New Delhi: The Damodar Valley Corporation (DVC) has received an interim dividend of Rs 40 crore from Bokaro Power Supply Company Limited (BPSCL) for the financial year 2025–26. The cheque was handed over to DVC officials at DVC Towers on Tuesday.
Interim Dividend Reflects Strong Financial Performance
The interim dividend cheque was presented by BPSCL CEO Sudhir Kumar Vyas, accompanied by CFO Pankaj Kumar Maji and Head (HR) Niraj Sinha. The cheque was received by DVC Executive Director (Finance) Sadananda Mukherjee in the presence of DVC Member (Finance) Arup Sarkar.
This interim dividend highlights BPSCL’s stable financial performance and serves as a testament to the strength of the partnership between DVC and Steel Authority of India Limited (SAIL), both of which hold equal equity in the joint venture. The dividend contributes significantly to DVC’s overall financial position, supporting the corporation’s efforts to ensure a reliable power supply across the region.
A Strong Partnership for Growth
The DVC–SAIL partnership has played a crucial role in the successful operation of BPSCL, and this interim dividend underlines the continued stability and growth of the joint venture. The dividend will be utilized by DVC to support its power generation and distribution efforts, ensuring sustained electricity supply to the communities it serves.
About DVC
Damodar Valley Corporation (DVC) is a public sector company formed to harness the water resources of the Damodar River for irrigation, power generation, and flood control. As a major energy provider in eastern India, DVC plays a vital role in supporting the power needs of the region and is committed to achieving excellence in sustainable energy generation. With strong partnerships like that with BPSCL, DVC continues to contribute significantly to the nation’s energy sector.
