New Delhi: The Central Government has approved the appointment of Rajneesh Narain as Director (Finance) of Indian Railway Catering and Tourism Corporation (IRCTC), a PSU under the Ministry of Railways. He was recommended for IRCTC's Director (Finance) post by the PESB panel on January 21. Presently, he is serving in NCL at the same capacity.

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The information about the development has been shared by the IRCTC in a regulatory filing to the stock exchanges on Thursday.

IRCTC informed the exchanges that the competent authority has approved the appointment of Narain, who is currently serving as Director (Finance) at Northern Coalfields Limited (NCL), to the post of Director (Finance) at IRCTC on an immediate absorption basis. He will hold the position from the date of assumption of charge until his superannuation on June 30, 2030, or until further orders, whichever is earlier.

Narain is a finance professional with over 26 years of experience in the coal sector. Prior to his appointment as Director (Finance) at NCL, he headed the Corporate Accounts function at SECL and also handled business diversification initiatives.

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An MBA (Finance), he has extensive experience in accounting, taxation, fund management, contract management and budgetary control. He also served as Chief Financial Officer of Chhattisgarh East Railway Limited (CERL) and Chhattisgarh East West Railway Limited (CEWRL), where he played a key role in achieving financial closure for major rail infrastructure projects worth over Rs 8,000 crore.

Narain is known for his expertise in financial management, strategic planning, stakeholder engagement and team leadership.

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