Andhra Pradesh Mineral Development Corporation May ’29
ISIN: INE0TLC07069
Key highlights
Yield
Rating
Min. Invest
8.6%
AA
~₹
1.03 Lakh
Interest
Principal
Maturity date
Seniority
Quarterly
Partial redemption by face value
08/05/2029
Senior (Listed secured)
Security cover
1X
Payout schedule
About the company
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
View all team
Financials
Operating IncomePATNet Worth
Yearly
*All values are in cr
Company updates
News
Andhra Pradesh Mineral Development Corporation plans to acquire more land for beach sand mining
•
32 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
ISIN details
Credit rating
Coupon details
Key information document
Rating report
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Andhra Pradesh Mineral Development Corporation May ’29Yield 8.6%