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Cash-strapped MMTC may be shifted from SCOPE Complex

By IndianMandarins- 11 Nov 2020
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cash-strapped-mmtc-may-be-shifted-from-scope-complex

Power corridors are abuzz that cash-strapped state-owned company Metals and Minerals Trading Corporation of India (MMTC) may be shifted to State Trading Corporation (STC) building located in Cannaught Place, New Delhi. Presently, MMTC is housed in SCOPE Complex at Lodhi Road, New Delhi.

In the wake of the deteriorating financial position of the company arising from huge unprofitable expenditure and worsening financial position MMTC has not been able to pay salary for October 2020 though it somehow managed to pay for September 2020 in two installments though without perks.

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