REC Limited announced the Board of Directors of the Company through Circular Resolution passed on July 17, 2023, have approved the appointment of Shri Manoj Sharma as Additional Director on the Board of REC Limited as the Nominee Director of Power Finance Corporation Limited with effect from July 11, 2023. The company announced cessation of Smt. Parrninder Chopra as Nominee Director of Power Finance Corporation Limited.

Shri Manoj Sharma is a Chartered Accountant with a degree in law (LLB). He is currently working as Director (Commercial) in PFC. He has more than 30 years of experience in power sector.

In PFC, he has handled multiple areas & domains including institutional appraisal & development, entity appraisal, legal & documentation, taxation, budget, audit, preparation of financial statements & audit reports, financial analysis, resource mobilization, debt syndication and consultancy assignments on financial/commercial aspects in power sector. During the last 3 decades, he has been associated with entire spectrum of PFC's loan assets, covering formulation of lending policies, putting in place a policy framework to guide appraisal with a structured format for financial analysis, compliance with applicable regulatory and statutory frameworks, monitoring conditions, facilitating disbursement, resolution mechanism for stressed accounts.