Skip to main content
Andhra Pradesh Mineral Development Corporation May ’33

Andhra Pradesh Mineral Development Corporation May ’33

ISIN: INE0TLC07028

Key highlights

key_star
yield_img

Yield

8.10%

rating_img

Rating

AA

min_invest_img

Min. invest

~₹ 1.09L

Interest

Principal

Maturity date

Seniority

Quarterly

Partial redemption by face value

09/05/2033

Senior (listed secured)

Security cover

1X

Incorporated on February 24, 1961 (originally as A.P. Mining Corporation Limited), APMDC is a 100% state-owned Public Sector Undertaking (PSU) under the Government of Andhra Pradesh. The corporation acts as a nodal agency for the exploration, commercial exploitation, processing, and marketing of mineral resources in the state. APMDC is renowned globally as the largest producer and supplier of barytes since 1975, operating the Mangampet deposit and contributing to nearly 90-95% of India's total baryte production. In addition to barytes, bauxite, limestone, granite, and iron ore, the company has recently diversified into coal mining, commencing commercial production at the Suliyari coal block in Madhya Pradesh in 2022. It is also actively planning to expand into minor minerals and beach sand minerals over the coming years.

Key Management Personnel

Mr. Pravin Kumar, IAS

Vice Chairman & Managing Director

Yearly

*All values are in cr

Andhra Pradesh Mineral Development Corporation plans to acquire more land for beach sand mining•49 weeks ago

Andhra Pradesh Mineral Development Corporation (APMDC) is planning to obtain additional leases for 5,000 hectares of beach sand containing rare atomic minerals. The corporation has written to the Union ministry of mines, requesting the allocation of three leases covering 5,000 hectares in Srikakulam district.

Other disclosures

Documents

Disclaimer: Bond details and related information displayed on this page are sourced from Deridata and other available sources and are provided for informational purposes. While BondScanner may review or validate certain information before displaying it, the information may be subject to change and should not be relied upon as the sole basis for any investment decision. Investors are advised to independently verify critical information from the relevant offer documents and other official sources before investing.

Source: Derivium Tradition India Securities Pvt Ltd.

Frequently asked questions

Andhra Pradesh Mineral Development Corporation May ’33Yield 8.10%

Units

Inv. amount

₹0

Exp. returns

₹0

Payout Schedule

By proceeding I agree to the T&C and Privacy Policy