Geological Reserves Mt:10.05
Status of Exploration: E
Vijay Joshi, the owner of Vini Iron & Steel Udyog, is reportedly close to former Jharkhand Chief Minister Madhu Koda.
The BJP government did not recommend the case of Vini Iron and Steel Udyog Limited for the allocation of coal block but the change of regime under Madhu Koda saw the company getting the block after being purchased by his aide.
Vijay Joshi, owner of Vini Iron and Steel Udyog Ltd and now one of the prime accused in coal blocks allocation (Coalgate) scam,
There seems to be trouble in store for Jharkhand's former chief minister Madhu Koda, as the CBI has found that the state government gave recommendations for 13 coal blocks to private companies during his tenure,
The CBI has alleged that some companies which were allotted coal blocks between 2006 and 2009 had "misrepresented" facts and made "fraudulent" claims to "embellish" their applications to get the allotments.