Hindustan Copper Limited has announced a key senior management designation following its Board of Directors meeting. The company designated Shri Ajay Chandraker as Head of Department of Materials, Contracts and Marketing, marking a significant organizational development.

Board Meeting Details

The designation was formalized during the company's 461st Board meeting held on March 30, 2026. The meeting commenced at 10:30 AM and concluded at 03:45 PM, during which the Board made this strategic appointment.

Leadership Designation

Shri Ajay Chandraker, who previously served as General Manager (Materials, Contracts and Marketing) at HCL, has been designated to the position of Head of Department of Materials, Contracts and Marketing. This role is classified under the 'Senior Management' category within the company's organizational structure.

The company has confirmed that Shri Chandraker is not related to any Director or Key Managerial Personnel of HCL and their relatives, ensuring independence in the appointment.

Professional Background

Shri Chandraker brings extensive experience to his new role, with a distinguished career spanning 32 years in the steel industry. His professional credentials include:

Areas of Expertise

Shri Chandraker's wide-ranging experience encompasses several critical areas of materials management:

• Material Management Department operations
• Procurement processes and optimization
• Inventory optimization strategies
• ERP implementation and management
• GeM (Government e-Marketplace) Procurement
• Vendor development and management

Regulatory Compliance

The designation announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited for information and record purposes.

This senior management change reflects Hindustan Copper Limited's commitment to strengthening its leadership team with experienced professionals who can drive operational excellence in critical departments such as materials management and marketing.

Hindustan Copper Limited has announced a major capacity expansion with its board approving the construction of a new copper concentrate plant at the Malanjkhand Copper Project in Madhya Pradesh. The decision was taken during the company's 461st board meeting held on March 30, 2026.

Project Details and Financial Commitment

The board has sanctioned the construction of a 3.0 MTPA (Million Tonnes Per Annum) copper concentrate plant with significant financial implications for the company.

Board Meeting Proceedings

The 461st board meeting of Hindustan Copper Limited commenced at 10:30 AM and concluded at 3:45 PM on March 30, 2026. During this meeting, directors approved the proposal to place the work order with Ardee Engineering Limited for the turnkey construction of the new facility.

Strategic Significance

The Malanjkhand Copper Project represents one of India's significant copper mining operations, and this expansion aligns with the company's growth strategy. The new 3.0 MTPA copper concentrate plant will enhance the processing capabilities at the facility, potentially increasing the overall production capacity of the project.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Mritunjay Kumar Dev signed the disclosure document, ensuring proper regulatory adherence for this material development.

This expansion project represents a substantial investment in India's copper processing infrastructure and demonstrates Hindustan Copper Limited's commitment to enhancing its operational capabilities in the domestic copper sector.