New Delhi: The Indian Renewable Energy Development Agency Limited (IREDA) has extended the additional charge of Chairman and Managing Director (CMD) assigned to Dr. Bijay Kumar Mohanty, Director (Finance) and Chief Financial Officer (CFO), for a further period of three months.
The extension is effective from October 1, 2026, or until a regular CMD is appointed, or until further orders, whichever is earliest.
IREDA Extends Additional CMD Charge From October 1
The Ministry of New and Renewable Energy (MNRE), through Order No. 340-11/3/2019 dated October 1, 2026, conveyed the approval of the Appointments Committee of the Cabinet (ACC) for the extension.
As per the order, Dr. Mohanty will continue to hold the additional charge of IREDA CMD under the following conditions:
- For a further period of three months from October 1, 2026.
- Until the appointment of a regular CMD.
- Until further orders.
- The earliest of these conditions will apply.
The extension follows IREDA’s earlier intimation dated July 1, 2026, regarding the original entrustment of the additional CMD charge to Dr. Mohanty.
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IREDA Files Disclosure With NSE and BSE
IREDA informed the stock exchanges about the extension under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The communication was signed by Ekta Madan, Company Secretary, IREDA, and submitted to both stock exchanges:
- National Stock Exchange of India Limited (NSE)
- BSE Limited
IREDA has requested the exchanges to take the information on record.
Who is Dr. Bijay Kumar Mohanty?
Dr. Bijay Kumar Mohanty is the Director (Finance) and Chief Financial Officer (CFO) of IREDA and is currently holding the additional charge of Chairman and Managing Director (CMD).
He has more than 27 years of experience in India’s power and renewable energy sector. His professional career includes roles at organisations such as REC Limited, RECPDCL, CESCO and GRIDCO.
His experience covers financial management and leadership responsibilities across the power and renewable energy sectors.
Dr. Bijay Kumar Mohanty: Education and Qualifications
Dr. Mohanty has an extensive academic and professional background. His qualifications include:
- Ph.D. in Commerce from KIIT, Bhubaneswar
- Master’s degree in Commerce
- Master’s degree in Public Administration
- Master’s degree in Philosophy
- Bachelor of Law (LL.B.)
- Bachelor of Commerce (B.Com.)
- Fellow member of the Institute of Cost Accountants of India
His combination of financial expertise and sectoral experience supports his current responsibilities as Director (Finance), CFO and additional CMD of IREDA.
What the CMD Extension Means for IREDA
The three-month extension provides continuity in IREDA’s top-level leadership while the process of appointing a regular CMD continues.
Dr. Mohanty will continue to discharge his responsibilities as Director (Finance) and CFO while holding the additional CMD charge during the extended period, subject to the conditions specified in the MNRE order.
Any subsequent development regarding the appointment of a regular CMD is expected to be communicated by IREDA through the appropriate regulatory channels.
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned financial institution under the Ministry of New and Renewable Energy. The company provides financial assistance for renewable energy and energy-efficiency projects and supports the development and financing of India’s clean energy sector.
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