Hyderabad: NMDC Limited, India’s leading mining company, has announced the appointment of Anurag Kapil as its new Director (Finance). The appointment has been approved by the Ministry of Steel, Government of India, and will be effective for a five-year term from the date he assumes charge.
Kapil is currently serving as Executive Director (Finance Expenditure) at the Railway Board and brings extensive experience in public sector finance, administration, and governance.
Key Highlights of the Appointment
- Appointee: Anurag Kapil (IRAS)
- Position: Director (Finance), NMDC Limited
- Tenure: 5 years from date of assumption of charge
- Approval Authority: Ministry of Steel, Government of India
- Announcement Date: March 18, 2026
The appointment has been formally communicated to stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Read also: NMDC and GMDC Sign MoU to Develop Rare Earth Elements Value Chain at Ambadungar in Gujarat
Strengthening Financial Leadership at NMDC
As Director (Finance), Kapil will oversee key areas including:
- Financial strategy and planning
- Budgeting and resource allocation
- Capital management and investments
- Strengthening governance and financial controls
His appointment comes at a time when NMDC is expanding its mining operations and strategic investments, particularly in iron ore and other mineral projects across India.
Extensive Experience in Public Sector Finance
Kapil brings decades of experience in financial management within the public sector, having served in senior roles under the Indian Railway Accounts Service (IRAS).
His expertise includes:
- Government financial systems and expenditure management
- Strategic budgeting and policy implementation
- Administrative leadership in large organizations
This experience is expected to enhance NMDC’s operational efficiency and financial discipline, supporting long-term growth.
Strategic Significance for NMDC
The appointment is seen as a crucial step in strengthening NMDC’s leadership as it continues to scale operations and improve profitability. With increasing focus on resource optimization, cost efficiency, and expansion, strong financial leadership will play a key role in:
- Driving sustainable growth
- Improving financial performance
- Supporting large-scale mining and infrastructure projects
Regulatory Compliance and Governance
NMDC confirmed that the appointment has been made following due process and regulatory compliance. The official order dated March 18, 2026, has been issued by the Ministry of Steel, ensuring transparency and adherence to governance norms.
About NMDC Limited
NMDC Limited is India’s largest iron ore producer and a flagship public sector enterprise under the Ministry of Steel. The company plays a vital role in supplying raw materials to the steel industry and is actively involved in mining, exploration, and development of mineral resources, contributing significantly to India’s industrial and economic growth.
