Hyderabad: Anurag Kapil, a 1998-batch Indian Railway Accounts Service (IRAS) officer, has taken charge as Director (Finance) at NMDC Limited, India’s largest iron ore producer. His appointment, approved by the Ministry of Steel, is for a tenure of five years effective from March 31, 2026.
Appointment and Leadership Transition
The appointment of Anurag Kapil has been formalized through an official order issued by the Ministry of Steel. He joins the board at a crucial time as NMDC continues to expand its operations and strengthen its financial strategy.
With over 26 years of experience in Indian Railways and Central Public Sector Undertakings (CPSUs), Kapil brings a strong mix of financial expertise, policy knowledge, and governance experience to the role.
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Extensive Experience in Railways and Public Sector
Before joining NMDC, Kapil served as Executive Director, Finance (Expenditure) at the Railway Board, where he handled key areas such as financial policy, expenditure management, planning, project monitoring, and productivity analysis for Indian Railways.
During his career, he has held several important positions including:
- Senior Divisional Finance Manager
- FA&CAO (Traffic)
- FA&CAO (Finance & General)
- Deputy Chief Vigilance Officer
He also served as Director in the Ministry of Coal, contributing to critical policy formulation and sectoral initiatives.
Strong Track Record in Financial Strategy and Governance
Kapil has played a key role in strengthening PSU governance through initiatives like:
- Capital restructuring
- Memorandum of Understanding (MoU) frameworks
- Disinvestment proposals
- Financial approvals across Railway PSUs
His expertise spans budgetary control, cost-benefit analysis, PPP frameworks, contract management, and strategic planning, making him a well-rounded financial leader.
Key Achievements at CONCOR
While holding additional charge as Director (Finance) at CONCOR, Kapil delivered several notable achievements:
- Record container throughput with consistent growth
- Highest-ever revenue and profit after tax (PAT)
- Increased authorized capital and dividend payouts
- Led diversification into multimodal logistics
- Executed major capital expenditure (CAPEX) initiatives
International Exposure and Board-Level Experience
Kapil has represented India at various international forums related to mining, clean coal technology, and energy collaboration. He has also been associated with disinvestment roadshows in global markets like the US and London.
He has served as a Government Nominee Director on the boards of several CPSEs, including:
- Singareni Collieries Company Limited
- Mineral Exploration Corporation Limited
- Railway Energy Management Company Limited
- Konkan Railway Corporation Limited
Academic Background and Training
Kapil holds:
- Bachelor’s degree (Honours) in Chemistry from Hans Raj College, Delhi
- MBA in Finance and Marketing from Faculty of Management Studies (FMS), Delhi University
- Master’s in Public Affairs from the University of Minnesota, USA
He has also undergone advanced training in finance, strategic management, PPP frameworks, and vigilance, including programs at leading institutions like ISB.
Strengthening NMDC’s Financial Leadership
With his appointment, NMDC aims to further strengthen its financial management, investment strategies, and governance framework. His extensive experience in public sector finance and infrastructure is expected to play a crucial role in supporting NMDC’s long-term growth and expansion plans.
About NMDC
NMDC Limited is India’s largest iron ore producer and a leading public sector enterprise under the Ministry of Steel. The company plays a vital role in supplying raw materials to the steel industry and contributes significantly to the country’s infrastructure and economic development. NMDC is also expanding into steel production and mining diversification to support India’s growing industrial needs.
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