REC Limited announced the appointment of Harsh Baweja as Chief Financial Officer. Date of With effect from May 14, 2024. Shri Harsh Baweja is a Chartered Accountant with an impressive 33-year tenure in steering financial operations across multiple institutions.

As a Fellow Member of the Institute of Chartered Accountants of India (I CAl) and a holder of a Diploma in Information Systems Audit from ICAI, his credentials reflect proven track record in navigating complex financial landscapes. With a wealth of experience spanning over three decades, his previous role as Executive Director (Finance) at REC, showcased his adeptness in leading both state and private sector financing, showcasing exceptional acumen in managing diverse business verticals and financial portfolios. His tenure as Executive Director of Finance at REC saw him steer the organization through diverse financial challenges, demonstrating a keen understanding of financing sector.

His expertise includes organizational and financial planning, formulation of financial policies, financial accounting, management control systems, lending operations, cash and fund management, tax planning, optimization of financial resources & its mobilization and liaison with financial institutions, capital market players & State's top officials at the helm of affairs. With extensive experience overseeing REC's business in key locations, Shri Baweja possesses an intimate understanding of the intricate financial dynamics within the energy sector. His strategic insights have significantly contributed to REC's growth trajectory and bolstered its financial performance over the years.

In his capacity as Director of Finance, Shri Baweja will spearhead REC's financial strategies, ensuring the company's continued financial resilience and facilitating its ongoing initiatives towards sustainable development. His expertise will be pivotal in strengthening REC's position as a leading player and best trusted brand in infrastructure and power sector non-banking finance industry. Shri Baweja holds 6,745 equity shares in the Company.