The Damodar Valley Corporation Act, 1948

The Damodar Valley Corporation Act, 1948 is a legislation that established the Damodar Valley Corporation (DVC) with the purpose of utilizing the water resources of the Damodar River for flood control, irrigation, and power generation in the region. The act sets out the constitution and powers of the DVC, including its board of directors, chairman, and general manager. The DVC has been given the authority to undertake construction of dams, reservoirs, and canals, and also to operate thermal and hydro-electric power stations. The act also sets out the financing and borrowing powers of the DVC and its various subsidiaries, as well as the procedure for the acquisition of land for the purpose of the DVC's projects.