NMDC Steel Limited Appoints Anurag Kapil as Director (Finance) for Five-Year Term
NMDC Steel Limited has appointed Shri Anurag Kapil as Director (Finance) for a five-year term effective March 31st, 2026, through Ministry of Steel order. The appointment brings extensive experience from his 26-year career in Indian Railways and CPSUs, including notable achievements at CONCOR where he delivered record container throughput and revenue growth.
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NMDC Steel Limited has announced a significant leadership appointment with Shri Anurag Kapil joining the Board as Director (Finance), effective March 31st, 2026. The appointment comes through an official order from the Ministry of Steel, Government of India, marking a strategic addition to the company's executive leadership.
Appointment Details and Tenure
The appointment has been formalized through Ministry of Steel Order No. S-14013/1/2024-BLA dated March 18th, 2026, read with earlier Order dated March 20th, 2023. Shri Kapil will serve as Director (Finance) for a period of five years from his assumption of charge on March 31st, 2026, or until further orders from the government, whichever occurs earlier.
| Parameter: | Details |
|---|---|
| Appointee: | Shri Anurag Kapil |
| DIN: | 06640383 |
| Position: | Director (Finance) |
| Effective Date: | March 31st, 2026 |
| Tenure: | Five years or until further orders |
| Appointing Authority: | Ministry of Steel, Government of India |
Professional Background and Experience
Shri Anurag Kapil brings extensive experience as an Indian Railway Accounts Service (IRAS) officer from the 1998 batch, with 26 years of versatile experience spanning Indian Railways and Central Public Sector Undertakings. His career demonstrates a blend of operational expertise and strategic vision across critical sectors.
His educational qualifications include Chemistry Honours from Hans Raj College, Masters in Business Administration in Finance & Marketing from Faculty of Management Studies at University of Delhi, and Masters in Public Affairs from University of Minnesota, USA.
Key Career Positions and Achievements
Throughout his career, Shri Kapil has held various significant positions in Indian Railways, including two tenures as Sr. DFM, FA&CAO/Traffic, FA&CAO/Finance & General, and Deputy Chief Vigilance Officer. He served as Director in the Ministry of Coal from 2013-17, handling various important assignments.
His most recent role was Executive Director Finance (Expenditure) in Railway Board, where he managed policy matters of Ministry of Railways in finance, handled Finance Expenditure of Indian Railways, and oversaw Planning, Concurrence, Productivity Analysis & Monitoring of Railway projects. He empowered Railway PSU governance, including Navratna status of IRCTC & IRFC, capital restructuring of RITES & CONCOR.
Notable Accomplishments at CONCOR
As Director (Finance) CONCOR (Additional Charge), Shri Kapil achieved several milestones:
- Delivered highest-ever container throughput with 8% year-on-year growth
- Achieved highest ever Revenue and PAT (Profit After Tax)
- Facilitated highest dividend with 1:4 bonus share distribution
- Increased Authorized Capital to Rs 600 crore from Rs 400 crore
- Executed highest ever CAPEX
- Spearheaded diversification from Rail Logistics to Multimodal Logistics
International Experience and Board Positions
Shri Kapil has represented India at various international conferences including China Mining-2013, Joint Working Group for Heavy Engineering in Czech Republic, and Clean Coal Technology conferences in Australia. He has conducted road shows for Coal India Ltd disinvestment with Foreign Institutional Investors in USA and London.
He has served as Government Nominee Director on boards of several CPSEs including Singareni Colleries Co. Ltd., Mineral Exploration Corporation Ltd., Railway Energy Management Company Ltd., and Konkan Railway Corporation Ltd. He was awarded the National Award for Outstanding & Meritorious Service in 2009 by the Ministry of Railways, Government of India.
Board Composition Update
Following this appointment, NMDC Steel Limited's Board now comprises directors across three categories: five Functional Directors including Shri Kapil, two Government Nominee Directors, and Independent Directors. The updated board structure includes Chairman & Managing Director Shri Amitava Mukherjee, Director (Technical) Shri Vinay Kumar, Director (Production) Shri Joydeep Dasgupta, and Director (Personnel) Shri Krishna Kumar Thakur.
| Director Category: | Count |
|---|---|
| Functional Directors: | 5 |
| Government Nominee Directors: | 2 |
| Total Board Strength: | 7+ |
Regulatory Compliance
The appointment has been made in compliance with Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Formal intimation has been provided to BSE Limited (Scrip Code: 543768), National Stock Exchange of India Limited (Security ID: NSLNISP), and The Calcutta Stock Exchange Limited (Scrip ID: 74920). The company has confirmed that none of the other Directors are related to Shri Kapil, and he is not debarred from holding directorial positions by SEBI or any other regulatory authority.
Historical Stock Returns for NMDC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.49% | +4.10% | -4.37% | +2.38% | +12.04% | +150.79% |
How will Shri Kapil's multimodal logistics expertise from CONCOR influence NMDC Steel's supply chain strategy and market expansion plans?
What financial restructuring or capital allocation changes might NMDC Steel pursue under the new Director (Finance)'s leadership?
Could this leadership appointment signal NMDC Steel's preparation for potential disinvestment or IPO plans given Kapil's experience with Coal India's disinvestment?
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