Central Mine Planning & Design Institute Limited
Nippon India Mutual Fund entered Central Mine Planning & Design Institute Limited with 2,63,21,755 shares, a 3.69% stake worth ₹689.17 Cr.
Central Mine Planning & Design Institute Limited is a Mini Ratna Category I government enterprise providing end-to-end mining consultancy services across coal and mineral exploration, mine planning, design, and environmental monitoring. Established in 1974 and headquartered in Ranchi, Jharkhand, it operates as a fully owned subsidiary of Coal India Limited with seven regional institutes across India. The company holds approximately 61% market share in India's mining consultancy sector and employs around 900 technical professionals, serving major clients including NTPC, NMDC, and Tata Steel.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.