Damodar Valley Corporation (DVC)
Damodar Valley Corporation is a statutory corporation under the Damodar Valley Corporation Act, 1948 (Act No. XIV of 1948). It is under the Ministry of Power, Government of India, and operates in West Bengal and Jharkhand. It remained a shared interstate corporation after Jharkhand was created in 2000.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →Damodar Valley Corporation is a statutory corporation under the Damodar Valley Corporation Act, 1948 (Act No. XIV of 1948). It is under the Ministry of Power, Government of India, and operates in West Bengal and Jharkhand. It remained a shared interstate corporation after Jharkhand was created in 2000.
What happened
DVC origin is 7 July 1948 as first multipurpose river valley project; headquarters is at Kolkata; legal basis is Damodar Valley Corporation Act (Act No. XIV of 1948); described as statutory body / statutory corporation under Ministry of Power (sources: DVC Wikipedia page; https://www.dvc.gov.in/).
DVC is shown as 'Under the Ministry of Power, Govt. of India' and operates in the 'West Bengal and Jharkhand' states (source: https://www.dvc.gov.in/); the Kolkata headquarters is sourced from the DVC Wikipedia page.
After Bihar reorganisation effective 15 November 2000, a distinct electricity board was established for Jharkhand, while 'Certain bodies such as the Damodar Valley Corporation continued to operate as inter-state' (source: Bihar Reorganisation Act page).
Koderma Thermal Power Station at Banjhedih, Jainagar, Koderma district, Jharkhand is managed by DVC with two 500-MW units totalling 1000 MW; page revision dated 31 July 2026, used as most-recent confirmation date; DVC page also noted FY2024-25 revenue collections Rs 25,320 crore with 109% collection efficiency reported 2 April 2025, but official annual report was not opened so financials left null (sources: Koderma page; DVC page).
What we could not confirm
Exact participating-government equity split and current Jharkhand government contribution could not be confirmed from pages opened; shareholding left null. FY2024-25 revenue figure seen on DVC Wikipedia page (Rs 25,320 crore, 2 April 2025) is not from an official DVC report opened, so financials left null. Headquarters district is Kolkata (West Bengal); Jharkhand link is via shared ownership and Jharkhand operations, not HQ.