REC gets new Director (Finance)

New Delhi: REC Limited, a Navratna PSU and one of India's largest power financiers, has announced the appointment of Ajoy Choudhury as Director (Finance) with effect from June 1, 2020 upon the superannuation of the outgoing Director (Finance) Ajeet Kumar Agarwal.

Choudhury brings with him over 33 years of experience working across various functions in the power sector. Prior to joining REC, he worked with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has handled a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation and resource mobilisation.

He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.