Bizz Buzz Bureau Vijayawada

AndhraPradesh Mineral Development Corporation Limited (APMDC), a State Government Undertaking, has been conferred the prestigious “Best State Linked Issuer” Award at the ASSOCHAM IX National Summit & Awards on Corporate Bond Market, held in Mumbai.

The award presented on Thursday recognises APMDC’s successful initiative in accessing the corporate bond market and mobilising Rs9,000 crore through secured Non-Convertible Debentures (NCDs), marking a significant fund-raising initiative by a State-linked entity.

APMDC expressed its sincere gratitude to Chief Minister N. Chandrababu Naidu Garu, for his visionary leadership and guidance.

The Corporation also acknowledged the valuable support extended by the Finance Department, f Industries & Commerce/Mines & Geology Department; and other institutions and agencies that facilitated the successful bond issuance. Under the leadership of Pravin Kumar, Managing Director, APMDC, the corporation successfully mobilised Rs9,000 crore through secured NCDs, backed by the support of the State Government.