Senior IAS officer Jitendra Srivastava (IAS:2000:BH) of the Bihar cadre has taken over as Chairman and Managing Director (CMD) of REC Ltd, the government-owned power finance company announced on Tuesday.
The Appointments Committee of the Cabinet (ACC) had approved his appointment on April 18, 2025, in the rank and pay of Additional Secretary to the Government of India under the Ministry of Power. Srivastava succeeds Vivek Kumar Dewangan, whose tenure ended last month.
A seasoned civil servant with over two decades of experience, Srivastava has held key positions in both the Government of India and the Government of Bihar. Prior to this, he served as Joint Secretary in the Department of Drinking Water & Sanitation under the Ministry of Jal Shakti since January 2023. His previous roles include Secretary in Bihar’s Home Department and Public Health Engineering Department (PHED).
His career spans a range of sectors including finance, power, education, public health, and infrastructure, giving him a well-rounded perspective on both grassroots governance and policy execution at the national level.
His appointment comes as REC is expanding beyond its traditional power and renewable energy portfolio to include broader infrastructure financing. Earlier this month, REC signed an MoU with the Mumbai Metropolitan Region Development Authority to provide ₹1 trillion in financial assistance for infrastructure development in the region.
Srivastava holds a B.A. (Hons) in Economics from Hansraj College, Delhi University, and an MBA in Finance from Cochin University of Science and Technology.
