 "MMTC")
Government-owned trading company MMTC Ltd has initiated the process to offload its entire 26 per cent equity in Sical Iron Ore Terminals Ltd (SIOTL), a subsidiary of Sical Logistics. The iron ore terminal has been set up at Kamarajar Port Ltd (formerly Ennore Port Ltd).
This is the second joint venture (JV) company where MMTC is completely exiting its stake.
Earlier in June, the trading firm had invited bids from interested players to sell its residual 9.5 per cent stake in the Indian Commodity Exchange (ICEX), signalling its exit from the bourse.
The MMTC board had decided not to make
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