Parminder Chopra, the Chairperson and Managing Director (CMD) of Power Finance Corporation (PFC), has been assigned the additional charge of CMD at REC Limited. According to a regulatory filing, the Ministry of Power issued an office order on March 20, 2025, appointing Chopra to the role with immediate effect for a period of three months or until further orders. She officially assumed the additional charge on March 21, 2025.
Chopra’s appointment follows the completion of Vivek Kumar Dewangan’s tenure as CMD of REC Limited. Dewangan stepped down after completing a combined seven-year tenure at the Ministry of Power and REC.
REC Limited, a key non-banking financial company (NBFC) under the Ministry of Power, specializes in power sector financing across India. Meanwhile, PFC, where Chopra continues to serve as CMD, plays a crucial role in implementing projects such as the Integrated Power Development Scheme (IPDS) and Ultra Mega Power Projects (UMPPs).
