At a meeting to elect the leader of the legislative party, Das' name was proposed by former assembly speaker CP Singh and seconded by others.
The official announcement would come shortly, after which Das will meet the governor and stake claim for the formation of government.
Raghubar Das is likely to take oath by Sunday, well ahead of the expiry of the outgoing government's term on January 3, 2015.
Hemant Soren, who led the 15-month-old UPA government, resigned as chief minister on Tuesday after his party - the Jharkhand Mukti Morcha (JMM) - ended well short of the target with just 17 seats
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