Cabinet approves APMDC proposal to raise ₹9,000 crore through debentures

By our Special Correspondent

The Andhra Pradesh State Cabinet, at its meeting chaired by Chief Minister N. Chandrababu Naidu, on Friday approved the Andhra Pradesh Mineral Development Corporation’s (APMDC) proposal to raise ₹9,000 crore through issuance of senior, secured, rated, listed, redeemable, and taxable non-convertible debentures.

According to sources, the Cabinet approved the proposal to establish a ‘Digital Health Nerve Center’ in Kuppam constituency in Chittoor district with an outlay of ₹5.34 crore.