Subject : NINL accredited with ISO – 9001 : 2008 Certification
Date :      July 28, 2010

Neelachal Ispat Nigam Limited located at Kalinga Nagar Industrial Complex, Duburi, Jajpur Orissa, a joint venture of MMTC and Orissa Govt. has been accredited with the ISO – 9001 : 2008 certification on 25.07.2010.

Mr. Sanjiv Batra, CMD, MMTC & Chairman, NINL along with Dr. S. R. Jain, Director, Shri D. P. Bagchi, Director, Shri P. C. Sahu, Managing Director, Shri S. P. Padhi, Director (Fin.) and Shri R. K. Jha, Management Representative received the ISO certificate in a glittering ceremony organized by NINL at its Duburi Township on 25^th July, 2010.  The certificate was awarded by M/s. M. S. Certification Services Pvt. Ltd., Kolkata and was handed over by the Director (IQEMS) Shri Subrata Panigrahi.

Subject : MMTC RECORDS HIGHEST EVER TRADE TURNOVER,PAYS 40% FINAL DIVIDEND FOR 2008-09
Date :      October 27, 2009
 1. A cheque for Rs.19.87 crore was presented today to Dr. Rahul Khullar, Commerce Secretary by Shri Sanjiv Batra, CMD, MMTC Limited towards 40% Final dividend for fiscal 2008-09. MMTC, the largest international trading company of India, at its 46^th Annual General Meeting held on 30/9/2009, had declared dividend pay out of 80% for 2008-09, which included interim dividend of 40% already paid to the shareholders in March 2009.

2. Despite world wide economic recession which set in since September 2008, coupled with substantial downfall in commodity prices, MMTC exhibited outstanding resilience in recording highest ever topline consecutively for the fifth year and achieved record level business turnover of Rs. 368,207 million during 2008-09 registering a growth of 39% over the previous year.  This best ever business turnover since MMTC's inception in 1963 includes highest ever Exports of Rs. 45,759 million, highest ever Imports of Rs. 306,951 million and domestic trade of Rs. 15,497 million. The profit before tax and profit after tax earned by MMTC amounted to Rs. 2174 million and Rs. 1402 million respectively with Earning per share for the financial year 2008-09 amounting to Rs.28.04

3.To accelerate growth and enhance its future sustainability, MMTC is following Public Private Partnership route and has embarked upon various strategic initiatives which include, in broad terms, Setting up of a Commodity Exchange and a Currency Futures Exchange which are likely to commence operations shortly, Setting up a gold /silver medallion manufacturing unit, which would also include a gold refinery as an integral part and is likely to commence trial production in mid 2010, Setting up, in partnership with a leading Indian company, a chain of retail stores at various cities in India for medallions, jewellery and its homegrown brand of ’SANCHI’ silverware and to begin with one retail store each in Delhi, Gurgaon and Ahmedabad has already been opened under the name “SHUDHI” , Setting up permanent berth with loading facilities for Iron ore at Ennore Port  which likely to be operational by mid 2010, Development of deep draught Iron ore berth at Paradeep Port (Orissa), Promotion of a joint venture Company with M/s TATA Steel Ltd. for exploration and development of mines for minerals, ferrous and non-ferrous ores, precious metals, diamonds and coal etc for which a MOU has been signed with M/s  TATA Steel Ltd very recently.

4.company has stated that such strategic initiatives effectively integrate vertically.both backward and forwards,to encompass the entire gamut of the value chain having mines to markets.t

Subject : MMTC ACHIEVES RECORD LEVEL TOPLINE AND BOTTOMLINE
Date :      January 16, 2009

MMTC Limited, the largest international trading company of India, has exhibited outstanding performance by achieving its record level turnover of Rs. 32,030 crores during April- December 2008 recording a quantum growth of 90% over the turnover of Rs. 16,884 crores recorded during same period of last fiscal. MMTC’s highest ever turnover of Rs. 32,030 crores includes exports of Rs. 3,377 crores, imports of Rs. 27,567 crores and domestic trade at Rs. 1,086 crores registering growth of 24%, 106% and 34% respectively.

2.       During the period, MMTC posted a net profit before tax of Rs. 191.45 crores. MMTC’s net profit after tax increased to Rs. 125.45 crores, which is the highest ever net profits generated by MMTC in any first three quarters of the year since its inception in 1963. The earnings per share were Rs.25.09 per share of face value Rs. 10 each.

Subject : MMTC ACHIEVES RECORD LEVEL H1 TOPLINE AND BOTTOMLINE
Date :      November 03, 2008

MMTC Limited, the largest international trading company of India, has exhibited outstanding performance by achieving its record level H1 turnover of Rs. 22,267 crores during April- September 2008 recording a quantum growth of 86% over the turnover of Rs. 11,999 crores recorded during same period of last fiscal. MMTC’s highest ever H1 turnover of Rs. 22,267 crores includes its best ever H1 exports of Rs. 2,467 crores, all time high H1 imports of Rs. 18,235 crores and highest ever H1 domestic trade at Rs. 1,565 crores registering growth of 46%, 86% and 196% respectively.

2.       During the period, MMTC posted a net profit before tax of Rs. 147.54 crores registering a growth of 43% over the preceding year. MMTC’s net profit after tax surged to Rs. 100.54 crores, which is the highest ever H1 net profits generated by MMTC since its inception in 1963, registering a growth of 32% over the net profit after tax of Rs. 76.36 crores recorded during same period of last fiscal. The earnings per share were Rs.20.11 per share of face value Rs. 10 each.

3.       The above financial results were taken on record by the Board of Directors of MMTC in its meeting held today.  

Subject : EMPANELMENT OF SUPPLIERS FOR SUPPLY OF CADMIUM
Date :      July 24, 2008

MMTC intends to empanel suppliers of Cadmium and invites ‘expression of interest’ from interested suppliers so as to reach this office by 31^st July, 2008.  Criteria for empanelment shall be as indicated in our website for Industrial Raw Materials under Metals page.

Subject : MMTC ACHIEVES RECORD LEVEL Q1 TOPLINE AND BOTTOMLINE
Date :      July 23, 2008

MMTC Limited, the largest international trading company of India, has exhibited outstanding performance by achieving a record level Q1 turnover of Rs. 9778 crores during April- June 2008 recording a quantum jump of 61% over the turnover of Rs. 6079 crores recorded during corresponding period of last fiscal. MMTC’s highest ever Q1 turnover of Rs. 9778 crores includes its best ever Q1 exports of  Rs. 1106 crores, all time high Q1 imports of Rs. 8301 crores and highest ever Q1 domestic trade at Rs. 371 crores.   

2.       During the period, MMTC posted a trading profit of Rs. 91.76 crores registering a growth of 43% over the preceding year. MMTC’s net profit after tax surged to Rs. 53.76 crores, which is the highest ever Q1 net profits generated by MMTC since its inception in 1963, registering a growth of 38% over the net profit after tax of Rs. 38.93 crores recorded during corresponding period of last fiscal. 

3.       The above financial results were taken on record by the Board of Directors of MMTC in its meeting held today.  The company attributed its commendable performance to the success of its strategic initiatives with enhanced focus on profitability.  Broad-based growth in all business lines, debt free capital structure with adequate cash reserves and a sound net worth provided a robust base for company’s future growth.

Subject : MMTC ACHIEVES HIGHEST EVER TOPLINE AND BOTTOMLINE CONSECUTIVELY IN THE FOURTH YEAR– ANNOUNCES 90 % DIVIDEND
Date :      July 02, 2008

Subject : E-tendering circular for fertilizer ( 05.06.2008)
Date :      June 05, 2008

TO ALL WHOM IT MAY CONCERN

Vide our  circular letter  dated 18.4.2007, we had requested all the suppliers of fertilizer to register themselves for submitting all future offers/bids through the E-tendering route. 

It has now been decided to  receive all future offers against tender notices issued by MMTC for urea, only through the E-tendering route. Please note the option of submission of bids in physical mode will not be available in future. 

We would therefore request all our suppliers to kindly do the necessary registration and fulfill requirements to ready themselves for participating in tenders as and when floated.

For copy of our earlier circular letter dated 18.4.2007, please visit our website at www.mmtclimited.com at location “News Item”.

Deputy General Manager(Fertilizer)

                                           MMTC Limited

New Delhi

Date : 4.6.2008

Place : New Delhi

Subject : Declaration of the Results of the Postal Ballot held during December 2007- January 2008
Date :      February 20, 2008

Declaration of the Results of the Postal Ballot held during December 2007- January 2008

Pursuant to the provisions of Section 192 A of Companies Act 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001, a Notice dated 24.12.2007 was circulated to the shareholders seeking their consent to following Special Resolutions: -

1.       To consider and if thought fit, pass the following resolution as Special Resolution:

'RESOLVED that pursuant to the provisions of the Section 17 and other applicable provisions, if any, of the Companies Act 1956, the Object Clause of the Memorandum of Association of the Company be and hereby is altered to the extent of inclusion of following after Clause 35 of Object Clause (III) of the Memorandum of Association of the Company –

35 A: To carry on the business of purchasing, selling, importing, exporting, producing, trading, manufacturing or otherwise dealing in all aspects of planning, investigation, research, design and preparation of preliminary, feasibility and project reports, construction, generation, operation & maintenance, renovation & modernisation of Power Stations and Projects, Transmission, distribution, sale of Thermal, Hydro, Nuclear power and power generated through Non-Conventional Renewable Energy sources, including power generated based on any source of energy as may be developed or invented in future and also to undertake the business of other allied/ancillary industries including those for utilisation of steam generated at power stations, and other by-products and install, operate and manage all necessary plants, establishments and works.

35 B: To carry on the business of purchasing, selling, trading whether in domestic or in International market of Certified Emission Reduction (available through CDM i.e. Clean Development Mechanism).'

2.       To consider and if thought fit, to pass the following resolution as Special Resolution:

“RESOLVED THAT subject to prior approval of the Govt of India, the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 for investment of a sum not exceeding Rs. 32.95 crores, to be funded out of internal accruals/ reserves of MMTC, for subscribing/acquiring equity shares of M/s. SICAL Iron Ore Terminals Limited, Chennai to set up port with loading facilities at Ennore Port, ensuring that MMTC's equity stake in the said company does not exceed 26% of the paid up capital of M/s. SICAL Iron Ore Terminals Limited, Chennai.

3.       To consider and if thought fit, to pass the following resolution as Special Resolution:

“RESOLVED THAT the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 for investing a sum of Rs. 26 crores to be funded out of internal accruals/reserves of MMTC, for subscribing/acquiring equity shares of Special Purpose Vehicle (SPV) being created by M/s. India Bulls, Gurgaon - 122001 for setting up of a commodity Exchange in India, ensuring that MMTC's equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.'

4.       To consider and if thought fit, to pass the following resolution as Special Resolution:

“RESOLVED THAT subject to prior approval of the Govt of India, the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 for investing a sum of Rs. 12.48 crores to be funded out of internal accruals/ reserves, for subscribing/acquiring equity shares of Special Purpose Vehicle (SPV) being created jointly with M/s. PAMP S.A. for setting up a project for minting & refining of gold & silver ensuring that MMTC's equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.'

5.       To consider and if thought fit, to pass the following resolution as Special Resolution:

“RESOLVED THAT subject to prior approval of the Govt of India, the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 for investing a sum of Rs. 11.70 crores to be funded out of internal accruals/ reserves, for subscribing/acquiring equity shares of Special Purpose Vehicle (SPV) being created for setting up a retail chain for jewellery, ensuring that MMTC's equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.'

6.       To consider and if thought fit, to pass the following resolutions as Special Resolutions:

“RESOLVED THAT subject to prior approval of the Govt of India, the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 to increase MMTC's equity investment limit in M/s Haldia Free Trade warehousing Pvt Ltd, New Delhi, from Rs. 14.00 crores to Rs. 16.00 crores for setting up free trade and warehousing project at Haldia, to be funded out of the internal accruals/ reserves, for subscribing/acquiring equity shares of Haldia Free Trade Warehousing Pvt. Ltd. ensuring  that  MMTC's equity stake in the said company is maintained at 26% of the paid up equity capital of M/s Haldia Free Trade Warehousing Pvt. Ltd.'

“RESOLVED FURTHER THAT the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 to make interest bearing loans of Rs. 16.00 Crores (within the enhanced equity investment limit of Rs. 16.00 Crores) to M/s Haldia Free Trade Warehousing Pvt. Ltd, New Delhi, for purchasing land for the project to be funded out of the internal accruals/ reserves of MMTC, on terms and conditions finalized by Director (Finance) MMTC Limited'

“RESOLVED ALSO THAT the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 to make interest bearing refundable advance of Rs. 2 crores to M/s. Haldia Free Trade Warehousing Pvt. Ltd. New Delhi for purchasing land for the project to be funded out of the internal accruals/ reserves on terms and conditions finalized by Director (Finance) MMTC Limited.'

'RESOLVED also that Director (Finance) MMTC Limited be and is hereby authorized to finalise the terms & conditions of the said loan to M/s Haldia Free Trade Warehousing Pvt. Ltd.'

7.       To consider and if thought fit, pass the following resolution as Special Resolution:

“RESOLVED THAT subject to prior approval of the Govt of India, the consent of the company be and is hereby accorded in terms of Section 372A and other applicable provisions, if any, of Companies Act, 1956 for initially investing a sum of Rs. 1.30 Lakhs to be funded out of internal accruals/ reserves, for subscribing/ acquiring equity shares of special purpose vehicle (SPV) created by M/s India Bulls Real Estate Ltd. for bidding for 1800 MW power plant for Talwandi Sabo Power Ltd. Punjab ensuring that MMTC's equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.'

The Board had appointed Mr. Nityanand Singh, FCS, MIFC, CFC (Canada) as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The dispatch of postal ballot forms was completed on 2^nd January 2008 along with postage prepaid business reply envelopes to such shareholders whose name(s) appeared on the Register of Members as on 21.12.2007. Mr Nityanand Singh Scrutinizer has submitted his report dated 12.2.2008 wherein it has been informed that on reckoning of the voting rights of the shareholders on the basis of the paid up value of shares registered in their names it has been found that shareholders have consented to all the above Special Resolutions.  In his report Mr Nityanand Singh has submitted the status of postal ballot results as under: -

In the light of the said Report of the Scrutinizer as detailed hereinabove, Shri Sanjiv Batra, Chairman & Managing Director, MMTC Limited has declared that all the above Resolutions are carried out as Special Resolutions.

Subject : MMTC Wins D & B Top Ranking Corporate Award in Trading Sector For 2007
Date :      February 12, 2008

MMTC Wins D & B Top Ranking Corporate Award

in Trading Sector For 2007 

MMTC has been selected as the Top Indian Company in trading sector by Dun & Bradstreet for its Dun & Bradstreet- American Express Corporate Awards 2007. A plaque certifying MMTC’s ranking was presented to Sh Sanjiv Batra, CMD MMTC by Dr. Manoj Vaish, President & CEO-India, Dun & Bradstreet in recognition of MMTC’s commitment and vision. 

Dun & Bradstreet (D&B) is a world-leading provider of Business Information Services and releases its rankings in many countries around the globe, these rankings are widely accepted as key measures of corporate performance.

MMTC is India’s largest International trading house with annual group turnover of over US$ 6 billion. During the last 5 years, MMTC has registered Compounded Annual Growth Rate (CAGR) of over 39% in its business operations. During the year 2006-07 MMTC achieved its ever-best business turnover of Rs.23,301 crores which includes its highest ever exports   at Rs. 3,413 crores and best ever imports at Rs. 18,607 crores. 

During the first nine months of the current year, MMTC achieved its highest ever trading profit of Rs.250.87 crores which is 54% higher than trading profit earned by the company during corresponding period last fiscal. 

MMTC is taking many strategic initiatives to effectively integrate vertically, both backward and forward, the entire gamut of the value chain of its activities, from mines to markets. To accelerate growth and enhance its future sustainability, MMTC has initiated Public Private Partnership model to enter into joint ventures such as setting up of a commodity exchange, a gold /silver medallion manufacturing unit, which would also include a gold refinery as an integral part, as also entering into a joint venture for establishing a chain of retail stores in India for marketing of medallions, jewellery and its homegrown brand of ’SANCHI’ silverware. MMTC has also applied for iron ore mining leases which will be a precursor to MMTC’s own iron ore pelletization plant for adding value to iron ore sourced from these mines. MMTC will also be starting free trade and warehousing zones on lines similar to Special Economic Zones, at Kandla, Haldia and Greater Noida.