Ajoy Choudhury appointed as Director (Finance) of REC Limited

New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Ajoy Choudhury as Director (Finance) of REC Limited, a Navratna PSU owned by Power Finance Corporation Limited (PFC), indirectly under the administrative control of the Ministry of Power. According to an order from the Department of Personnel & Training (DoPT), Choudhury has been appointed on the post "with effect from the date of his assumption of charge of the post on or after June 1, till the date of his superannuation, i.e. January 31, 2024, or until further orders, whichever is earlier. Currently, he is serving as Executive Director in the same organisation. He is also on the board of REC Power Distribution Company Limited (RECPDCL), a wholly-owned subsidiary of REC Limited.

Earlier, PSU Watch has reported that Choudhury was recommended for the post of Director (Finance) of REC Limited by a PESB panel. He was chosen for the post from a list of four candidates, who were interviewed by the selection panel.

Education & background

Choudhury is B. Com graduate from Kirori Mal College, Delhi University. He is also an Associate Member of the Institute of Cost & Management Accountants of India (ICMAI). He joined REC on April 16, 2017. He is also holding the position of nominee Director on the Board of RECPDCL since March 25 and heads the Resource Mobilization, Corporate Accounts, Treasury and Corporate Social Responsibility (CSR). He has been a member of the core team for implementation of the government's flagship program 'UDAY', a scheme for the turnaround of distribution companies of the power sector. Prior to joining REC, he was Chief Manager in Powergrid Corporation of India Limited (PGCIL) and Accounts Officer in NHPC Limited. He is also Nominee Director on the Board of TRN Energy Private Limited on behalf of REC Limited, since December 12, 2014.