metals, machinery and equipment and automotive sector. MMTC sources its metals from empanelled suppliers including producers and traders throughout the world.

Imports of all Non-Ferrous Metals, Industrial Raw Materials, Minor Metals and concentrates are centralized at Corporate Office in New Delhi and the sales are effected through various sale centers located all over India.

Neelachal Ispat Nigam Limited (NINL), a steel plant promoted jointly by MMTC & Govt. of Orissa, has been granted iron ore mining lease with an estimated reserves of 110 million tons, which is at an advanced stage of statutory environmental clearances. With steel making facility getting stabilized and commencement of iron ore mining expected by this year end, the performance of NINL would improve substantially.

GROWING INTEREST IN AGRO PRODUCTS WORLWIDE

MMTC Limited is a global player in the Agro trade, with its comprehensive infrastructural expertise to handle Agro products. MMTC Limited provides full logistic support from procurement, quality control to guaranteed timely deliveries of agro products from different parts of India through a wide network of regional and port offices in India and its contacts abroad.The company's bulk handling of the agro commodities includes rice, wheat, pulses, onion, edible oil etc.

The agro trade primarily depends on government policies and vagaries of monsoon. At times when the surplus agro products are available in the country, the export opportunities emerge while in the period of shortages the agro products need to be imported. The Agro Group of the company shall continue to pursue plans and strategies to meet the shortages of edible oils, food grains & pulses in the country by imports and export of surplus availability of agro products like Wheat in the country. The group is geared up to meet the challenges stemming from wide variations in quantity/ product range available for imports/ exports besides broadening the commodity profile to ensure future sustainability of business growth.

COAL HANDLING - ONE OF THE CORE AREAS OF MMTC'S BUSINESS

Coal and Hydrocarbon is identified as one of the core areas of business for MMTC and Steam coal is identified as a thrust product for import. MMTC’s coal business is mainly comprised of LAM COKE, Coking Coal and Steam coal.

MMTC withstands the stiff competition due to its continuous and persistent efforts in diversifying its markets, offering value added products and services to its existing customers, enlarging its product range and customer base, expanding extensively its infrastructure facilities, using its expertise in trading by attaching utmost care and importance to its trade commitments as also the quality service and product.

DIVERSIFICATION AND GENERAL TRADING

To take advantage of new opportunities emerging in the free market environment, MMTC has promoted a number of joint ventures following the public-private partnership model in earlier years. viz. Indian Commodity Exchange Limited (ICEX), MMTC PAMP India Ltd, MMTC Gitanjali Ltd., SICAL Iron Ore Terminals Limited (SIOTL), TM Mining Company Ltd., Free Trade Ware-housing Pvt. Ltd. etc.

MMTC has already diversified into the area of clean, non-conventional and renewable energy sources by setting up a 15MW Wind Energy Project in the state of Karnataka, which has already been commissioned. The plant is generating power, which is being sold to the State Electricity Grid.

AN INTEGRATED GLOBAL TRADER WITH BULK HANDLING CAPABILITIES

Its comprehensive infrastructure for bulk cargo handling, with well-developed arrangements for rail and road transportation, warehousing, port and shipping, operations, gives MMTC complete control over trade logistics, both for exports and imports.

The company's countrywide domestic network is spread over 9 regional offices & various sub-regional, port and field offices, warehouses and procurement centres.

BROADBASED ACTIVITIES BEYOND TRADING

MMTC's progress in the recent past has taken it from monopoly status to a competitive open market player making a strong thrust towards broad basing its sphere of activities, while consolidating its core areas of business.

To create synergy between its manufacturing, trading and technology partners and to bring optimum efficiency and expertise to its operations worldwide, MMTC has promoted along with Government of Orissa, a million tonnes capacity Iron & Steel plant and a 0.8 million tonne capacity Coke Oven battery with byproduct recovery plant and a captive power plant of 55 MW capacity.

SUPPORT SERVICES

MMTC lays emphasis on human resources development and related activities. Several training programmes are conducted to upgrade managerial skills in different spheres of company’s activities in trade management, export marketing, general management.

In past, cordial and harmonious industrial relations were maintained in the company and no man days were lost due to any industrial unrest. Regular meetings are held with the Federation / Unions / Associations of Officers, Staff and SC / ST Employees under Joint Consultative Machinery Forum.

COMPUTERIZATION

MMTC has a Systems & ERP Division comprising a highly professional team to cope with the highly competitive environment. MMTC's operational offices are all equipped with modern computing tools. ERP has been implemented. A user friendly intranet based Knowledge Management Solution has been made available to officials.

SOCIAL AND WELFARE ACTIVITIES

MMTC's social and welfare activities promote welfare of the employees through various schemes like sports activities, liberal loan facilities like house building advance, conveyance loan, house hold loan, marriage advance, etc. MMTC also provides subsidized canteen facilities, medical facility and residential accommodation in some of the major cities for its employees. MMTC also takes care of employees' families through merit scholarship, tuition fee reimbursement, etc.

MMTC is committed towards environmental upkeepment through afforestation in the mining areas, development of tribal areas and infrastructure development through rail links, port facilities, etc.

NETWORK OF OFFICES

MMTC's trade network includes

One wholly owned international subsidiary in Singapore- MMTC Transnational Pte. Ltd. (MTPL)

9 Regional offices

East Zone :

Kolkata, Bhubaneshwar

West Zone :

Mumbai, Ahmedabad

North Zone :

Delhi Regional Office, Jaipur

South Zone :

Chennai, Hyderabad, Vizag


 


Visitor Number : 0006884408
Last Updated on 24-02-2017