Jatin Kumar Nayak appointed as IREDA chairman and managing director

Nayak, who previously served as Executive Director (Finance) at REC Ltd, assumes leadership of IREDA at a time when renewable energy development remains central to India's energy transition goals. His appointment marks a significant leadership transition at the state-owned renewable energy financing agency.

Throughout his extensive career spanning three decades, Nayak has held senior financial positions across India's major public sector enterprises. He served as Chief Financial Officer of REC Transmission Projects Company Limited, a REC subsidiary, and has worked with major organisations including NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO), and Neelachal Ispat Nigam Ltd.

Nayak's professional expertise encompasses the power sector and resource-intensive industries, with particular strength in mining and metals operations. His skillset includes domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation, legal affairs, project appraisal and monitoring. He also brings experience in lending operations, loan recovery mechanisms, and stressed asset management.

His appointment to lead IREDA underscores the importance of financial acumen in steering renewable energy development initiatives in the country. The agency plays a critical role in financing renewable energy projects, supporting India's commitments to clean energy expansion and climate goals.