Parminder Chopra Assumes Additional Charge as Chairman & MD of REC Ltd

Parminder Chopra has been appointed as the Chairman and Managing Director (CMD) of REC Limited for a three-month tenure, in addition to her existing role as CMD of Power Finance Corporation Ltd. (PFC). With over 35 years of experience in the power and financial sectors, Chopra has played a key role in financial restructuring and renewable energy financing.

Key Highlights

New Role

• Assigned additional charge as CMD of REC Ltd for three months.
• Continues to serve as CMD of Power Finance Corporation (PFC).

Major Achievements at PFC

• First woman CMD of PFC (appointed August 2023).
• Led PFC to record-high net profits and lowest NPA levels.
• Key role in securing ₹1.12 trillion Liquidity Infusion Scheme (LIS) under Atmanirbhar Bharat.
• Pioneered PFC’s transition into India’s largest renewable energy financier.

Professional Experience

• 35+ years in power & finance sectors.
• Previously worked with NHPC Ltd. and Power Grid Corporation of India Ltd.
• Expertise in resource mobilization, treasury & asset-liability management, and stressed asset resolution.

Educational Background

• Commerce graduate from Delhi University.
• Cost & Management Accountant and Post Graduate Diploma in Business Management.
• Advanced executive training from Harvard University and European School of Management.

Future Outlook at REC

• Expected to focus on sustainable energy financing, innovation, and financial excellence.