Minerals, Metals, Fertilizers, Coal, Hydrocarbons, Agro Products, Gold, Gems and Jewellery are the main sectors of its activities

CORPORATE OBJECTIVES

• To be a leading International Trading House operating in the competitive global trading environment, particularly specializing in bulk handling activities, and adequate returns on capital employed.
  
  
• To strive to become market leader in most of its traditional product lines like Minerals, Metals, Fertilizers and Gold, Gems & Jewellery.
  
  
• To aim at becoming a major exporter of Agro products.
  
  
• To render high quality of service to all categories of customers with professionalism and efficiency and to provide high quality of goods and services to all our customers.
  
  
• To put in place a streamlined and efficient system within the company for settlement of commercial disputes.
  
  
• To promote development of infrastructural facilities to facilitate trade related activities
  
  

BOARD OF DIRECTORS (As on 26/9/2005)

OPERATIONS OF MMTC

1. India's Largest trading giant

Established in 1963, MMTC is today India's leading international trading company, with a turnover of over US$ 1.5 billion. It is the first international trading company of India to be given the coveted status "Super Star Trading House" and it is the first Public Sector Enterprise to be accorded the status of "Golden Super Star Trading House" for long standing contribution to exports. MMTC is the largest non-oil importer in India. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures, and Link Deals - all modern day tools of international trading. Its vast international trade network, which includes a wholly owned international subsidiary in Singapore, spans more than 85 countries in Asia, Europe, Africa, Oceania and Americas, giving MMTC a global market coverage.

2. India's leading exporter of minerals

MMTC is a major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise 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 regional and port offices in India, as well as international subsidiary. During the year 2002-03 MMTC has achieved considerable success in minerals exports leading to an impressive turnover of 1244 crores. In quantitative terms, MMTC was able to export 13.02 million tonnes of iron ore, 2.31 lakh tones of Manganese ore and 5.81 lakh tonnes of Chrome Ore during 2002-2003. MMTC has won the highest export award from Chemicals and Allied Products Export Promotion Council (CAPEXIL) as the largest exporter of minerals from India for the eleventh year in a row.
MMTC continues to lead India's foray in mineral exports with global success for four decades by redefining standards of global excellence by customer satisfaction worldwide. It continues to be the largest supplier of iron ore, handling more than one fourth of India's total exports. MMTC has managed with commendable elan the bulk operations spread across far - flung areas in the mineral rich states of the country and by exporting minerals from all the major ports of India, thus utilizing the extensive network of infrastructure facilities. MMTC's drive for excellence is reinforced by its marketing thrust in traditional markets like Japan and S. Korea and Pakistan. MMTC is the catalyst in developing the Chinese market for Indian Iron Ore.

3. One of the world's largest buyer of fertilizers

MMTC Limited (A Govt. of India Enterprise) is one of the largest importers of Finished Fertilizers and Fertilizer Raw Material in India with a current import quantum of about half a million tonnes annually. MMTC has a leading edge in sourcing, procuring and distribution of Fertilizers in India and in neighbouring countries. As a leading player in fertilizers and fertilizer raw material, 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 and other farming and agricultural inputs.

4. The single largest bullion trader in the Indian subcontinent
MMTC is the largest importer of gold and silver in the Indian sub continent, handling about 100 MT of gold and 500 MT of silver annually. MMTC has opened a retail jewellery showroom at Maker Bhawan in Mumbai. MMTC supplies branded hallmarked gold and studded jewellery. MMTC has also opened a duty free jewellery store in the Departure Lounge at Sahar International Airport, Mumbai, India. An assay and hallmarking unit has been set up at New Delhi for testing the purity of gold and gold articles in accordance with the internationally accepted fire assay method.

Besides organizing major jewellery exhibitions abroad, exclusively, MMTC is keen to set up manufacturing & joint ventures for modern jewellery in association with leading names in the international jewellery trade as well as marketing.

MMTC supplies gold on loan basis to the bullion traders and jewellers in India at international rate of interest to help jewellers and artisans to overcome their working capital requirement. MMTC's retailing network extends from a jewellery showroom at Maker Bhawan, 4 duty free shops at Mumbai (2), Chennai (1), Thiruvananthapuram (1), International airports and sales counter at its Jhandewalan office in New Delhi.

5. The biggest importer of non ferrous metals & industrial raw material to India

MMTC (A Govt. of India Enterprise) is India's Single Largest Trader of metals. Handling about 75,000 tonnes of non-ferrous metals/ concentrates per annum. MMTC's share of import in India's import of refined base non-ferrous metals in terms of value is about 20%.
MMTC is 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 asbestos, steel and its products. MMTC imports quality products conforming to international specifications like ASTM or BSS or LME approved brands.

Major institutional customers of MMTC in India are accredited with ISO-9002 status. MMTC sources its metals from empanelled suppliers including producers and traders throughout the world.

6. Agro Products
MMTC is amongst the leading Indian exporters and importers of agro products. The company's bulk exports include commodities such as rice, wheat, wheat flour, soyameal, pulses, sugar, processed foods and plantation products like tea, coffee, jute etc.

MMTC also undertakes extensive operations in oilseed extraction, from the procurement of seeds to the production of de-oiled cakes for export, as well as the production of edible oil for domestic consumption. It also imports edible oils.

7. General trading
MMTC also handles items like textiles, Mulberry raw silk, building materials, marine products, chemicals, drugs and pharmaceuticals, processed foods, hydro carbons, coal and coke. MMTC also exports engineering products.
8. 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 85 regional, sub-regional, port and field offices, warehouses and procurement centres.

9. 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 by product recovery plant and a captive power plant of 55 MW capacity.