Sri Lanka State Trading (General) Corporation Limited is a fully government owned institution functioning under the purview of the Ministry of Industry & Commerce. STC has been in the business for over 45 years with ample experience in catering to both public and private sector.
Sri Lanka State Trading (General) Corporation was established under the Sri Lanka State Trading Corporation Act. No 33 of 1070 and notified in Gazette Extraordinary No 14, 939/10 dated 05.01.1970- the date on which the corporation commenced its trading operations.
In 1992, the STC was converted into a Public Limited Liabilities company under the Conversion of Public Corporations and Government owned business undertaking in to Public Companies. The “Lanka General Trading Company Limited” was then established and registered under the Companies Act, No. 17 of 1982, under Company No. N [PBS/CGB]148.
The Company’s name was changed to “STC General Trading Company Limited” in 07.06.2002 and it was subject to change again on the 01.10.2010, giving the organization its current name- “Sri Lanka State Trading (General) Corporation Limited”. The company’s ordinary shares are fully-owned by the State and are held by the Secretary to the Treasury on behalf of the State.