PEC Ltd (formerly – The Project and Equipment Corporation of India Ltd.) was carved out of the STC in 1971-72 to take over the canalized business of STC’s (State Trading Corporation of India Ltd.) railway equipment division, to diversify into turn-key projects especially outside India and to aid and assist in promotion of exports of Indian engineering equipment. With effect from 23rd May, 1990, PEC Ltd. became a subsidiary of the then newly formed Holding Company, Bharat Business International Ltd. Thereafter, from 27th March, 1991, PEC Ltd. became an independent company directly owned by Government of India. The main functions of PEC Ltd. includes export of projects, engineering equipment and manufactured goods, defence equipment & stores, import of industrial raw materials, bullion and agro commodities, consolidation of existing lines of business and simultaneously developing new products and new markets; diversification in export of non-engineering items eg. coal and coke, iron ore, edible oils, steel scraps, etc.; and structuring counter trade/ special trading arrangements for further exports.
Over the years, business of PEC Ltd. has diversified with industrial raw materials, commodities and bullion constituting major part of its turnover and profit. Some of the key initiatives have been consolidation of existing line of business and selective diversification into sustainable business areas improving operational efficiency and cost effectiveness.
PEC Ltd. continues to strive in its efforts to capture new opportunities in international as well as domestic trade to sustain. PEC Ltd. looks forward optimistically to achieve higher targets in future.
PEC Ltd., over last four decades has expanded its role to become an international trading company and a provider of integrated trade facilitating services.
Address : 'Hansalaya', 15, Barakhamba Road, New Delhi - 110001
Telephone : 00-91-11-23316397
Fax : 00-91-11-23315279, 23314797,23313664
Website : http://www.peclimited.com