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Andhra Pradesh cadre IAS Ramesh Babu new CMD of Rural Electrification Corp Ltd

Ramesh Babu, an MBBS and an Indian Administrative Service Officer of Andhra Pradesh cadre, is tipped to take over as Chairman and Managing Director of power sector-focused lender Rural Electrification Corp Ltd, according to sources. He may take up his new assignment from January 1. Babu will replace B. P. Pandey, a special secretary in the Ministry of Power, who was given the additional charge of REC’s Chairman and Managing Director in the absence of a full-time CMD. The position of REC CMD fell vacant after the then incumbent, Rajeev Sharma, left it to occupy the same position at Power Finance Corp Ltd from October 1.

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