DVC Signs MoU with Odisha Govt to Fast-Track Mandakini-B Coal Mine Development
Kolkata, January 19, 2026: In a significant step towards energy security, the Damodar Valley Corporation (DVC) signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, on the sidelines of the Odisha Investment Meet held on January 16-17, 2026.
The MoU was signed in the presence of the Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi. The agreement aims to fast-track the development of the Mandakini-B Coal Mine in the Angul district of Odisha.
Project Significance
DVC had secured the mining rights for the Mandakini-B coal block in the 13th tranche of coal mine auctions held by the central government. This strategic move is designed to:
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Strengthen fuel security for DVC's power generation fleet.
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Support self-reliance in power generation by securing a dedicated coal source.
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Contribute to regional economic development in Odisha through mining operations and associated infrastructure.
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Align with the national vision of Viksit Bharat @2047.
The MoU with IPICOL will facilitate necessary clearances, approvals, and coordination with state agencies to expedite the operationalization of the coal mine, ensuring a smoother path from allocation to production.