Home / Knowledge / News / STC presents dividend cheque to Shri Kamal Nath
STC presents dividend cheque to Shri Kamal Nath
06
Feb '08
A dividend cheque for Rs.9.56 crore, towards the interim dividend of 35% for 2007-08, was presented to Shri Kamal Nath, Union Minister of Commerce & Industry by Dr. Arvind Pandalai, Chairman & Managing Director of State Trading Corporation of India Ltd (STC) here last evening.

During the first nine months of the current financial year (April-December 2007), STC has achieved an impressive increase of over 40% in profit over the corresponding period of the previous year.

The total turnover has also crossed Rs.11000 crore mark during this period thereby surpassing the proportionate MOU target by 48%.

During the period, STC's exports grew by over 60% to reach past Rs.3000 crore due to higher sales of chemicals & pharmaceuticals, gold jewellery, steel raw materials and iron ore.

Total imports at Rs.7424 crore exceeded the proportionate MOU target by 36% in spite of lower wheat imports of the order of Rs.1500 crore as against about Rs.4200 crore worth of wheat imports during Apr.-Dec.'06.

Imports of bullion, hydrocarbons, minerals, metals, petro-chemicals and pulses significantly grew over previous year.

STC has, of late, entered into domestic tea operations. It procures tealeaves directly from small farmers in Nilgiri district in Tamil Nadu.

The tealeaves are processed through leasing of a processing unit and are blended to suit to the market tastes. STC has recently launched own brand 'Tohfa' tea for sale under PDS through Gujarat State Civil Supplies Corporation.


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search