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REC Limited Appoints Ajoy Choudhury as the Director-Finance

Ajoy Choudhury has been promoted to the post of Director in the Finance sector after his 14 years of experience of working in cross-sectional portfolios for REC Limited.

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Effective from 1st June 2020, Ajoy Choudhury will assume the role of Director (Finance) with REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers. He will succeed in the erstwhile Director (Finance) Ajeet Kumar Agarwal. 

Ajoy Choudhury has had a high-scaling career with over 33 years of experience working transversely in various functions of the power sector. Prior to joining REC, he has operated with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has managed a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation, and resource mobilization. He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.  

Adding to the paramount responsibilities of his current role, he is also a nominee director on the board of REC-PDCL, an exclusively owned subsidiary of REC Limited, and TRN Energy Pvt. Ltd., a subsidiary of ACB (India) Power Limited.

About REC Limited: REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years in the area of its operations. It provides financial assistance across the power sector value chain. Apart from this, REC is also the nodal agency for Govt. of India flagship schemes in the Power sector like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Saubhagya, etc.


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REC Limited Director of Finance Ajoy Choudhury

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