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State Trading Corporation of India Limited ( (IN:STCINDIA) ) has issued an update.
The State Trading Corporation of India Limited has announced a change in its board composition, following an order from the Department of Commerce, Ministry of Commerce and Industry. The government has appointed Asit Gopal, Special Secretary and Financial Advisor in the Ministry of Textiles, who also holds additional charge as Additional Secretary and Financial Advisor in the Department of Commerce, as a Government Nominee Director on STC’s board with immediate effect, subject to completion of requisite formalities. This board-level change underscores the continued direct oversight and involvement of senior government officials in the governance of the state-owned trading company, which may influence its strategic decisions, financial oversight, and alignment with broader trade and commerce policy objectives.
More about State Trading Corporation of India Limited
The State Trading Corporation of India Limited (STC), a Government of India enterprise, operates as a trading company engaged in facilitating and managing India’s trade in various commodities and products, serving as an important interface between domestic markets and international commerce.
Average Trading Volume: 11,037
Technical Sentiment Signal: Hold
Current Market Cap: 7.63B INR
See more insights into STCINDIA stock on TipRanks’ Stock Analysis page.