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DVC ACT
DVC 'manufactured' flood-like situation on Bijoya Dashami, alleges Mamata BanerjeeWest Bengal Chief Minister Mamata Banerjee slammed Damodar Valley Corporation. She accused DVC of releasing 65,000 cusecs of water without ...- Equitable distribution of CSR Fund is one of the key components of CSR strategies of Corporate India, says Bhaskar ChatterjeeBhaskar Chatterjee, architect of India's CSR Act, urged companies to prioritize innovation, impact assessment, and equitable CSR fund distr...
- Coal project stutter: Damodar Valley Corp unhappy with West Bengal's land acquisition policyAccording to the policy, a company has to buy land from owners through a market mechanism while the state government only acts as a facilit...
- PIL in Supreme Court challenges DVC exporting concessional coal power to BangladeshThe PIL, filed by advocate Piyush Joshi, questions DVC’s plan to use domestic coal for power at a time when the commodity is scarce for pow...
- NTPC to take over DVC's Raghunathpur projectThe project has two phases of development. The first phase has two units of 600 mw each, while the second phase consists of two units of 66...
- Damodar Valley Corporation plans to opt out of retail distribution to cut lossesDVC would prefer to concentrate on power generation and pursue its goal of emerging as the second-largest power producer after NTPC.
- DVC seeks law tweak, may split power business from other activitiesThe DVC Act stipulates that the company will undertake flood-control, aid irrigation and help supply water for industrial and domestic use.
- DVC aims to raise 1,600 cr from bonds for funding expansionDVC hopes to raise Rs 1,600 crore through private placement of government guaranteed bonds by March to help fund its expansion.
- DVC threats to shift Rs 10,000 crore second phase Raghunathpur projectDVC letter to shift the Rs 10,000 crore second phase of Raghunathpur thermal power plant from Purulia, comes as another major blow to the T...
- Government to seek World Bank support for Damodar Valley Corporation makeoverDVC was promoted under DVC Act, 1948, as a statutory organisation jointly owned by West Bengal, Jharkhand and the Centre.
- Coal Min may soon return forfeited mines of DVC, JSEBThe coal blocks are DVC's Saharpur Jamarpani mine having reserves of 600 MT and Banhardih mine having reserves of 400 MT.
- Power companies to cut rates after HC says regulators cannot fix provisional tariffsThe court has quashed the regulation that empowers the Central Electricity Regulatory Commission to fix provisional tariffs for generation ...
- LIC props up Damodar Valley Corporation’s bond issueThe Life Insurance Corporation of India has again come to the rescue of a state-run company, this time to shore up its bond sale.
- Bengal flood leaves two lakh homelessTorrential rain over the last few days due to an intense depression over the Bay of Bengal has rendered almost 2 lakh people homeless in Ea...
- Govt clears bill for inducting professionals into DVCThe decision to facilitate the running of DVC in line with modern corporate practices was taken by the Union Cabinet.
- Damodar Valley Corporation asks for Rs 5000 crore capital infusionThe DVC is not a company under the Company's Act 1956, and cannot approach the capital market for raising money to meet it equity requireme...
- KPMG to advise DVC on IPO plansDamodar Valley Corporation has appointed KPMG to advise it on funding new projects through the initial public offer route. It has lined up ...
- Damodar Valley plans foray into power retailingFollowing, JSEB’s decision to relinquish its distribution licence in these areas, DVC will float an expression of interest (EoI) to select ...
- Damodar Valley Corp may trip up on pension to ex-staffersDamodar Valley Corporation (DVC) may falter on its commitment to pay pension to its 11,200 ex-employees if it is forced to charge a reduced...
- CERC throws spanner in Bengal SEB plansThe West Bengal government faces a peculiar problem even as it prepares to split the West Bengal State Electricity Board (WBSEB) into two s...
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