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Business News/ Companies / News/  Vivek Kumar Dewangan takes charge as CMD of REC
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Vivek Kumar Dewangan takes charge as CMD of REC

Dewangan was serving as additional secretary in the union ministry of power prior to his appointment as the REC CMD

In FY22, the company had reported a 20% growth in its net profit at ₹10,046 crore.Premium
In FY22, the company had reported a 20% growth in its net profit at 10,046 crore.

NEW DELHI : Vivek Kumar Dewangan has taken charge as the Chairman & Managing Director of state-run REC Limited.

Dewangan was serving as additional secretary in the union ministry of power prior to his appointment as the REC CMD.

Speaking on the occasion, Dewangan said: “REC is a corporation of national importance and has always been and shall continue to be the government’s biggest partner in achieving India’s national and international goals."

He noted that NBFC needs to diversify further into green and sustainable technologies, as well as, newer geographies.

A 1993-batch Indian Administrative Service (IAS) officer, Dewangan holds a Bachelor of Engineering in Electronics from NIT, Bhopal and a postgraduate degree in Optoelectronics & Optical Communication from IIT, Delhi.

He has held various administrative positions in the areas of finance, power, petroleum and natural gas, law and justice, commerce and industries, among others.

Dewangan is also the ex-officio Chairman of REC’s wholly-owned subsidiary REC Power Development and Consultancy Limited.

REC Limited is an NBFC focusing on power sector financing and development across India. 

In FY22, the company had reported a 20% growth in its net profit at 10,046 crore.

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ABOUT THE AUTHOR
Rituraj Baruah
Rituraj Baruah is a senior correspondent at Mint, reporting on housing, urban affairs, small businesses and energy. He has reported on diverse sectors over the last six years including, commodities and stocks market, insolvency and real estate. He has previous stints at Cogencis Information Services, Indo-Asian News Service (IANS) and Inc42.
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Published: 19 May 2022, 08:37 PM IST
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