New Delhi: Jatin Kumar Nayak has assumed charge as Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE).
Nayak took charge at IREDA's registered office in New Delhi on October 30, following approval by the Appointments Committee of the Cabinet (ACC), as communicated by MNRE through an order dated October 29, 2026.
Before joining IREDA as CMD, Nayak was serving as Executive Director (Finance) at REC Limited, a Maharatna CPSE under the Ministry of Power. He also served as Chief Financial Officer of the erstwhile REC Transmission Projects Company Limited, a subsidiary of REC.
He has over three decades of experience across the power, mining and metals sectors, having worked with several public sector organisations, including NHPC Limited, Hindustan Copper Limited, National Aluminium Company Limited (NALCO) and Neelachal Ispat Nigam Limited.
Nayak holds a Master's degree in Commerce from Utkal University, Bhubaneswar. He is a Fellow Member of the Institute of Cost and Management Accountants of India and a qualified Company Secretary.
His professional experience spans resource mobilisation in domestic and international markets, strategic treasury management, corporate finance, taxation, legal affairs, project appraisal and monitoring, lending operations, loan recovery and stressed asset management.
His appointment comes at a time when financing institutions are playing a critical role in supporting India's renewable energy expansion. His experience in power sector financing and financial management is expected to contribute to IREDA's efforts to strengthen renewable energy financing and support the country's clean energy transition.
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