IREDA appoints ex-REC executive Jatin Kumar Nayak as CMD

New Delhi: Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said.

Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd.

Nayak has over three decades of rich and diverse experience, the statement said.


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He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC.

Earlier in his career, he has worked with NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd.

His experience spans over the power sector and resource-intensive industries, including mining and metals.

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He also brings substantial expertise in 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.

His appointment had been earlier approved by Appointments Committee of the Cabinet (ACC).