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Chairman & Managing Director
Shri Vivek Kumar Dewangan, a 1993 batch Indian Administrative Service Officer of Manipur Cadre took charge as Chairman & Managing Director of REC Limited on 17th May, 2022.
Speaking on the occasion, Shri Dewangan said “REC is a corporation of national importance and has always been and shall continue to be the Government’s biggest partner in achieving India’s national and international goals. On the business front, there is a need to diversify further into green and sustainable technologies, as well as, newer geographies.”
Shri Dewangan holds a Bachelor of Engineering in Electronics from NIT, Bhopal and a postgraduate degree in Optoelectronics & Optical Communication from IIT, Delhi. Before his appointment in REC, he was serving as Additional Secretary in the Ministry of Power, Government of India.
During his illustrious career as IAS officer, he has held various administrative positions in the areas of Finance, Power / Energy, Petroleum & Natural Gas, Elections / Law & Justice, Commerce & Industries, Minister’s Office [Corporate Affairs / Agriculture & Food Processing Industries], Education / Human Resource Development, Sericulture / Agriculture & Cooperation, Economic Affairs, Economics & Statistics, Rural Development & Panchayati Raj, District Administration [Surguja & Raipur District in Chattisgarh and Senapati District in Manipur] and Revenue Administration.
Shri Vivek Kumar Dewangan is also the ex-officio Chairman of REC’s wholly-owned subsidiary REC Power Development and Consultancy Limited (formerly known as REC Power Distribution Company Limited).
Director (Finance)
Shri Ajoy Choudhury is Director (Finance) of REC Limited since June 1, 2020. He is an Associate Member of the Institute of Cost & Management Accountants of India. He has over 31 years of experience in Indian Power Sector across diverse functions such as International Finance, Contracts Management, Loans & Recovery, Corporate Accounts, Resource Mobilization & Treasury etc. He has been working in REC since April 16, 2007 at Senior Management positions and has been instrumental in implementation of various systemic improvements including formulation of Loan Recovery guidelines, improving communication and services to customers and managing overall Resources and Treasury in REC in an efficient manner. He has also been a member of Core Team for implementation of ‘Ujwal DISCOM Assurance Yojana’ (UDAY), flagship programme of Government of India, aimed at turnaround of Distribution Companies in the Indian Power Sector. Prior to joining REC, he has worked at various levels with Powergrid Corporation of India Limited and NHPC Limited, over 19 years.
As Director (Finance), he provides directions with respect to Financial Management and Operations of the organization encompassing organizational and financial planning, formulation of financial policy, financial accounting, management control systems, cash and funds management, tax planning, mobilization and management of resources, liaison with financial institutions and capital market players. He also supervises treasury functions, lending operations and advises on corporate risk management matters.
He is also a Nominee Director on the Board of two wholly owned subsidiaries of REC i.e., REC Power Distribution Company Limited since March 25, 2019 and REC Transmission Projects Company Limited since June 12, 2020. He also served as a Nominee Director on the Board of TRN Energy Private Limited.
At the date of becoming Director (Finance), Shri Ajoy Choudhury was holding 200 Equity Shares in the Company and has no inter-se relation with any other Director of the Company.
Director(Technical)
Shri V.K. Singh is the Director (Technical) of REC Limited since July 15, 2022. Prior to his elevation, he was serving as Executive Director in the Company. He holds a Bachelor’s Degree in Electrical Engineering from IIT, Roorkee and has over 33 years of experience in the Indian power sector. He joined REC on March 29, 2007, prior to which, he had worked with Power Grid Corporation of India Limited and NTPC Limited.
As Director (Technical), he is responsible for all technical and operational functions of REC, including project & entity appraisal of renewable energy, generation, transmission & distribution projects, financing activities including sanction, disbursement and project monitoring, business development, diversification, and overall functioning of the Company. He has rich experience in transmission project development & management, TBCB process, procurement of goods & services, construction of EHV sub-stations and transmission lines, financial aspects like raising of bonds, commercial paper, ECB etc.
He is also a Director on the Board of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC.
Shri V.K. Singh is holding Nil equity shares in the Company. Further, he has no inter-se relation with any other Director or Key Managerial Personnel of the Company.
Executive Director
Dr. Kajal is an IAS officer of 2008 batch, presently working as Executive Director in REC Ltd. she is looking after GoIprogrammes namely DDUGJY&Saubhagya
Administrative and managerial oversight with technical and strategic inputs on RMNCHA in public sector driven programs. Monitoring throughout project implementation. Driving teams to achieve objectives with tight deadlines. Extensive experience at cross cutting edge with multiple stakeholders such as NGOs, International organizations and others. Skilled in operations, policy design, program management, Negotiation, Strategic Planning, and Monitoring and Evaluation with exceptional inter personal communication skills. A clinically trained obstetrician and gynecologist from PGIMER, India. Passionate for healthcare, completed Global Health Sciences at UCSF. Multi country experience esp LMICs for interventions for "quality health for all."
Executive Director, REC Ltd.
Shri Fuzail Ahmad, is an Electrical Engineering graduate from College Of Technology, G.B. Pant University of Agriculture & Technology, Pant Nagar, Uttarakhand. He has been working in REC since February, 2006. Presently, he is member of the core team for implementation of flagship programmes of Government of India ,namely, DDUGJY and Saubhagya, aiming creation & strengthening of distribution infrastructure in rural areas and universal household electrification. He has headed company’s business in Bihar, Jharkhand & NER States; and, also provided impetus to monitoring of loan assets as head of the PMG division. Prior to joining REC, he served NTPC Ltd. ,Power Grid Corporation of India Ltd. and has experience in Project Management, Planning, O&M of EHV transmission system and advanced technologies as HVDC, FACT, SVCs etc.