No decision on strategic disinvestment of MMTC

The government has not taken any decision on strategic disinvestment of MMTC, Parliament was informed on Wednesday.

New Delhi: The government has not taken any decision on strategic disinvestment of MMTC, Parliament was informed on Wednesday.

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Anupriya Patel said the state-run trading firm has registered a profit of Rs 1,076.07 crore in 2022-23 against a loss of Rs 241.93 crore in 2021-22.

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“Currently, the accounts for 2023-24 are under finalisation,” she said.

The government currently holds 99.33 per cent stake in MMTC.

“The Government has not taken any decision on strategic disinvestment of MMTC,” she added.