Jatin Kumar Nayak takes charge as IREDA chairman and managing director in New Delhi

Jatin Kumar Nayak has taken charge as chairman and managing director of the Indian Renewable Energy Development Agency (IREDA) at the public-sector lender’s registered office in New Delhi.

The appointment was approved by the Appointments Committee of the Cabinet and conveyed by the Ministry of New and Renewable Energy through an order dated October 29. IREDA is a Navratna central public-sector enterprise under the ministry.

Before this role, Nayak was executive director (finance) at REC Limited, a power-sector public-sector enterprise. He also served as chief financial officer of REC Transmission Projects Company Limited.

Nayak has worked with NHPC, Hindustan Copper, National Aluminium Company and Neelachal Ispat Nigam. His experience includes project financing, resource mobilisation, lending operations, loan recovery, treasury management and corporate finance.

He holds a master’s degree in commerce from Utkal University and is a fellow member of the Institute of Cost and Management Accountants of India, as well as a qualified company secretary.