New Delhi: Jatin Kumar Nayak has assumed charge as the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), the company said in a statement.
Prior to this appointment, Nayak was serving as Executive Director (Finance) at REC Limited.
On June 19, the Public Enterprises Selection Board (PESB) recommended his name for the post after interviewing 10 candidates and forwarded the recommendation to the Appointments Committee of the Cabinet (ACC) for final approval. The ACC subsequently approved his appointment. The Ministry of New and Renewable Energy (MNRE) conveyed the appointment through an order dated October 29, 2026. IREDA disclosed the development in a regulatory filing on Friday (October 30, 2026).
Nayak has over three decades of experience across the power sector and resource-intensive industries, including mining and metals.
He previously served as Chief Financial Officer of the erstwhile REC Transmission Projects Company Limited, a subsidiary of REC. Earlier in his career, he worked with NHPC, Hindustan Copper, National Aluminium Company Limited (NALCO) and Neelachal Ispat Nigam Limited.
His experience includes domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation and legal affairs, project appraisal and monitoring, lending operations, loan recovery and stressed asset management.
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.
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