New Delhi: Rajiv Ranjan Jha has assumed charge as Director (Projects) of Power Finance Corporation (PFC) Limited on Thursday. Jha was earlier working as Executive Director (Projects) in PFC before his elevation to the coveted role. In his new role, he will be responsible for developing and enforcing sound strategies for the company to venture into new business avenues and he will also oversee the ongoing projects funded by the company.
The news comes just two days after the government cleared Jha's appointment for the role. According to an official order released by the Department of Personnel and Training (DoPT), Jha has been appointed to the post till the date of his superannuation, ie April 30, 2026, or until further orders, whichever is earlier.
Jha holds a Bachelor's degree in Science (Mechanical Engineering) from NIT Jamshedpur of Ranchi University and an Advanced Diploma in Management from IGNOU.
During his previous role, Jha was responsible for the entire loan portfolio of private sector projects under consortium lending, with PFC as the lead financial institution. He has also handled the renewable energy loan portfolio and has worked extensively in the area of project appraisal (especially for Independent Private Power Projects). He has also been associated with the development and award of UMPPs for which PFC is the nodal agency. Jha has been instrumental in resolving some large-scale stressed assets with a loan value of around Rs 10,000 crore.
Before joining PFC, Jha has worked with Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd) for more than eight years and dealt with the operation and maintenance of their coal-based captive power plant.
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