State Trading Corporation of India
The Corporation is registered as an autonomous company under the Companies Act, 1956 and functions under the administrative control of the Ministry of Commerce & Industry, Govt. of India. The Corporation has played a key role in the Indian economy.
STC has been in international trade for over five decades. Till 1990, the basket of STC’s trade predominantly comprised bulk agro products, such as, rice, wheat, castor oils, sugar, edible oils, etc. However, to meet the challenges posed by liberalisation and globalisation of trade policies, STC has diversified into new areas of trade over last two decades. Such areas in which the Corporation has diversified include bullion, hydrocarbons, metals, minerals, ores, fertilisers and petro-chemicals. In fact, some of these areas have today grown into major business lines of the company.