| Arvind Pandalai, chairman and managing director, STC, said, "We aim to double our turnover from $2.1 billion to $4.5 billion by 2008." | |
| Elaborating on his plans, he said, "STC has secured exclusive rights from DuPont to import fibre and weaving technology used for making bullet-proof jackets, attires used by bomb disposal squads etc. The organisation would soon start production of these items for armed and para-military forces." | |
| The trading giant is among a few companies in the world having a DuPont licence for manufacturing bullet-proof jackets, he added. | |
| However, Pandalai refused to give further details about the quantity of such jackets to be produced. | |
| "Currently, we are the sole supplier of iron ore to steel manufacturers in the Philippines and we have set up a exclusive warehouse there. We have allowed those steel makers to pay for the quantity lifted by them. We are exploring possibilities for similar tie-ups with steel manufacturers in India and abroad as well," he said. | |
| The company has entered into deals with some Indian mining firms to supply iron ore to China. It has also obtained a mining lease over 514 hectare in Karnataka, he added. | |
| The company is also importing coal for National Thermal Power Corporation (NTPC) and handling the entire import operations for them, right from identifying coal suppliers to physically delivering coal to NTPC. | |
| Commodity trading has always been the mainstay of STC. It plans to import high-end edible oil products such as edible oil used by the baking industry or vegetable butter, an alternative for normal butter, Pandalai said. | |
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