The main aims of the corporation were flood control, irrigation, generation and transmission of electricity, and year-round navigation.

[6] Mr. Voorduin's "Preliminary Memorandum" suggested a multipurpose development plan designed for achieving flood control, irrigation, power generation and navigation in the Damodar Valley.

They also approved the main technical features of Voorduin's scheme and recommended early initiation of construction beginning with Tilaiya to be followed by Maithon.

Jharkhand: 2 districts fully (Dhanbad and Bokaro) and parts of 9 districts (Hazaribagh, Koderma, Chatra, Ramgarh, Palamau, Ranchi, Lohardaga, Giridih, and Dumka) West Bengal: 6 districts (Purba Bardhhaman, Paschim Bardhhaman, Hooghly, Howrah, Bankura and Purulia) DVC developed and expanded its infrastructure to six thermal power stations (6750 MW) and three hydro-electric power stations with a capacity of 147.2 MW which contribute to a total installed capacity of 6897.2 MW.

Besides, Durgapur barrage and the canal network, handed over to the Government of West Bengal in 1964, remained a part of the total system of water management.

The Durgapur barrage on river Damodar was constructed in 1955 for the supply of irrigation water to the districts of Burdwan, Bankura & Hooghly.

A joint venture of DVC and SAIL has been established to operate and maintain the captive power and steam generation plant, hived off by SAIL and its Bokaro Steel Plant and supply power and steam exclusively to Bokaro Steel Ltd. A joint venture company formed with Eastern Minerals & Trading Agency for development and operation of Captive Coal Mine Blocks and supply of coal exclusively to DVC Thermal Power Projects of 10th and 11th plan.

The Mining and Allied Machinery Corporation (MAMC) in Durgapur —one of the PSU's in India set up under the rupee-rouble agreement and enjoying Soviet patronage in the early sixties.

In 2018, DVC announced plans to build six 250 MW pump storage hydel power plants at Lagu Pahar on the Bokaro River.