The State Trading Corporation of India Ltd., together with its subsidiary STCL Limited, engages in the trading business worldwide. The company exports various products, including wheat, rice, tea, coffee, cashew, extractions, castor oil/seed, sugar, spices, jute goods, iron ore, chemicals, pharmaceuticals, light engineering goods, construction materials, consumer goods, processed foods, textiles, garments, jewelry, leather ware, etc. It also imports gold, silver, and other precious metals; hydro-carbons; mineral and metal ores, such as manganese ore and iron ore; petro-chemicals; and steam and hard coking coal, and lam and met coke. In addition, the company imports fertilizers; medical, police and security, intelligence/surveillance, firefighting, avionics, laboratory, tourism, sports, snow clearance, agricultural, and multimedia equipment; and ballistic and engineering items. Further, it acts as a nodal agency to monitor counter trade commitments; and provides a Web-based e-portal for online monitoring of the offsets program. The company was founded in 1956 and is based in New Delhi, India.