Appointments 02 November 2026
Jatin Kumar Nayak Assumes Charge as Chairman & Managing Director of IREDA
Why in the News?
**Jatin Kumar Nayak** has officially taken charge as the **Chairman & Managing Director (CMD)** of the Indian Renewable Energy Development Agency (**IREDA**). His appointment was approved by the Appointments Committee of the Cabinet (**ACC**).
Key Features / Major Points:
- Career Background & Experience:
- Prior to joining IREDA, Nayak served as the **Executive Director (Finance)** at **REC Limited**.
- Served as the Chief Financial Officer (CFO) of erstwhile REC Transmission Projects Company Limited (a subsidiary of REC).
- Possesses over three decades of extensive corporate finance experience across power, mining, and metals sectors (having worked with NHPC, Hindustan Copper, NALCO, and Neelachal Ispat Nigam Ltd).
- Qualification: Holds a Master's degree in Commerce from **Utkal University** (Bhubaneswar, Odisha), is a fellow member of the Institute of Cost and Management Accountants of India (ICMAI), and a qualified Company Secretary (CS).
Static GK Facts:
- Indian Renewable Energy Development Agency (IREDA):
- Formed: **March 11, 1987** (A Navratna CPSE under the Indian government).
- Headquarters: **New Delhi**.
- Nodal Ministry: **Ministry of New and Renewable Energy (MNRE)**.
- Motto: *"Energy for Ever"*.
- Status: Upgraded to **Navratna** status in April 2024 and classified as Infrastructure Finance Company (IFC) by RBI in 2023.
- REC Limited (formerly Rural Electrification Corporation):
- Formed: **1969** (A Maharatna CPSE NBFC).
One-Liner Quiz (All Competitive Exams):
Q: Who has assumed charge as the new Chairman & Managing Director (CMD) of IREDA?
A: Jatin Kumar Nayak
Q: Under which Union Ministry does IREDA operate as a public sector enterprise?
A: Ministry of New and Renewable Energy (MNRE)
Q: In which year was the Indian Renewable Energy Development Agency (IREDA) established?
A: 1987 (March 11, 1987)
Q: Where is the headquarters of the Indian Renewable Energy Development Agency (IREDA) located?
A: New Delhi
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