State Trading Corporation of India (STC) is an international trading house, owned by the Government of India. Incorporated in 1956, it is a canalizing agency for export marketing of items entrusted to it, development of supply base and import distribution. Its areas of operations are exports from India, imports into India, domestic trading and market support operations. It has developed several new areas of business over the last two years. These include foodgrains, bullion, hydrocarbons, minerals, metals and fertilisers. The Corporation signed a MoU with Mysore Minerals for export of iron ore on 50:50 profit sharing basis and a quantity of 0.12 million MT was contracted under the MoU for export to China. STC is based in New Delhi, India.