Hind Rectifiers Ltd announced the appointment of Chidambaram Balakrishnan as Chief Global Growth Officer on Monday. According to reports from The Hindu BusinessLine, Balakrishnan brings over three decades of experience in global business development and market expansion. He has previously served as Managing Director at Caterpillar Rail and Regional Director (South Asia) at GE Transportation. The appointment follows the company's earlier hire of Douglas J Bailey as Global Chief Executive Officer to lead international expansion.
HIRECT announced commercial availability of three copper conductor variants — Continuously Transposed Conductors (CTC), Paper Insulated Copper Conductors (PICC), and Enameled Paper Insulated Copper Conductors (EPICC) — manufactured at its newly inaugurated plant in Sinnar, Nashik. As reported by The Hindu BusinessLine, these conductors are designed for high-power transformers, traction motors and other wound components that serve power grids, railway systems and industrial networks. The company stated these products will also be exported to global markets.
According to The Hindu BusinessLine, Shailesh Jadav, VP Operations at HIRECT, confirmed that their entire supply chain is compliant with EU Conflict Minerals Regulations and Responsible Minerals Initiative. This compliance ensures the company's products meet international standards for responsible sourcing and conflict-free materials.
HIRECT shares closed at ₹1,430.10 on NSE on Monday, down 3.93 per cent from the previous close of ₹1,488.60. As reported by The Hindu BusinessLine, this decline occurred alongside the announcement of the new leadership appointment and product launch.
