Mumbai: REC Limited, a leading public sector enterprise under the Ministry of Power, has announced a key change in its senior leadership. Mr. Harsh Baweja, Director (Finance) and Chief Financial Officer (CFO) of the company, has superannuated effective January 31, 2026.
Harsh Baweja Ceases to Hold CFO and Director (Finance) Roles
Following his superannuation, Mr. Harsh Baweja has officially ceased to hold the positions of Director (Finance) and CFO of REC Limited from February 1, 2026. During his tenure, he played a crucial role in strengthening the company’s financial framework, improving capital management, and reinforcing strong corporate governance practices.
REC acknowledged his contribution in steering the organization’s financial strategy during a period of sustained growth and sectoral transformation.
CMD Jitendra Srivastava Given Additional Charge of Director (Finance)
To ensure continuity in financial leadership, the Ministry of Power, Government of India, has assigned the additional charge of Director (Finance) to Mr. Jitendra Srivastava (IAS), Chairman and Managing Director of REC Limited.
Mr. Srivastava will hold the interim role for a period of three months, or until a regular incumbent is appointed, or until further orders—whichever is earlier. His appointment is expected to provide stability and strategic oversight to the company’s financial operations during the transition period.
Stock Exchange Disclosure and Regulatory Compliance
REC Limited has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about the leadership change, in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The timely disclosure underscores the company’s commitment to transparency, regulatory compliance, and robust governance standards.
Ensuring Continuity Amid Strategic Growth
The leadership transition comes at a time when REC continues to focus on funding power infrastructure, renewable energy projects, and strategic initiatives aligned with India’s energy transition goals. The interim appointment is expected to ensure seamless financial management and decision-making.
About REC Limited
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. The company plays a pivotal role in financing and promoting power sector infrastructure, including generation, transmission, distribution, and renewable energy projects, supporting India’s long-term energy security and sustainable development goals.
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