Archive · 22 Aug 2026
APMDC Wins Assocham Honour for ₹9,000-Crore Bond Mobilisation
APMDC is a company owned by the Andhra Pradesh government.
It raised ₹9,000 crore by issuing secured financial instruments called non-convertible debentures.
The corporation received an award for this fundraising work.
The award was presented by Assocham at an event in Mumbai.
APMDC said Chief Minister N Chandrababu Naidu and several government departments supported the effort.
Managing director Pravin Kumar led the corporation during the exercise.
A seven-member jury examined the organisations competing for the award.
APMDC said the recognition encourages it to maintain transparency, financial discipline and good governance.
APMDC won Assocham’s Best State-Linked Issuer award at a corporate bond summit in Mumbai.
The state-owned corporation mobilised ₹9,000 crore through secured non-convertible debentures.
The fundraising was conducted under managing director Pravin Kumar, with Andhra Pradesh government backing.
APMDC credited Chief Minister N Chandrababu Naidu and several state departments for their support.
The award assessment covered governance, compliance, innovation, performance, administration and industry impact.
- Who
- The Andhra Pradesh Mineral Development Corporation Limited (APMDC), under managing director Pravin Kumar, received the award.
- What
- APMDC won the Best State-Linked Issuer award for mobilising ₹9,000 crore through secured non-convertible debentures.
- When
- The award was presented on Thursday, according to one report; another described the event as having taken place recently.
- Where
- The Assocham summit and awards were held in Mumbai.
- Why
- The award recognised APMDC’s bond mobilisation, governance, regulatory compliance, financial management and contribution to mineral-sector development.
- Award
- Best State-Linked Issuer
- Awarding organisation
- Assocham
- Amount mobilised
- ₹9,000 crore
- Financial instrument
- Secured non-convertible debentures (NCDs)
- Government backing
- Andhra Pradesh government
- Assessment
- Governance, compliance, innovation, business performance, strategic initiatives, operational efficiency and industry impact
- Jury
- Independent seven-member jury comprising regulatory, financial and corporate-sector experts
