Indian Renewable Energy Development Agency Limited (IREDA) has appointed Dr Bijay Kumar Mohanty as its Chairman and Managing Director (CMD) with effect from July 1, 2026, following the superannuation of Pradip Kumar Das.
The appointment has been made by the Ministry of New and Renewable Energy (MNRE), ensuring continuity in the leadership of the Navratna public sector enterprise, which plays a key role in financing India’s renewable energy projects.
Leadership Change at IREDA
Pradip Kumar Das demitted office as CMD on June 30, 2026, after attaining the age of superannuation. The company informed the stock exchanges about the change in leadership in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
Following his retirement, the Ministry of New and Renewable Energy entrusted Dr Bijay Kumar Mohanty with the additional charge of the top post.
Additional Charge for Three Months
Dr Mohanty, who is currently serving as Director (Finance) and Chief Financial Officer (CFO) of IREDA, will hold the additional charge of CMD for a period of three months from the date of assuming office or until the appointment of a regular Chairman and Managing Director, whichever is earlier.
The interim arrangement is aimed at ensuring the smooth functioning of the organisation during the transition period.
Extensive Experience in the Power Sector
Dr Bijay Kumar Mohanty brings more than 27 years of experience in India’s power and energy sector.
Before joining IREDA, he held senior leadership positions at REC Power Development and Consultancy Limited and REC Limited, where he gained extensive experience in project financing, financial management and infrastructure development.
He holds a Doctorate (Ph.D.) in Commerce and is a Fellow Member of the Institute of Cost Accountants of India, combining strong academic credentials with decades of professional experience.
Supporting India’s Clean Energy Mission
As India’s premier renewable energy financing institution, IREDA plays a crucial role in funding projects across solar, wind, hydro, green hydrogen, energy storage and other clean energy segments.
Also Read | Jatin Kumar Nayak Recommended as Next CMD of IREDA
With Dr Mohanty taking charge as CMD, the organisation is expected to maintain continuity in its operations while continuing to support the country’s renewable energy expansion and clean energy financing initiatives.
Key Highlights
- Dr Bijay Kumar Mohanty has taken additional charge as Chairman and Managing Director (CMD) of IREDA.
- The appointment is effective from July 1, 2026, following the retirement of Pradip Kumar Das.
- Dr Mohanty currently serves as Director (Finance) and Chief Financial Officer of IREDA.
- He will hold the additional charge for three months or until a regular CMD is appointed.
- He has over 27 years of experience in the power and renewable energy sector, with previous leadership roles at REC Limited and REC Power Development and Consultancy Limited.
- The leadership transition ensures continuity at IREDA as it continues to finance India’s clean energy and renewable infrastructure projects.
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