New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has appointed Shri Jatin Kumar Nayak as its Chairman and Managing Director (CMD), effective October 30, 2026 (afternoon). He assumed charge at the company’s registered office in New Delhi.
The appointment follows the approval of the Appointments Committee of the Cabinet (ACC), as conveyed by the Ministry of New and Renewable Energy (MNRE) through an order dated October 29, 2026.
According to the regulatory disclosure, Nayak will hold the position from the date of assuming charge until his superannuation on June 30, 2029, or until further orders, whichever is earlier.
He succeeds Dr Bijay Kumar Mohanty, who ceased to hold the position of CMD (Additional Charge) of IREDA on October 30, 2026 (forenoon).
Jatin Kumar Nayak’s Educational Qualifications
Nayak holds a Master’s Degree in Commerce from Utkal University, Bhubaneswar, Odisha. He is a fellow member of the Institute of Cost and Management Accountants of India and a qualified Company Secretary.
His academic qualifications, combined with his professional experience, have provided him with expertise in financial management, corporate governance, regulatory affairs and the operations of large public-sector organisations.
Read also: IREDA Q2 FY27 Results: Net Profit Rises 12.1% to ₹891.75 Crore, Loan Book Reaches ₹93,961 Crore
34 Years of Experience Across Power, Mining and Metals Sectors
Before his appointment as IREDA CMD, Nayak served as Executive Director (Finance) at REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power. He also held the position of Chief Financial Officer (CFO) at the erstwhile REC Transmission Projects Company Limited, a subsidiary of REC.
Earlier in his career, he worked with several prominent public-sector organisations, including:
- NHPC Limited
- Hindustan Copper Limited
- National Aluminium Company Limited (NALCO)
- Neelachal Ispat Nigam Limited
With around 34 years of professional experience, Nayak has worked across the power sector and resource-intensive industries, including mining and metals.
Expertise in Corporate Finance and Renewable Energy Financing
Nayak brings extensive experience in several areas of financial management and business operations. His professional expertise includes:
- Domestic and international resource mobilisation
- Strategic treasury management
- Corporate finance, taxation and legal affairs
- Project appraisal and monitoring
- Lending operations and loan recovery
- Stressed asset management
His experience in the power sector and financial institutions is expected to support IREDA’s role in financing renewable energy projects. At a time when investment is crucial to accelerating India’s clean energy transition, his financial expertise and cross-sector experience bring relevant leadership capabilities to the organisation.
About Indian Renewable Energy Development Agency Limited (IREDA)
Indian Renewable Energy Development Agency Limited (IREDA) is a public sector enterprise under the Ministry of New and Renewable Energy, Government of India. It is a specialised non-banking financial institution that provides financial assistance for renewable energy and energy efficiency projects. Through its financing activities, IREDA supports clean energy infrastructure development and contributes to India’s renewable energy expansion and sustainability objectives.
Read also: IREDA Wins 2nd Runner-Up Sustainability Award at ICMAI Green Awards 2024–25
