New Delhi, April 22 -- Jitendra Srivastava, a 2000 batch Indian Administrative Service (IAS) officer from the Bihar cadre, took over as chairman and managing director (CMD) of REC Ltd on Tuesday, the government-owned power finance company said in a statement.

On 18 April, the appointments committee of cabinet (ACC) approved the appointment of Srivastava as the new CMD of the Delhi-based company. This appointment has been made in the rank and pay of additional secretary to the government of India, under the ministry of power.

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Srivastava succeeds Vivek Kumar Dewangan, whose tenure at the helm ended last month.

REC noted that over the ...