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).
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYAn 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 : RBI issues guidelines on higher liquidity coverage ratio for retail depositsOn 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.
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