MMTC appoints Asit Gopal as government nominee director

State-owned MMTC Ltd on Tuesday (January 27) said Asit Gopal has been appointed as a government nominee director on the board, pursuant to an office order issued by the Department of Commerce, Ministry of Commerce & Industry, Government of India. The appointment was made on January 27, 2026.

Gopal is currently serving as Special Secretary and Financial Advisor in the Ministry of Textiles, with additional charge of several other ministries, including Commerce & Industry.

Last week, MMTC-PAMP said it is planning to start silver recycling at its existing stores on a pilot basis within three months as rising demand threatens to create serious supply-side constraints, the company’s top executive said.

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Managing Director and CEO Samit Guha said the company is entering silver recycling because the economics are now more favourable, while global mine production capacity shows no signs of significant expansion despite growing demand.

Second Quarter Results

MMTC had reported a standalone profit of ₹133.59 crore for the quarter ended September 30, 2025, compared with a profit of ₹36.67 crore in the preceding June quarter. Profit for the corresponding quarter last year stood at ₹38.16 crore.

Total income during the September quarter came in at ₹38.47 crore, lower than ₹71.56 crore in the June quarter and ₹44.58 crore in the year-ago period. Revenue from operations stood at ₹1.10 crore, while other income was ₹37.37 crore.

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MMTC Ltd shares closed at ₹64.97 on the NSE on January 27, up ₹1.14 or 1.79%.