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Andhra Pradesh Mineral Development Corporation Limited

Andhra Pradesh Mineral Development Corporation Limited

ISIN: INE0TLC07101
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Key Highlights

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Yield

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Rating

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Min. Invest

8.65%

AA

~₹ 1.04 Lakh

Interest

Principal

Maturity date

Seniority

Quarterly

At Maturity

07/05/2032

Senior

Security Cover

1X

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

Financials

Yearly

*All values are in cr

Company Updates

Andhra Pradesh Mineral Development Corporation plans to acquire more land for beach sand mining

25 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

Andhra Pradesh Mineral Development Corporation LimitedYield 8.65%

Units

Inv. Amount

Exp. Returns

Payout Schedule

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