A cheque of Rs. Nine crore was presented here today to Union Minister of Commerce & Industry Shri Anand Sharma by Shri D S Dhesi, Additional Secretary, Department of Commerce and CMD, Metals and Minerals Trading Corporation of India Ltd. (MMTC) towards 10% dividend for fiscal 2012-13.

MMTC, one of the largest international trading companies of India , at its 50th Annual General Meeting held on 30th September, 2013 had declared pay out of 10% for 2012-13 on its paid up equity capital of Rs.100 crores out of the accumulated profits of the company for the previous year.

MMTC concluded fiscal 2012-13 by achieving a business turnover of Rs. 28,415.62 crores which includes exports of Rs.2,979.54 crore, imports of Rs. 20,954.41 crore and domestic trade of Rs.4,481.67 crore. The company has been paying dividend uninterruptedly since 1970. So far the company has paid a total dividend of Rs.566.32 crores to Government of India since its inception apart from issue of Bonus Shares of Rs. 97.00 crores to Government of India.

Dividend declaration: state trading company paid a fiscal-year dividend from accumulated profits to the government shareholder. MMTC declared a dividend for fiscal 2012 13 at its 50th Annual General Meeting and presented a cheque to the Government of India; the payout was made from accumulated profits against paid up equity capital. The release records the formal handover to the Union Minister and situates the dividend within MMTC's fiscal turnover and its uninterrupted history of distributing dividends and bonus shares to the government shareholder.