The Damodar Valley Corporation (DVC) was established on July 7, 1948, as India's first multipurpose river valley project. It was modeled after the Tennessee Valley Authority of the USA. DVC's objectives included flood control, irrigation, hydroelectric power generation, and navigation in the Damodar Valley, spanning West Bengal and Jharkhand. Although the Hirakud Dam was completed later in 1957, DVC was formed earlier as a statutory body, marking it as the first multipurpose river valley project.
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