DVC to invest Rs1,094 crore in Khagra-Joydev Coal block

The Board of the Damodar Valley Corporation (DVC) has approved an investment of Rs 1,094 crore in the Khagra-Joydev coal block located in Birbhum District of West Bengal. The block allotted by the Centre to DVC for supply of coal to its thermal power plants has a capacity of 103 million metric tonnes. Once developed, the coal block will be operational for 30 years. Apart from spurring industrial growth, the development of the block will generate significant revenue for the state.