MMTC Ltd
NSE: MMTC BSE: 513377
₹63.87
(-2.59%)
Fri, 13 Feb 2026, 07:08 pm
Market Cap98.29B
PE Ratio43.36
Dividend0
Distribution Services
Wholesale Distributors
24.5KCompany History
1963
- The company was incorporated on 26th September at New Delhi.
- The corporation started functioning on 1st October.
- The main objects of the company were the export of mineral ores and the import of essential metals.
- The entire paid-up capital was provided by the Government of India.
- A decision was taken by the Government of India to bifurcate the State Trading Corporation and establish another corporation to deal exclusively with the trade in minerals and metals.
1964
- The corporation was to receive the agreed 50% share of the reserves and surplus on confirmation by the court of the scheme of bifurcation.
1966
- 1,00,000 number of equity shares were issued for cash at par.
1972
- 1,50,000 bonus equity shares were issued in the proportion 1:2.
1973
- 1,50,000 bonus equity shares were issued in the proportion 1:3.
1974
- 3,00,000 bonus equity shares were issued in the proportion 1:2.
1977
- 9,00,000 bonus shares were issued in the proportion 1:1.
1978
- 3,00,000 bonus shares were issued in the proportion 2:3.
1981
- 14,00,000 bonus shares were issued in the proportion 2:3.
1994
- Japan and South Korea continued to be major markets for MMTC.
- The company made a foray into the European market with the export of one lakh tonnes of iron ore to Slovakia and Romania.
- The company commenced the import of gold and silver against special import licenses for supply to domestic customers.
- The company opened new gold vaults at Hyderabad and Vizag to offer services to customers in these areas.
- The company held an exhibition of plain gold and studded jewelry in Delhi and Mumbai.
- The company embarked on a plan to set up an integrated textile mill on a joint venture basis.
- The company adopted the export of over wears of self-designed garments through private labels on a stock and sale basis.
- The company converted its Moscow office into a joint stock company for trading purposes.
- The company explored the possibility of setting up a steel distribution centre as a joint venture with an overseas principal.
1995
- The company continued to purchase rough diamonds, emeralds, rubies, and semi-precious stones from overseas markets.
- The company's New York office was developed as a marketing base for jewelry.
- The company's office at Dubai was involved in bullion trade.
- A duty-free jewelry showroom was opened at Sahar International Port.
- A MOU was signed with the government of Orissa for the development of the existing Gopalpur minor port.
- The BIFR approved the scheme of merger-cum-amalgamation of Mica Trading Corporation of India Ltd with MMTC.
- 46,500,000 bonus shares were issued.
1996
- The export of iron ore marginally declined due to constraints such as frequent breakdowns in port equipment and reduced stacking area in ports.
- The company continued to purchase rough emeralds, rubies, and other semi-precious stones from overseas markets.
- The company imported chemical items and homeopathic medicines.
2001
- MMTC signed a memorandum of understanding with the Department of Commerce in the Ministry of Commerce and Industry.
2002
- The MMTC board approved a capital reduction scheme to ensure the transfer of Rs 15cr to the government.
- MMTC opened a new outlet at Thiruvananthapuram, a duty-free business.
- MMTC signed a memorandum of understanding with the department of commerce, setting a turnover target of Rs 6780crs.
- MMTC unveiled a new line of silverware, Sanchi-Silver in Style.
2003
- MMTC Ltd recorded a 38% growth in its export of minerals and metals during the first three quarters of the current fiscal.
- MMTC successfully penetrated the Chinese market for mineral ores.
- MMTC filed an application with the Central Government Industrial Disputes Act 1947, seeking permission for closure of the 'Mica Division of MMTC Ltd'.
- MMTC acquired an Rs 800cr deal from Japanese and South Korean companies for the supply of iron ore.
- MMTC's joint venture with the Orissa government, Neelchal Ispat Nigam Ltd, emerged as the second largest exporter of pig iron from the country.
2004
- MMTC and Ennore Port collaborated to set up an iron ore facility.
2005
- MMTC won four gold medals for exports.
- The MMTC Vizag office reported a 135% rise in turnover.
2006
- MMTC planned to set up a 50 MW wind plant.
- MMTC entered into a long-term agreement with Japanese, Korean, and Chinese steel mills.
2007
- Shri Sunir Khurana assumed the charge of Director (Marketing) of the company on May 07, 2007.
2008
- MMTC signed a pact with Swiss metal company PAMP to set up a gold refinery in Sohna, Haryana.
- MMTC won the D & B Top Ranking Corporate Award in the Trading Sector for 2007.
2009
- MMTC recorded its highest ever trade turnover and paid a 40% final dividend for 2008-2009.
- MMTC pulled out of the Maytas SEZ project.
2010
- The company recommended a dividend of 90% on the paid-up equity capital.
- The company issued bonus shares in the ratio of 1:1.
- The company split its face value of shares from Rs 10 to Re 1.
2011
- The company recommended a dividend of 25% on the paid-up equity capital.
2012
- The company recommended a dividend of 25% on the paid-up equity capital.
2013
- MMTC received the 'Most Caring Companies Award' for Global CSR Excellence presented by the World CSR Congress.
- MMTC received the HR Leadership Award presented by the Institute of Public Enterprise for being one of the 30 Most Talented HR Leaders in PSUs.
2014
- The Assaying Centre at MMTC was inaugurated.
2015
- MMTC Ltd. agreed to supply imported coal to CIL and APPDCL.
2016
- MMTC Ltd. was awarded the Star Performer Award for the year 2014-15 in the product group - Basic Iron and Steel (Large Enterprise) by the Engineering Export Promotion Council.
2017
- MMTC's joint venture company Neelachal Ispat Nigam Limited signed a mining lease agreement for iron ore.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800