Panchet Dam was opened in 1959. Panchet Dam is constructed across the Damodar River in Dhanbad District in the state of Jharkhand. Panchet Dam is situated in north of Dhanbad District. Panchet Dam is located 9 Kms far from Chirkunda. Lots of people come here on Christmas and New Year to celebrate picnic spot with friends and families according to their plans. Jawaharlal Nehru was invited to inaugurate the Panchet Dam in 1959.