DVC to be corporatised, divided into 3 entities keeping ownership intact

The Damodar Valley Corporation (DVC), India's first multipurpose river valley project, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to improve efficiency. Union Power Minister Manohar Lal has requested the unbundling exercise and suggested the board explore the IPO route to raise resources for its expansion plans. DVC, established in 1948, is an integrated power major spread across West Bengal and Jharkhand.