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The Andhra Pradesh Mineral Development Corporation Ltd., was incorporated on 24th Feb., 1961 as a wholly owned undertaking of the Government of Andhra Pradesh for the development of mineral resources and promotion of mineral based industries in Andhra Pradesh including exploration, exploitation, conservation, processing, beneficiation and conversion into value added products.
APMDC Ltd. is registered under the Companies Act 1956 with an authorized capital of Rs.50 lakhs with full participation by Government of Andhra Pradesh. The Authorized capital has increased, over time, to Rs. 10 Crores while the paid up capital is Rs. 630.62 Lakhs.