1. MMTC Limited is India’s largest international trading organization.
2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa.
Which of the statements given above is/are correct?
Explanation
MMTC has played a key role in India’s international trade landscape while also contributing to industrial growth through projects like NINL.
Statement 1 is correct: MMTC Limited (Metallic Materials Trading Corporation of India) is one of India’s largest public sector trading companies and the largest in the field of inter-national trade. It handles both exports and imports, primarily dealing with metals, minerals, and other commodities. MMTC is involved in the trading of precious metals, ores, and other products, making it the largest trading organization in India in its sector.
Statement 2 is correct: Neelachal Ispat Nigam Limited (NINL) is a joint venture between MMTC Limited, Government of Odisha, and other stakeholders. It was established to set up a steel plant in the state of Odisha. The venture focuses on the production of steel and other related activities, contributing to industrial growth in the region.