New Delhi: Rajiv Ranjan Jha is set to be the next Director (Projects) of Power Finance Corporation (PFC) Limited. He has been recommended for the post by a panel of the Public Enterprises Selection Board (PESB) on Saturday. He is currently serving as Executive Director in the same organisation. Currently, PFC's Director (Commercial) Praveen Kumar Singh is holding an additional charge as Director (Projects) of the company.
Jha has been recommended for the post of Director (Projects) of PFC Limited from a list of six candidates, who were interviewed by the selection panel. Out of six candidates, five were from PFC and one candidate was from REC Limited.
As Director (Projects) of PFC, Jha will be a member of the board of directors and will report to the Chairman and Managing Director (CMD). He also will be responsible for developing and enforcing sound strategy for effective marketing of products to carry out the lending operations, encompassing techno-commercial appraisal of projects identified and ensuring sound and effective follow-up mechanism to the timely implementation of projects financed thus ensuring an adequate return on investment.
Power Finance Corporation (PFC) Limited is a Navratna PSU under the ownership of the Ministry of Power. Established in 1986, it is the financial backbone of the Indian Power Sector. PFC is the 8th highest profit-making CPSE as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India's largest NBFC and also India's largest infrastructure finance company.
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