Coal news and updates

STC to diversify its import trading portfolio: CMD

September 30: The State Trading Corporation of India (STC) is planning to diversify its import trading portfolio in a big way, the company’s Chairman and Managing Director Khaleel Rahim has said.

"In the near future, beside the traditional business of agricultural products, STC is going in a big way for diversification in the field of import of coal, non-urea fertilizers, copper, medical and engineering equipment among others," Rahim said while addressing the 57th annual general meeting of the company.

STC’s turnover on import of various commodities stood at Rs 17,015 crore in 2012-13, while its exports turnover stood at Rs 1,563 crore and the company’s trading profit during the year stood at Rs 119 crore, Rahim added.

He pointed out that the trading profit as well as exports turnover in 2012-13 were higher than any of the preceding three years