Financial Daily from THE HINDU group of publications
Saturday, Mar 25, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Industry & Economy - PSU


STC aiming at Rs 10,000-cr turnover next year

Our Bureau

New Delhi , March 24

The State Trading Corporation (STC) has committed to achieving turnover of Rs 10,000 crore for the next fiscal, envisaging a growth of 33 per cent over the current fiscal.

This is the high point of the MoU the company has inked with the Department of Commerce.

The Commerce Secretary, Mr S.M. Menon, and Dr Arvaind Pandalai, Chairman and Managing Director of STC, signed the MoU.

While exports have been projected to grow by 25 per cent, imports and domestic sales are slated to register growth of 35 per cent and 25 per cent respectively next year.With a view to achieving the stated projections, the corporation has diversified into areas of business such as supply of indigenously manufactured bullet-proof jackets, bomb blankets to State Police Departments and paramilitary forces, mining operations, imports of almonds, thermal coal and communication equipment, and domestic supply of various raw materials such as iron ore, steel, coke, and chemicals, a company release said.

More Stories on : Outlook | PSU

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
HEG opens R&D centre in M P


GAIL gets bids from 8 cos
NFCL plaint against `encroachers'
DSK Developers eyeing Hyderabad
McDowell concludes GDS, FCCB issues
ICSI for making secretarial standards mandatory
IOC includes E&P bids as part of MoU with Govt
Visvesvaraya Award
Rajshree Pathy awarded `Woman of the Year'
VIP to add 40 retail outlets
GTL revamp gets nod of shareholders
HPCL to go ahead with Bhatinda project alone
BOC opens merchant plant in South
GlaxoSmithKline gets nod to import bird flu drug
Kakatiya Cement declares lockout
Jindal Drilling signs deal with Keppels Felles for second rig
`Restructuring part of larger expansion plans'
Here we are
Coca-Cola sponsors check dam
NCL rights to open on March 27
ONGC to realise higher price for PMT gas
RPL to set up two SBMs at Jamnagar
STC aiming at Rs 10,000-cr turnover next year
Autocop plans to raise Rs 200 cr from IPO
Tantia keen on airport projects
IOC suffers revenue loss of Rs 1,700 cr in March
BVR Subbu to quit Hyundai
Gautam Thapar likely to take over as BILT Chairman
Lalit Jalan is BSES CEO



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line