Biggest CPSE Leadership Openings of 2026: IREDA CMD & BEML Finance Director

New Delhi, January 28, 2026: The Public Enterprises Selection Board (PESB) has announced two key executive leadership openings in India’s public sector undertakings, inviting applications from experienced professionals and officers from CPSEs, State PSUs, Central Government Group ‘A’, Armed Forces, Public Sector Banks, and large private sector companies.

1. IREDA: Chairman & Managing Director

The Indian Renewable Energy Development Agency Limited (IREDA) is seeking applications for the position of Chairman & Managing Director (CMD), effective from 1st July 2026.

About IREDA:

Sector: Renewable Energy Financing (Schedule ‘A’ CPSE)
Ministry: New & Renewable Energy (MNRE)
Status: Navratna (since May 2024)
Employees: 167 (Executives: 151; Non-executives: 16)
Authorized/Paid-up Capital: ₹6000 crore / ₹2687.76 crore
Government Shareholding: 75%

Role & Responsibilities:
The CMD will act as the Chief Executive Officer, accountable to the Board and Government of India, responsible for strategic leadership, operational efficiency, and achievement of corporate objectives.

Eligibility & Experience:

Age: Minimum 45 years
Employment: Regular capacity in CPSE, SPSE (turnover ≥ ₹5000 crore), Central Government Group 'A', Public Sector Banks/FIs, or large private sector companies. Preference to listed companies.
Qualification: Engineering Graduate / Chartered Accountant / Cost Accountant / MBA/PGDM / Postgraduate
Experience: Minimum 5 years cumulative experience in Finance, Operations, Business Development, Marketing, or Project Management in the last 10 years. Renewable energy sector experience is desirable.

Pay Scale: ₹2,00,000 – 3,70,000 (IDA)

Duration: Five years from the date of joining or until superannuation, whichever is earlier.

Application Deadline: 3:00 PM on 18th February 2026 (through proper channels).

2. BEML Limited: Director (Finance)

BEML Limited is inviting applications for the position of Director (Finance), effective from 1st September 2026.

About BEML:

Business Verticals: Defence & Aerospace, Mining & Construction, Rail & Metro
Manufacturing Units: Bangalore, KGF, Mysore (Karnataka) & Palakkad (Kerala)
Revenue (2024-25): ₹4,022 crore; Profit Before Tax: ₹405.43 crore
Shareholding: Government of India – 54.03%
Employees: 4,761 (Executives: 1,967; Non-executives: 2,794)

Role & Responsibilities:
The Director (Finance) will be a Board-level position, reporting to the Chairman & Managing Director, overseeing finance and accounts, and formulating corporate financial policies.

Eligibility & Experience:

Age: Minimum 45 years
Employment: Regular capacity in CPSE, SPSE (turnover ≥ ₹2000 crore), Central Government Group 'A', Public Sector Banks/FIs, Armed Forces, or large private sector companies.
Qualification: Chartered Accountant / Cost Accountant / MBA/PGDM in Finance (preference to CA)
Experience: Minimum 5 years cumulative experience at a senior level in Corporate Finance, Accounts, or Government/Corporate Financial Management.

Pay Scale: ₹1,80,000 – 3,40,000 (IDA)

Duration: Five years from the date of joining or until superannuation, whichever is earlier.

Application Deadline: 3:00 PM on 18th February 2026 (through proper channels).

How to Apply:

Online application through PESB website
Proper forwarding through administrative/cadre controlling authority is mandatory
Required documents include proof of experience, annual reports, qualifications, and vigilance clearance

Key Takeaways:

These leadership positions in IREDA and BEML present high-impact career opportunities in India’s renewable energy and strategic manufacturing sectors.
PESB emphasizes immediate absorption for Central Government officers and mandates a two-year debarment for candidates unwilling to join after selection.
Both positions offer attractive pay scales, Board-level responsibility, and the chance to shape India’s energy and industrial infrastructure.