The Chairman of the Damodar Valley Corporation (DVC) receives an average annual salary ranging from ₹22.0 Lakhs to ₹24.0 Lakhs. This compensation is in line with the Industrial Dearness Allowance (IDA) pattern and may vary based on factors such as experience, qualifications, and other allowances.
As of 2021, the capital fund of the DVC stands at ₹5,196.20 crore, with the headquarters located in Kolkata, West Bengal. Recently, S. Suresh Kumar (IAS) assumed the position of Chairman of DVC, effective from January 1, 2024. His salary falls within the aforementioned range.
The Chairman of DVC, S. Suresh Kumar (IAS), receives additional benefits beyond his salary. These benefits include:
Administrative Authority: The Chairman exercises significant administrative authority over DVC's operations, policies, and projects. Collaborating with other senior officers, he ensures the implementation of strategic initiatives and efficient operational management.
Impact and Networking: Holding this position provides opportunities for impactful leadership and networking with government officials, industry leaders, and stakeholders. Effective engagement fosters collaboration and collective action towards shared objectives.
Knowledge Acquisition: The Chairman gains valuable insights into power generation, water management, and infrastructure development through his leadership role. This knowledge informs his decision-making process and contributes to DVC's strategic direction.
Professional Development: Leading an organization like DVC enhances leadership capabilities, strategic thinking, and crisis management skills. The Chairman's stewardship influences organizational culture and drives performance excellence.
Legacy and Influence: The Chairman's contributions shape DVC's development trajectory and leave a lasting impact on the region's energy, irrigation, and flood control infrastructure.
It's essential to note that these benefits come with significant responsibilities, and the Chairman's actions directly impact the lives of people in the Damodar Valley region.
Additionally, the salaries of other executives at DVC vary based on their positions and experience. For instance:
Executive Engineer: The average annual salary for an Executive Engineer at DVC is ₹12.3 Lakhs, which is 117% higher than the average salary for an Executive Engineer in India. Their monthly in-hand salary ranges from ₹87,135 to ₹89,419.
Executive Trainee: Executive Trainees at DVC are placed in the 7th Pay Matrix Level 10, with a salary ranging from ₹56,100 to ₹1,77,500. They also receive compensation in the old pay band, ranging from ₹15,600 to ₹39,100, with a grade pay of ₹5,400.
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