The State Trading Corporation of India Limited (STC), which functions under the administrative control of the Ministry of Commerce & Industry, has achieved a trading profit of Rs. 119 crore during 2012-13. Chairman & Managing Director, STC, Shri Khaleel Rahim, while addressing the 57th Annual General Meeting here today elaborated that STC effected exports of Rs. 1563 crore and that the same were higher than any of the preceding three years.

On the import front, Shri Rahim conveyed that the organization attained an import turnover of Rs. 17,015 crore. He further said that “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.”

The AGM was attended by Smt. Aditi Das Raut, Director, Department of Commerce, Shri Rajiv Chopra, Director (Marketing), STC, Shri M M Sharma, Director (Personnel), STC, Shri Manoj Mishra, Director (Finance), STC.

State-owned trading corporation profit and strategic diversification into new import commodities announced, expanding trade portfolio and operations. State-owned trading corporation, under the administrative control of the Ministry of Commerce & Industry, reported a trading profit for 2012-13 and disclosed export and import turnover figures showing improved export performance relative to recent years. It announced an operational strategy to diversify beyond agricultural products into imports of coal, non-urea fertilizers, copper, and medical and engineering equipment, demonstrating corporate intent to expand its commodity import portfolio.