REC Ltd
Shitij Arora is a Project Finance Specialist at REC Limited, where responsibilities include formulating policies in line with new technologies and analyzing Pan-India renewable energy projects for financing opportunities. Prior experience includes roles as a Strategy Manager and Project Finance Specialist at REC Limited, where Shitij focused on preparing concept notes for significant meetings, creating progress reports for initiatives, and managing project funding under government programs. Previous positions encompass coordinating corporate and media interactions at Vinod Gupta School of Management, leading a CSR club, interning in project management at TITAN Company Limited, and serving as a Systems Engineer at Tata Consultancy Services, optimizing processes and ensuring disaster recovery for clients. Shitij holds an MBA from the Indian Institute of Technology, Kharagpur, and a B.Tech. in Electrical Engineering from J.C. Bose University of Science and Technology.
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REC Ltd
REC Limited, formerly Rural Electrification Corporation Limited, is engaged in other financial services and activities-other Credit granting. The Company provides finance to power sector. It finances and promotes rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. It provides loan assistance to state electricity boards (SEBs)/State Power Utilities for investments in rural electrification schemes through its corporate office located at New Delhi and over 20 field units, which are located in most of the states. It has sanctioned approximately 580 transmission and distribution schemes, which include primary power evacuation schemes associated with generating plants, system improvement schemes, including feeder segregation schemes, bulk loan schemes and intensive electrification schemes.