Hindustan Copper Limited (HCL) has designated Shri Ajay Chandraker as the new Head of the Department of Materials, Contracts and Marketing. This key appointment, effective March 30, 2026, falls under the ‘Senior Management’ category. Shri Chandraker brings over 32 years of experience, primarily from SAIL, specializing in procurement, inventory optimization, and contract management.
Designation of Senior Management Personnel
The Board of Directors of Hindustan Copper Ltd. (HCL), during its 461st meeting held on March 30, 2026, formally designated Shri Ajay Chandraker to a crucial leadership role. He has been named the Head of the Department of Materials, Contracts and Marketing. This position is classified as ‘Senior Management’ within the organizational structure of HCL.
Profile and Experience of Shri Chandraker
Shri Ajay Chandraker is a qualified Mechanical Engineer with an M.Tech in Operation Research from NIT Durgapur. His professional background includes extensive service spanning 32 years within SAIL (at BSP, DSP & ISP locations). His expertise covers a wide array of functions within Material Management, including Procurement, Inventory optimization, ERP implementation, GeM Procurement, and Vendor development.
Further cementing his qualifications, Shri Chandraker holds a Professional Diploma in Contract Management from the Indian Institute of Materials Management. He has also completed specialized training on Public Procurement at the Arun Jaitley National Institute of Financial Management. He is recognized as a Lifetime Member of the Indian Institute of Materials Management.
Board Meeting Details and Disclosure Compliance
The designation was confirmed following the Board meeting, which commenced at 10:30 AM and concluded at 03:45 PM on the announcement date. HCL confirms that Shri Chandraker is neither related to any existing Director nor any Key Managerial Personnel of the Company or their relatives. This information is being disclosed to meet mandatory regulatory filing requirements.
Source: BSE
