In a significant leadership development, REC Limited, one of India’s leading public sector undertakings in the power sector, has announced the appointment of Shri Jitendra Srivastava, IAS (Bihar Cadre, 2000 Batch), as its Chairman and Managing Director (CMD). The appointment will be effective from April 22, 2025, marking the commencement of a new chapter for the company’s leadership.

Experienced Bureaucrat with Multi-Sector Expertise

Shri Jitendra Srivastava brings a distinguished administrative career spanning over two decades. As a seasoned Indian Administrative Service (IAS) officer, he has served in both the Government of India and the Government of Bihar, handling a wide spectrum of responsibilities across various domains such as finance, power, infrastructure, education, and public health.

Until his recent appointment, he was serving as the Joint Secretary in the Department of Drinking Water & Sanitation, Ministry of Jal Shakti, since January 2023. Prior to this, he held key positions including Secretary in the Home Department and the Public Health Engineering Department (PHED) for the Government of Bihar.

Educational Background and Skill Set

Srivastava’s academic credentials also reflect his commitment to public administration and policy. He holds a Bachelor’s degree in Economics (Hons) from Hansraj College, Delhi University, and an MBA in Finance from the Cochin University of Science and Technology. This solid academic background complements his extensive administrative experience, enabling him to make informed and strategic decisions in leadership roles.

Transition of CMD Role at REC

The current appointment replaces the previous CMD who was handling the role under additional charge. With this transition, REC Limited now has a full-time leader to steer its future course, bringing continuity, accountability, and renewed strategic focus. The Ministry of Power and associated government bodies have backed the move as a part of larger reforms to enhance the effectiveness of PSU leadership in the country.

About REC Limited

REC Limited, formerly known as Rural Electrification Corporation Limited, is a Maharatna Central Public Sector Enterprise under the Ministry of Power. It plays a pivotal role in financing and promoting power sector projects across India, especially focusing on rural electrification and infrastructure development. The appointment of a full-time CMD is expected to accelerate the implementation of critical projects and improve coordination with state and central power utilities.

Why This Appointment Matters

The elevation of Jitendra Srivastava to the top role comes at a time when India’s power sector is going through major reforms. As energy demand continues to rise and focus shifts toward sustainable and renewable energy, leadership at key institutions like REC will be vital in meeting national objectives.

Srivastava’s experience in both the finance and public health sectors provides him with a unique, multi-disciplinary perspective that is likely to benefit REC’s ambitious goals, including decentralized energy systems, rural electrification, and green energy financing.

No Conflict of Interest or Related Party Involvement

As per the company’s filing and standard governance disclosure, there is no relationship between Mr. Srivastava and any of the current directors of REC Limited. Additionally, this appointment does not constitute a related party transaction, confirming that it is a regular Government of India-backed leadership transition with no promoter group influence.

Conclusion

The appointment of Shri Jitendra Srivastava as CMD of REC Limited represents a strategic decision aligned with the central government’s agenda of strengthening PSU leadership. With a rich blend of administrative experience, sectoral knowledge, and educational qualifications, he is expected to play a transformational role in REC’s growth and project execution strategies. Stakeholders and industry experts are closely watching this transition, given the critical role of REC in India's ongoing energy infrastructure modernization.

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