Jatin Kumar Nayak assumed charge as Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency (IREDA) on 31 October 2026. His appointment took effect on 30 October, following approval by the Appointments Committee of the Cabinet (ACC). He succeeded Dr Bijay Kumar Mohanty, who ceased to hold IREDA’s additional CMD charge.
Nayak’s experience and qualifications
Before his appointment, Nayak was Executive Director (Finance) at REC Ltd and had served as Chief Financial Officer of REC Transmission Projects Company Ltd, a REC subsidiary. He has more than three decades of experience in the power sector and resource-intensive industries, including mining and metals. His previous roles included positions at NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd.
Nayak holds a Master’s degree in Commerce from Utkal University in Bhubaneswar. He is a qualified Company Secretary and a fellow member of the Institute of Cost and Management Accountants of India.
Important Facts for Exams
- Navratna status: IREDA received Navratna status from the Department of Public Enterprises on 26 April 2024.
- ACC membership: The Appointments Committee of the Cabinet is chaired by the Prime Minister, with the Union Home Minister as its other member.
- REC ownership: REC became a subsidiary of Power Finance Corporation in 2019 after the latter acquired the Government of India's controlling stake.
