Harsh Baweja has officially assumed the position of Director (Finance) at REC Limited following approval from the Appointments Committee of the Cabinet (ACC) on May 10, 2024.
With over 33 years of extensive experience as a seasoned Chartered Accountant, Baweja’s appointment highlights REC’s commitment to strengthened financial stewardship. Selected as the ideal candidate by the Public Enterprise Selection Board (PESB), Baweja’s selection followed a rigorous evaluation process that considered 11 candidates.
During his tenure as Executive Director of Finance at REC, Baweja demonstrated his adeptness in navigating complex financial landscapes, steering the organization through various challenges with finesse. His strategic acumen and deep understanding of the energy sector’s financial intricacies have played a pivotal role in driving REC’s growth trajectory and enhancing its financial performance over the years.
Baweja’s strategic initiatives have been instrumental in addressing challenges such as stressed assets, significantly contributing to REC’s pursuit of achieving a Net Zero NPA status by the end of the fiscal year. His vision extends to positioning REC as a frontrunner in renewable energy financing, aligning with the company’s commitment to sustainable development.
In his new role, Baweja aims to prioritize securing low-cost borrowing, driving healthy growth for stakeholders, and consolidating REC’s position in renewable energy financing with the objective of achieving zero NPA by the fiscal year’s end.
As Director of Finance, Baweja will lead REC’s financial strategies, ensuring the company’s continued resilience and advancing its initiatives towards sustainable development. His expertise will be pivotal in reinforcing REC’s leadership in the energy finance domain.
