STC's 2011-12 turnover to touch Rs 22,500 cr

Our Bureau New Delhi | Updated on March 16, 2011

The State Trading Corporation of India Ltd (STC) has projected its total turnover in 2011-12 to be Rs 22,500 crore. This was disclosed by Mr N.K. Mathur, Chairman and Managing Director of STC, on the occasion of signing an MoU with the Commerce Ministry, an official statement said here on Wednesday. The profit of the Corporation has also been projected to increase by about 35 per cent, the statement said, adding that increases have been projected in all the three segments of trade -- exports, imports and domestic trade.

STC's turnover in 2010-11 was estimated to be around Rs 20,000 crore. “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,” the statement said.

Published on March 16, 2011

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