New Leadership at IREDA: Jatin Kumar Nayak Takes Charge as CMD
Jatin Kumar Nayak has assumed charge as Chairman & 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, at the company’s registered office, New Delhi. The appointment follows the approval of the Appointments Committee of the Cabinet (ACC), as…
The Indian Renewable Energy Development Agency Limited (IREDA) has welcomed Jatin Kumar Nayak as its new Chairman and Managing Director (CMD). Nayak, a seasoned professional with over three decades of experience, brings a unique blend of financial expertise and an in-depth understanding of the power sector. Prior to his appointment, Nayak served as Executive Director (Finance) at REC Limited and Chief Financial Officer of REC Transmission Projects Company Limited.
His extensive experience spans across various public sector enterprises and includes roles in NHPC Limited, Hindustan Copper Limited, NALCO, and Neelachal Ispat Nigam Limited. Nayak's appointment is expected to bolster IREDA's mission of promoting and financing renewable energy development in India, leveraging his expertise in 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.
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