MMTC invites bids for import of complex fertilisers

State-owned trading firm MMTC has invited bids for the import of three grades of complex fertilisers to meet demand in the ongoing kharif season. The kharif season starts with the onset of the South-West monsoon from June.
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Jun 14, 2011, 01.08 PM | Source: PTI

MMTC invites bids for import of complex fertilisers

State-owned trading firm MMTC has invited bids for the import of three grades of complex fertilisers to meet demand in the ongoing kharif season. The kharif season starts with the onset of the South-West monsoon from June.

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MMTC invites bids for import of complex fertilisers

State-owned trading firm MMTC has invited bids for the import of three grades of complex fertilisers to meet demand in the ongoing kharif season. The kharif season starts with the onset of the South-West monsoon from June.

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MMTC invites bids for import of complex fertilisers
State-owned trading firm MMTC has invited bids for the import of three grades of complex fertilisers to meet demand in the ongoing kharif season. The kharif season starts with the onset of the South-West monsoon from June.

Crops like paddy, pulses and oilseeds are largely grown during this season.

The last date for submission of bids is June 21 and a decision on awarding the contract will be taken on the same day, according to the tender document posted on the company's
website.

Prospective bidders have been asked to furnish details on the quantity of NPK complex fertilisers they wish to supply, it added.

The consignment is to be delivered at the Vizag, Kandla, Rozi and Kakinada ports between July and September, the notice
said.

According to official estimates, fertiliser demand is estimated to be 4% higher at 28.8 million tonnes in the ensuing kharif (summer) season, as against 27.7 million tonnes in the year-ago period.

MMTC Ltd stock price

On May 24, 2016, at 15:25 hrs MMTC was quoting at Rs 36.15, down Rs 0.25, or 0.69 percent. The 52-week high of the share was Rs 57.90 and the 52-week low was Rs 29.95.


The company's trailing 12-month (TTM) EPS was at Rs 0.70 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 51.64. The latest book value of the company is Rs 13.59 per share. At current value, the price-to-book value of the company is 2.66.

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