Rural Electrification Corporation Limited (RECL) was incorporated under the Indian Companies Act, 1956 with the objective of financing rural electrification schemes in the country. The mandate of the Corporation has been subsequently expanded to include financing of projects across power sector including generation, transmission, distribution and related areas. The company has two wholly owned subsidiary companies, namely, REC Transmission Project Company Limited (RECTPCL) and REC Power Distribution Company Limited (RECPDCL). The Corporation was declared a public financial institution in 1992. It also promotes and finances viable decentralized power system organization in cooperatives, joint private sector, panchayat and/or local bodies, local self bodies. REC is a Schedule - 'A' / Navratna CPSE under the administrative jurisdiction of Ministry of Power. The company employed 487 regular employees (Executives:386 and Non-excecutives: 101) as on 31.03.2019. The authorized and paid up capital of the Company was Rs. 5,000 crores and Rs.1,974.918 crores respectively as on 31.03.2019. Its Registered and Corporate offices are at New Delhi. REC Limited is a subsidiary of Power Finance Corporation Limited.
Job Descriptions
| Post Name | JOB DESCRIPTION | Remuneration | Number of posts | Essential Qualification | age limit |
|---|---|---|---|---|---|
| DIRECTOR(DEFENCE BUSINESS) | Director (Finance) is a member of the Board of Directors and reports to Chairman and Managing Director. He is overall in charge of the finance and accounts of the organization and is responsible | 180000-340000 | 1 | The applicant should be a Chartered Accountant or Cost Accountant or a full time MBA/PGDM course with good academic record from a recognized University/Institution. | 45 |
EMPLOYMENT STATUS:
The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 5000 crore or more
(d) Private Sector in company where the annual turnover is *Rs 5000 crore or more.
EXPERIENCE
The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management and Corporate Accounts in an organization of repute. Age of superannuation 60 years Internal Others Minimum Maximum Minimum Maximum 45 2 years of residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years of residual service as on the date of vacancy w.r.t. the date of superannuation. (ii) Applicants from Organized Group ‘A’ Accounts Services should have at least five years cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts. (iii) ‘The relevant experience’ in respect of applicants from Central Government/Armed Forces of the Union/All India Services would include at least seven years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/Corporate Accounts
The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 5000 crore or more
(d) Private Sector in company where the annual turnover is *Rs 5000 crore or more.
EXPERIENCE
The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management and Corporate Accounts in an organization of repute. Age of superannuation 60 years Internal Others Minimum Maximum Minimum Maximum 45 2 years of residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years of residual service as on the date of vacancy w.r.t. the date of superannuation. (ii) Applicants from Organized Group ‘A’ Accounts Services should have at least five years cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts. (iii) ‘The relevant experience’ in respect of applicants from Central Government/Armed Forces of the Union/All India Services would include at least seven years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/Corporate Accounts