Comments
State owned trading firm State Trading Corporation of India (STC) today said that it expects an about 12.5 per cent growth in its turnover to Rs 22,500 crore in 2011-12.
In 2010-11, it is estimated that STC’s turnover would touch Rs 20,000 crore, an STC official said.
“During 2011-12, the total turnover of STC has been projected to reach Rs 22,500 crore,” the commerce ministry said in a statement.
It further said that the profit has also been projected to increase by about 35 per cent.
“With a view to achieve the stated projections of turnover and profitability, the Corporation plans to focus on developing countries and further strengthen and consolidate the existing areas of operations,” it said.
STC is an international trading house set up in 1956.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.