Geographical Co-ordinates: Latitude 23° 45' 37" to 23° 48' 37"
Coal requirement (Pro.) Mtpa.: 69
Geological Reserves Mt: 80.83
Status of Exploration: E
The joint venture set up by the two companies had an equity capital of only Rs 1 lakh at the time of establishment. Rungta Mines has reportedly been hauled up many times for violating forest norms and mining in excess of the approved limit.
Most of the 57 firms named in the CAG report are little known. An examination of the data available with the Registrar of Companies raises grave questions