Shri Vivek Kumar Bajpai Appointed as Part-time Official Director at NALCO

Team Finance Saathi

    29/Nov/2024

What's covered under the article:

  1. Shri Vivek Kumar Bajpai appointed as NALCO's Part-time Official Director.
  2. NALCO updates its Board of Directors with the new appointment.
  3. Shri Bajpai brings over 20 years of experience in public sector administration.

National Aluminium Company Limited (NALCO), a Government of India Enterprise, has announced the appointment of Shri Vivek Kumar Bajpai as a Part-time Official Director on its Board. The appointment was made effective from November 28, 2024, following the Ministry of Mines' order.

As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, NALCO has communicated the appointment to both BSE Limited and National Stock Exchange of India Ltd. The company confirmed that Shri Vivek Kumar Bajpai is not related to any Director or Key Managerial Personnel of NALCO and is not barred from holding the position by any SEBI order or other authority.

A brief profile of Shri Vivek Kumar Bajpai outlines his extensive career. He is an officer in the Indian Railway Service Mechanical Engineers Cadre (IRSME) from the 1999 Batch and has worked in several capacities, including as Chief Project Manager in COFMOW, overseeing projects related to automation and capacity augmentation in the Indian Railways. In April 2022, he joined the Ministry of Textiles as Additional Development Commissioner (Handlooms), responsible for national handloom schemes.

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Currently, Shri Bajpai serves as Joint Secretary in the Ministry of Mines, where he handles the administration of PSUs, international cooperation in the minerals and metals sectors, and exploration activities through the National Mineral Exploration Trust (NMET). He is also a Director on the Board of Hindustan Zinc Limited since July 24, 2024, and the Managing Director of Bharat Gold Mines Limited since September 13, 2024.

NALCO’s Board of Directors, as of November 29, 2024, includes prominent individuals such as Shri Sanjay Lohiya, IAS, the Chairman-cum-Managing Director, and Shri R. C. Joshi, the Director (Finance), along with Shri Vivek Kumar Bajpai as the new Part-time Official Director.

This strategic appointment reflects NALCO's continued commitment to strengthening its leadership and enhancing its operational oversight. NALCO, headquartered in Bhubaneswar, continues to play a pivotal role in India’s aluminium production sector, contributing significantly to the national economy.

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