State Trading Corporation of India (STC) expects to achieve a turnover of Rs 10,000 crore in FY07 - a growth of 33%.
While exports are projected to grow 25%, imports and domestic sales are expected to increase 35% and 25%, respectively. STC is also expecting its profit before tax to go from Rs 40 crore in FY06 to Rs 53 crore in FY07, up 33%.
STC has signed an MoU with the ministry of commerce underlining its commitment to growth in terms of volumes and profit. The MoU was signed by Arvind Pandalai, chairman-cum-managing director of STC and commerce secretary S N Menon.
STC aims at Rs 10,000cr turnover in FY07
Our Regional Bureau / Mumbai Apr 06, 2006, 16:43 IST
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