PFC Chairman takes Additional Charge of CMD, REC Ltd

New Delhi: Ravinder Singh Dhillon, Chairman of Power Finance Corporation has taken the additional charge of Chairman and Managing Director (CMD) of REC Limited for three months due to the elevation of S.K.G Rahate to the post of Secretary to the Government of India, the Ministry of Power, Government of India 

''Government of India vide order dated May 10, 2022, has communicated that Ravinder Singh Dhillon, CMD, PFC will look after the work of CMD, REC Ltd from May 10, 2022, in addition to his current responsibilities, for three months or until further orders, whichever is earlier,'' REC said in a BSE filing. Dhillon is not related to any other director of the company, it mentioned.

Accordingly, wef May 10, 2022, Dhillon is not inter se related to any other Director of the Company. Further, as per the declaration given by him, Shri Dhillon is not debarred from holding the office of the Director by virtue of any SEBI order or any other such authority.

With over 36 years of varied experience spread across the entire value chain of the power sector, he is very diversified in his work. The experience covers 3 years in Bharat Heavy Electricals Ltd, 6 years in Central Electricity Authority, and 27 years in PFC, playing a key role in project appraisal, financial modeling, project monitoring, and stressed asset resolution.