VV Minerals India was founded by S Vaikundarajan in the late 1980s. For the last two decades, the company has grown into an entity and won several national awards for its contribution to the export business.
In another such achievement, one of the country leading beach mineral exporters has yet again bagged an award. VV Minerals was awarded with the ‘CAPEXIL Award’ for its export performance.
Managing Director of VV Mineral, V Subramanian, accepted the award for top export category from Union Minister of micro, small and medium enterprises, Kalraj Mishra. The event was held in Delhi on 28th Jan, 2016.
Viapar is a coastal village in Tamil Nadu’s Tuticorin district troubled by heavy beach erosion from illegal beach mining across the region. The corrosion issues have traveled to neighboring villages as well.
VV Mineral Mining has been held responsible for this catastrophe through several allegations. According to a report, the company encroached 30 hectares of government land and other mining lease violations.
District collector, received transfer orders during his inquiry. However, there is no evidence to suggest that the transfer orders were influenced by VV Mineral Vaikundarajan political connections.
Speaking to NDTV, VV Minerals India stated, “These allegations made by the former district collector are baseless, motivated and vague.”
V Sundaram, first District Collector, wrote a letter to the Chief Secretary of the state in January 2013 accusing VV Minerals of illegal mining worth over Rs. 96,000 crores. The letter also accused state government departments of favoring VV Minerals. “The mining lease was given to them within 72 days, while the other companies are still waiting for permission,” the letter stated.
VV Minerals, was quick to dismiss these allegations as a conspiracy by its business rivals.
VV Mineral was quoted by NDTV, “Sundaram is passing this as a cruel joke. He is on the payroll of our business rival. Our hands are clear. We will come out clear from these allegations. Our records are straight.”