Jatin Kumar Nayak Appointed as CMD of IREDA
Jatin Kumar Nayak has assumed charge as the Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA). His appointment has been approved by the Appointments Committee of the Cabinet until 2029.
What happened
Shri Jatin Kumar Nayak has officially assumed charge as the Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA). The Ministry of New and Renewable Energy (MNRE) conveyed the approval of the Appointments Committee of the Cabinet (ACC) for this appointment.
Prior to taking up this role, Jatin Kumar Nayak served as the Executive Director (Finance) at REC Limited. He brings over 34 years of professional experience spanning corporate finance, power, mining, and metals sectors, having previously worked with organizations such as NHPC Limited, Hindustan Copper Limited, National Aluminium Company Limited (NALCO), and Neelachal Ispat Nigam Limited.
Important dates
| ACC Approval Order Date | 29 October 2026 |
|---|---|
| Assumption of Charge Date | 30 October 2026 |
| IREDA Incorporation Date | 11 March 1987 |
📌 Static GK links
- IREDA is a Navratna CPSE and non-banking financial institution under the Ministry of New and Renewable Energy.
- IREDA is headquartered in New Delhi and was incorporated on 11 March 1987.
- REC Limited is a Maharatna CPSE under the Ministry of Power, Government of India.
What candidates should do
- Note down the newly appointed CMD of IREDA along with his immediate past organization (REC Limited).
- Revise the status of IREDA as a Navratna Central Public Sector Enterprise and its administrative ministry.
- Practice direct MCQ-style questions based on high-profile PSU leadership appointments for banking and SSC exams.
PrepZen analysis
The appointment of Jatin Kumar Nayak as CMD of IREDA comes at a crucial juncture for India's renewable energy sector, given the government's ambitious green energy targets. Leadership changes in key financial institutions like IREDA—which functions as a specialized non-banking financial institution for clean energy financing—are frequently tested in competitive examinations. Aspirants preparing for Banking, SSC, and UPSC exams should take note of his background in corporate finance and his tenure at REC Limited, as questions related to PSU leadership, administrative ministries, and corporate classifications (Navratna status) are common in General Awareness sections.
Practice questions
Q1. Who has recently assumed charge as the Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA)?
Q2. The Indian Renewable Energy Development Agency Limited (IREDA) functions under the administrative control of which Union Ministry?
Q3. In which year was the Indian Renewable Energy Development Agency Limited (IREDA) incorporated?
IREDA: Indian Renewable Energy Development Agency Limited.
Previously served as Executive Director (Finance) at REC Limited.
🎯 Key Point: Jatin Kumar Nayak appointed CMD of IREDA.
FAQs
Who is the new CMD of IREDA?
Jatin Kumar Nayak has assumed charge as the Chairman and Managing Director (CMD) of IREDA.
Which organization did Jatin Kumar Nayak work for immediately before joining IREDA?
Before joining IREDA, Jatin Kumar Nayak served as Executive Director (Finance) at REC Limited.
When was IREDA established and where is its headquarters?
IREDA was incorporated on 11 March 1987 and is headquartered in New Delhi.
Which ministry administers IREDA?
IREDA operates under the administrative control of the Ministry of New and Renewable Energy (MNRE).
Sources and references
- ireda.in (www.ireda.in)
- ndtvprofit.com (www.ndtvprofit.com)
- finploy.com (www.finploy.com)
- psuconnect.in (www.psuconnect.in)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 3 November 2026
Q1. Who has recently been appointed as the Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA)?
Q2. What is the primary objective of the newly notified VB-G RAM G Grievance Redressal Rules, 2026 by the Ministry of Rural Development?
Q3. Where did Prime Minister Narendra Modi inaugurate the Emerging Science, Technology and Innovation Conclave (ESTIC) 2026?
Q4. How many Next Generation Corvettes (NGCs) will be acquired by the Indian Navy under the recent ₹53,866.50 crore deal signed by the Ministry of Defence?
Q5. Which Indian Naval Ship recently completed a 10-month 'Lokayan 26' transoceanic sailing expedition?
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