Consequently, the government decided to separate STC and establish a dedicated corporation focused solely on mineral and metal trade.
[3] STC diversified its trading portfolio, including the export of various products such as agricultural commodities (e.g., wheat and rice) and essential goods (e.g., sugar and pulses).
The company also ventured into the hydrocarbon sector by supplying coal to state electricity boards and importing kerosene.
[7][8] Commerce and Industry Minister Suresh Prabhu mentioned that a merger of MMTC and STC was under consideration to streamline operations and eliminate overlaps.
The merger would have resulted in synergies between overlapping operations, and the government would have borne the expenses for voluntary retirement schemes for employees.