MMTC Shares Surge Over 25% in Two Sessions

MMTC shares surged over 6 per cent on Friday, extending its gains to over 25 per cent in two sessions. MMTC shares had jumped over 18 per cent on Thursday after the government allowed iron ore exports by the state-run company to Japanese and South Korean steel mills, including that of Posco's, for next three years. State-run MMTC is one of the largest exporters of minerals from India. MMTC's earlier contract to supply iron ore for f...