Durgapur is the biggest industrial hub of West Bengal and was planned as an integrated industrial city. It is the most developed city in West Bengal in terms of technology, infrastructure, and economy next to Kolkata and contributes a substantial amount to the economy of the state of West Bengal. It lies on the banks of
Damodar River and near to the coalfields of Raniganj. Durgapur was a dream of former prime minister of India,
Jawaharlal Nehru and chief minister of West Bengal,
Bidhan Chandra Roy. The 1948-founded
Damodar Valley Corporation (DVC) is essential to the growth of the area. The first project in Durgapur was Damodar Valley Corporation's
Durgapur Barrage which attracted many public sector units.
Durgapur Steel Plant was the first PSU established in the region in 1955 with the help of U.K which was later undertaken by
SAIL. Later, an alloy plant was established by Hindustan Steel Ltd. in 1965 which was also acquired by SAIL. From 1951 to 2019, industrial units in the region grew from 46 to 430, with engineering units rising from 18 to 66 and basic metal units booming from 2 to 122. Hindustan Fertilisers Corporation (HFC) was a major PSU which produced fertilizer but got closed down (now RCF showed interest to reopen it). Bharat Opthlamic Glass Limited (BOGL) was established in 1972 used to manufacture electronic valves and other electronic components. Its closure was approved in 2006. Durgapur Chemicals Limited (DCL) was set up by the Government of West Bengal in 1963 to boost the chemical needs of the state. DCL started its journey in 1968 and was involved in commercial production of
Phenol,
phthalic anhydride,
monochloro benzene,
pentachloro Phenol,
caustic soda,
chlorine and
hydrochloric acid. Although not closed, but the Government of West Bengal decided to disinvest in DCL in 2016 as it had increasingly become a sick industry.
Durgapur Projects Limited (DPL) was the first
thermal power station in the city. It was commissioned by the
Government of West Bengal in 1960. It has eight production units of which only two are currently operational. The whole city of Durgapur and the surrounding areas get electricity supply from DPL. It is currently owned by
West Bengal Power Development Corporation. Major Indian and international MNCs have their production facilities in Durgapur which includes
GE Power India Limited (formerly ACC Babcock Limited which was later taken over by
Alstom),
Scania and
Komatsu (in partnership with
Larsen & Toubro),
Philips Carbon Black, Sankey Wheels (a unit of GKW),
Birla Cement (earlier Durgapur Cement Ltd.), Graphite India Limited, etc. Durgapur is also an emerging IT and real estate hub. The Government of West Bengal's Webel IT Park houses some of well known as well as startup software companies generating employment opportunities for the youth of the region. It is set to develop many proposed residential areas like DLF's Durgapur Township. Companies like
Tata Consultancy Services (a major Indian multinational IT company) etc. have their branch office and back office respectively in the city.
Municipal finance According to financial data published on the CityFinance Portal of the Ministry of Housing and Urban Affairs, the Durgapur Municipal Corporation reported total revenue receipts of ₹98 crore (US$12 million) and total expenditure of ₹95 crore (US$11 million) in 2022–23. Tax revenue accounted for about 23.5% of the total revenue, while the corporation received ₹52 crore in grants during the financial year. ==Transport==