MMTC aims at Rs 30,000cr turnover in 2yrs

Having posted a turnover of Rs 15,138 crore in 2004-05, Minerals and Metal Trading Corporation (MMTC) hopes to double its business volume, with a focus on the precious metal business, to Rs 30,000 crore in the next two years.

"Expecting buoyancy in the precious metal business in the country, MMTC is mainly looking at growth in the precious metal business, which includes gold, silver, diamond and platinum in the domestic market despite price fluctuations," Preeti Kaur, chief general manager of MMTC, said today.

"We earned a business of Rs 8,200 crore from our precious metal division last fiscal, and we expect it to touch Rs 10,000 crore in the next two years," Kaur added.

MMTC is also planning to open an additional 6-7 retail showrooms in the coming years besides adopting the franchise route for strengthening its retailing segment. MMTC has two showrooms in Delhi and one each in Mumbai and Chennai.