Rs. 96 Thousand Crores Is A Speculative Figure Not Reality Says VV Minerals India, Vaikundarajan

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Rs. 96 Thousand Crores Is A Speculative Figure
Not Reality Says VV Minerals India, Vaikundarajan
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S Vaikundarajan set VV Minerals India operations
in motion in 1989 and has since never looked
back. His was the first ever mining company in
India to have received permits for the export of
minerals such as rutile, ilmenite, sillimanite
and garnet.
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For 20 years VV Minerals India and S
Vaikundarajan have conducted their business while
remaining in the legal purview.
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However, in 2013 an IAS as a Collector of
Tuticorin arrived at the gates of VV Mineral and
demanded that he be allowed to inspect the
premises despite the absence of a valid search
warrant.
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On being refused entrance owing to the lack of
the necessary paperwork, he raised an alarm in
suspicion of illegal mining activities.
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S Vaikundarajan and VV Minerals India suspect
that it is their business rivals who are up to
defaming the company and its legacy of
forerunning progress in the mining industry.
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In order to put suspicions to rest the Central
Government ordered a probe into the matter and
the Department of Atomic Energy ran a thorough
check of the VV Minerals Indias facilities and
premises.
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Post which the company was declared in capable of
extracting thorium which is the mineral in
question for the alleged illegal beach mining scam
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Despite the DAE having cleared their name, VV
Minerals India and S Vaikundarajan continue to be
represented as mafia rather than respectable
businessman.
However, S Vaikundarajan is hopeful of coming out
clean out of the mess.
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