National Commodity & Derivatives Exchange Limited
IFFCO's Shareholding: 10%
National Commodity & Derivatives Exchange Limited (NCDEX) is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It commenced its operations on December 15, 2003.In addition to IFFCO, other shareholders are Canara Bank, Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), ICICI Bank Limited and National Stock Exchange of India Limited (NSE) and CRISIL Limited (formerly the Credit Rating Information Services of India Limited).
NCDEX is a national level, technology driven de-mutualized on-line multi commodity exchange with an independent Board of Directors and professional management - both not having any vested interest in commodity markets.
NCDEX currently offers contracts in 25 commodities, which include 23 agricultural commodities, 1 bullion commodity and 1 metal commodity contracts.
NCDEX has over 226 trading cum clearing members, 217 trading members, 7 Strategic Trading cum Clearing Member and 2 Professional Clearing members.
NCDEX has 278 approved warehouses with a storage capacity of about 11.53 lakhs MT for storage and delivery of commodities traded on its platform.
It has approved 12 clearing banks for ensuring smooth operations, clearing and settlement of trades put through by its trading and clearing members.
IFFCO's endeavour had always been to ensure that the farmers receive best quality fertiliser input at economical price. This association facilitates enhancement in the scope of services for farmers wherein the farmers can realise higher prices, minimise risk and strive for reliable market conditions.www.ncdex.com