Vivek Kumar Dewangan’s tenure as REC CMD ends; PFC CMD gets additional charge

New Delhi: The tenure of REC Limited’s Chairman and Managing Director (CMD) Vivek Kumar Dewangan came to an end on March 20 as he completed his combined tenure of seven years at the Ministry of Power and REC. As Dewangan exited REC, PFC Chairperson Parminder Chopra got the additional charge of CMD post at REC, a regulatory filing said on Friday.

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“In terms of the Ministry of Power Office Order dated March 20, 2025, Parminder Chopra, CMD, PFC has been assigned the additional charge of the post of CMD, REC with immediate effect, for a period of three months or until further orders, whichever is earlier,” the filing said. Accordingly, Chopra assumed the additional charge of the post of REC CMD on March 21, 2025.

Under the Ministry of Power, PFC is a nodal agency for the development of Integrated Power Development Scheme (IPDS), Ultra Mega Power Projects (UMPPs) and Bid Process Coordinator for Independent Transmission Projects (ITPs).

REC, under the same ministry, is a non-banking finance company (NBFC) focusing on power sector financing in India.

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