The Damodar Valley Corporation ($\text{DVC}$) is:

The Damodar Valley Corporation ($\text{DVC}$) is a prominent statutory public corporation established in $1948$ by an Act of the Constituent Assembly of India. It functions as a joint venture involving representation and participation from the Central Government of India, alongside the state governments of West Bengal and Jharkhand (formerly part of Bihar), to manage multipurpose river valley development in the Damodar river basin.