New IREDA CMD Jatin Kumar Nayak brings over three decades of experience across power, mining, metals and financial services, with expertise in resource mobilisation, project financing and institutional management.
New Delhi, October 30, 2026: 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), Government of India.
He took charge at the company’s registered office in New Delhi. His appointment follows the approval of the Appointments Committee of the Cabinet (ACC), conveyed through an MNRE order dated October 29, 2026.
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 professional background combines financial expertise with an understanding of corporate governance, regulatory affairs and the operational requirements of large public-sector organisations.
Before taking charge as IREDA CMD, Nayak served as Executive Director (Finance) at REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power.
He also held the position of Chief Financial Officer at the erstwhile REC Transmission Projects Company Limited, a subsidiary of REC.
Earlier in his career, he worked with several public-sector organisations, including NHPC Limited, Hindustan Copper Limited, National Aluminium Company Limited (NALCO) and Neelachal Ispat Nigam Limited.
Nayak brings more than three decades of professional experience across the power sector and resource-intensive industries, including mining and metals.
His areas of expertise include domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation, legal affairs, project appraisal and monitoring, lending operations, loan recovery and stressed asset management.
His experience in financial services, project financing and institutional management comes at a time when access to capital is important for accelerating India’s clean energy transition.
IREDA plays an important role in financing renewable energy development in India. As the company enters a new leadership phase, Nayak’s experience across financial management and the power sector is expected to support its mandate of promoting and financing renewable energy projects.
His appointment brings extensive public-sector and financial-sector experience to the organisation as India continues to expand its clean energy capacity.
