New Delhi: State-owned REC Limited announced on Tuesday that Rajiv Ranjan Jha, Director (Projects) of Power Finance Corporation (PFC), has been appointed as the nominee director of PFC on the board of REC, effective April 6, 2026.
Appointment Approved by Ministry of Power
The Ministry of Power, through an official order dated April 6, 2026, approved the nomination of Mr. Jha as the PFC nominee director on the REC board. The filing also confirmed that Jha is not barred from holding a director’s position by any SEBI order or other regulatory authority.
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Professional Background of Rajiv Ranjan Jha
Mr. Jha brings over 37 years of professional experience to the role. Key highlights of his career include:
- Serving as Director (Projects), PFC since October 28, 2021
- Associated with PFC since March 1997
- Prior experience with Visakhapatnam Steel Plant (Nov 1988 – Feb 1997), overseeing operations and maintenance of its coal-based captive power plant and material planning
- Educational qualifications: Bachelor’s degree in Mechanical Engineering from NIT Jamshedpur (Ranchi University) and a Diploma in Management from IGNOU
Context of the Appointment
This appointment follows the Share Purchase Agreement dated March 20, 2019, between the President of India and PFC. REC Ltd informed both the BSE and the National Stock Exchange (NSE) about the development in compliance with SEBI regulations.
About REC Limited
REC Limited is a state-owned enterprise under the Ministry of Power, providing financial assistance for the development of the power sector in India. The company primarily focuses on financing rural electrification, renewable energy projects, and power distribution initiatives across the country.
Read also: REC Limited Wins “ESG and Responsible Business Award” at Net Green Foundation Earth Awards 2026
