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The State Trading Corporation of India Ltd (STC) has registered a total turnover exceeding 5000 crores during April- September this year, an increase of 54 percent over the corresponding period of last year. It has paid a final dividend of 5% for the year 2003-04 to the Govt. of India. The dividend cheque was handed over by Dr. Arvind Pandalai, CMD of STC to the Minister for Commerce and Industry Shri Kamal Nath here today.It has also declared an interim dividend of 15% this year, thus making a total contribution of Rs.5.46 crores to the Exchequer. The Corporation was able to achieve higher profits by negotiating better trading margins.
The Corporation’s domestic sales rose to the level of 150 crores during April- September this year and is confident of achieving another milestone in this year by recording a turnover of Rs. 10,000 crores.
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