NMDC Limited has announced the appointment of Shri Anurag Kapil as Director (Finance) effective March 31, 2026 (A/N). This appointment is based on an Order from the Ministry of Steel, Government of India. Shri Kapil brings 26 years of versatile experience from Indian Railways and Central Public Sector Undertakings (CPSUs), specializing in finance and strategic management across critical sectors.
Key Management Change at NMDC
NMDC Limited has formally announced a significant change in its directorate structure. Notice is hereby given regarding the appointment of Shri Anurag Kapil (DIN 06640383) to the position of Director (Finance) on the Company’s Board.
This appointment, sanctioned by the Ministry of Steel, Government of India, is for a tenure of five (5) years commencing from the date of assumption of charge, which is set for 31st March 2026 (A/N), or until further orders are issued.
Profile of Shri Anurag Kapil
Shri Anurag Kapil is an officer of the Indian Railway Accounts Service (IRAS), 1998 Batch. He possesses 26 years of experience within Indian Railways and CPSUs, marked by a blend of operational expertise and strategic vision.
His qualifications include a Chemistry Honors degree from Hans Raj College, an MBA (Finance & Marketing) from the University of Delhi, and a Master’s in Public Affairs from the University of Minnesota, USA. His prior roles in Indian Railways spanned areas such as Sr. DFM, FA&CAO/Traffic, and FA&CAO/Finance & General.
Crucially, he served as Director in the Ministry of Coal from 2013-17. His most recent role was Executive Director Finance (Expenditure) in Railway Board, where he oversaw policy matters related to finance, expenditure, planning, and productivity analysis for Railway projects. He played a key role in empowering Railway PSU governance, including handling the restructuring of RITES & CONCOR.
Expertise and Contributions
Shri Kapil holds rich experience in Finance Management, Government Accounting, and Personnel Management. His expertise covers Policy Analysis, Project Evaluation & Funding, Strategic Planning & Management, and Budgetary Control.
He has been instrumental in policy formulation concerning coal blocks auction, pricing of coal, valuation of cancelled coal blocks, and coal washeries. Furthermore, he oversaw significant corporate actions, including the disinvestment of Neyveli Lignite Corporation and Coal India Limited, and the formation of the Central Public Sector Enterprise Exchange Traded Fund.
While serving as Director (Finance) at CONCOR (Additional Charge), he strengthened finances, achieving the highest-ever container throughput, highest Revenue & PAT, and a 1:4 bonus share distribution. He also spearheaded CONCOR’s diversification toward Multimodal Logistics, exploring green logistics and establishing the Bharat Container Shipping Line (BCSL) in a JV with SCI.
He has served as a Government Nominee Director on the Boards of several CPSEs, including Singareni Colleries Co. Ltd. and Konkan Railway Corporation Ltd. He was honored with the National Award for Outstanding & Meritorious Service in 2009 by the Ministry of Railways.
Board Composition Update
NMDC confirms that none of the other Directors on the Board are related to Shri Anurag Kapil. The announcement is accompanied by the updated comprehensive list of Directors for NMDC Limited, effective from this date.
Source: BSE
