At the Odisha Investment Meet held in Kolkata on 16–17 January 2026, Damodar Valley Corporation (DVC) signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, in the presence of Chief Minister Mohan Charan Majhi.
The MoU aims to accelerate the development of the Mandakini-B Coal Mine in Angul District, which was secured by DVC during the 13th tranche of coal mine auctions. The project is expected to strengthen fuel security, enhance self-reliance in power generation, and support regional economic development.
Officials noted that the initiative aligns with India’s long-term vision of Viksit Bharat @2047, fostering sustainable energy growth and contributing to Odisha’s industrial and economic landscape. The development of Mandakini-B Coal Mine is also expected to create employment opportunities and reinforce energy infrastructure in the region, supporting India’s broader goals of energy security and economic self-reliance.
