DVC inks Memorandum of Understanding with SAIL

Damodar Valley Corporation (DVC) will supply additional power of 250 Mega Volt Ampere (MVA) to Bokaro Steel Limited (BSL), a unit of Steel Authority of India Limited (SAIL).

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Bank of Baroda Reaches Over 348,000 Farmers Nationwide Through Baroda Kisan Pakhwada

An agreement in this regard has been reached between DVC and BSL and a Memorandum of Understanding (MoU) has been signed between them on Saturday at Bokaro Steel City.  At present DVC supplies 220 MVA power to BSL, SAIL and the additional supply as per MoU will start from 2027-28. 

The above agreement has been made keeping in mind the additional power requirement of BSL owing to its impending expansion. DVC will meet the enhanced demand from its upcoming brown field thermal power projects being set up at different DVC establishments.

Read Also : Sterlite Power Continues to be a Great Place to Work®

On behalf of DVC, Member (Finance): Sri Arup Sarkar, Executive Director (Commercial) :Sri Sanjiv Srivastava, ED (System): Sri D K Singh, ED (Finance): Sri Joydeep Mukherjee were present on the occasion, while from BSL side, ED (Works), ED (Projects) and ED (Finance) were present along with higher officials of both the sides.

Read Also : BHIM partners with Fintech Yatra to Advance Financial Inclusion and Digital Literacy