IREDA Appoints Senior Executives to Strengthen Finance and Audit Functions

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Tusarkant Parida, Executive Director (Finance & Accounts), IREDA

Indian Renewable Energy Development Agency Ltd (IREDA) has announced senior-level appointments to reinforce its finance, audit, and governance framework. Tusarkant Parida has joined the organisation as Executive Director (Finance & Accounts), while Jagdeep Singh has taken charge as General Manager (Finance & Accounts).

In a meeting held today, the Board of Directors also appointed Jagdeep Singh as Head of Internal Audit and Internal Auditor of the company. His appointment will be effective from January 1, 2026, to December 31, 2028, or until further notice. He succeeds A Chandrashekar, who retired upon reaching superannuation and previously headed the Internal Audit function.

Shri Singh is a Commerce (Honours) graduate from the University of Delhi and a member of the Institute of Cost and Management Accountants of India. He has over 27 years of professional experience across public and private sector organisations, including BSNL, Tata Communications, Airtel, Idea Cellular, and Aircel.

Shri Parida holds a Commerce (Honours) degree from Utkal University and is a member of the Institute of Chartered Accountants of India. He brings more than 24 years of experience, having worked with organisations such as Power Finance Corporation, Corporation Bank, BSNL, and SRB & Associates.

Welcoming the appointments, Pradip Kumar Das, Chairman and Managing Director of IREDA, said the additions reflect the organisation’s continued focus on financial discipline, sound governance, and risk management as it supports India’s renewable energy financing needs. IREDA stated that it remains committed to aligning internal processes with established governance and transparency standards to support long-term growth.

The Indian Renewable Energy Development Agency (IREDA), a public sector undertaking under the Ministry of New and Renewable Energy (MNRE), is a pivotal institution in promoting clean energy initiatives in India. Established in 1987, IREDA specializes in financing renewable energy and energy efficiency projects, contributing significantly to India’s transition toward a sustainable energy future.

Its diverse portfolio spans solar, wind, hydro, biomass, and energy efficiency projects, supporting both large-scale infrastructure and innovative technologies. By providing financial solutions, including loans and grants, IREDA empowers stakeholders to implement green energy projects, fostering economic growth while addressing climate change. Recognized for its role in driving India’s renewable energy ambitions, IREDA remains instrumental in achieving the nation’s target of 500 GW of renewable energy capacity by 2030.