STC aims at Rs 10,000cr turnover in FY07

 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.