Harsh Baweja has assumed the role of Director (Finance) at REC Limited following the Appointments Committee of the Cabinet’s (ACC) approval on May 10, 2024. His selection, endorsed by the Public Enterprise Selection Board (PESB), came after a comprehensive evaluation process involving 11 candidates. Baweja, a Chartered Accountant with over 33 years of experience, brings substantial expertise in financial and business operations from various institutions.

His previous tenure as Executive Director of Finance at REC demonstrated his ability to manage complex financial challenges and his deep understanding of both public and private sector financing. Baweja’s career highlights include overseeing key business offices and driving strategic initiatives that have significantly improved REC’s financial performance, including efforts towards achieving a Net Zero NPA status and diversifying the financing portfolio with a focus on renewable energy.

In his new role, Baweja emphasized his commitment to securing low-cost borrowing, fostering healthy growth for stakeholders, and advancing REC’s leadership in renewable energy financing. His leadership will be crucial in maintaining REC’s financial resilience and supporting its sustainable development goals.