New Delhi: Ajoy Choudhury is set to be Director (Finance) of REC Limited, a Navratna PSU owned by Power Finance Corporation Limited (PFC), indirectly under the administrative control of Ministry of Power. Choudhury has been recommended by a Public Enterprises Selection Board (PESB) panel on Wednesday. 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.
Choudhury has been chosen for the post of Director (Finance) of REC Limited from the list of four candidates, who were interviewed by the selection panel. A total of three candidates including Choudhury were from REC Limited and one candidate was from PFC Limited.
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.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)