As Vinay Bansal, chairman of the Maharashtra State Electricity Board (MSEB) walked into a board meeting of the Engon-promoted Dabhol Power Company (DPC) in London on Wednesday, April 25, he had reason to be happy. The other person who had reason to smile was the Maharashtra energy secretary V M Lal. Bansal and Lal are on the DPC board by virtue of MSEB holding a 15 per cent stake in it.