Shri Jatin Kumar Nayak has assumed charge as the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), a Navratna Central Public Sector Enterprise (CPSE) 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 approval from the Appointments Committee of the Cabinet (ACC), communicated by the MNRE through an order dated October 29, 2026. His appointment comes at a significant time for India’s renewable energy sector, as financing institutions play an important role in supporting the country’s clean energy expansion.
Shri 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 and professional experience provide him with expertise in financial management, corporate governance and regulatory affairs.
Before taking over as CMD of IREDA, Nayak served as Executive Director (Finance) at REC Limited, a Maharatna CPSE under the Ministry of Power. He also worked as Chief Financial Officer of the erstwhile REC Transmission Projects Company Limited, a subsidiary of REC.
During his career, he has held positions across several public-sector organisations, including NHPC Limited, Hindustan Copper Limited, National Aluminium Company Limited (NALCO) and Neelachal Ispat Nigam Limited.
With more than three decades of professional experience, Nayak brings extensive knowledge of the power, mining and metals sectors. His areas of expertise include domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation, legal affairs, project appraisal, monitoring, lending operations, loan recovery and stressed asset management.
His financial and administrative experience is expected to support IREDA’s financing operations and strategic priorities. Under his leadership, the organisation will continue to play a significant role in mobilising financial resources for renewable energy projects and supporting India’s transition towards a cleaner and more sustainable energy system.
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