DVC unveils roadmap worth Rs 500 billion

21 Jul 2022 CW Team

Damodar Valley Corporation (DVC) unveiled a growth roadmap to double its installed capacity of 6,900 MW at an investment of around Rs 500 billion over the next seven-eight years, with focus on renewables. The company has firmed up plans to add around 3,700 MW of thermal capacity in brownfield expansions by 2030 with a capex of nearly Rs 300 billion.

DVC Chairman Ram Naresh Singh said that they have embarked on a major expansion of three brownfield projects, adding 3,700 MW in total by 2030. They also have renewable power projects in solar and pumped storage projects.

As part of the brownfield expansion, it intends to install 2x660 MW at Raghunathpur, 800 MW at Durgapur, and 2x800 MW at Koderma.

DVC is also considering adding 2,150 MW of solar power and 2,100 MW through two pumped storage projects (1,500 MW at Lagu Pahaar in Jharkhand and 600 MW in West Bengal's Purulia district). These expansions would require an additional expenditure of Rs 200 billion.

With state-owned businesses like NTPC, SJVN, and NHPC, joint ventures would be used to carry out the non-thermal projects.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..