Godda is mostly famous for the Rajmahal coalfield in Lalmatia. It is an integral part of Jharkhand and is known for its hills and small forests. The mine present here is an integral part of ECL coalfields and is among the biggest in whole Asia.

Until the late 1980s Godda was full of forests and was a remote place far from science and technology and was living in a dark age as other districts of Jharkhand. The entire scenario changed after coal was first discovered in abundance under the Rajmahal Hills by a team of the Geological Survey of India. Central Mine Planning and Design Institute Ltd. conducted a detailed survey of the area. The Rajmahal Opencast Coal mine project was conceived in early 1980s, initially to supply coal to Farakka Super Thermal Power Project of NTPC, with an initial annual capacity of 5 million tonne. For expansion of this coal mine project to 10.5 million tonne per annum, an agreement was signed between Coal India Limited and Canadian Commercial Corporation in January 1989 where MET-CHEM Canada Inc. was designated as the Canadian Executing Agency for implementing the project. The Project was completed in July 1994 and is being run by Eastern Coalfileds Limited personnel. This mine is producing 11.5 million tonne coal per annum. This is being expanded further to 17 million tonne.

Jawahar Navodaya Vidyalaya Lalmatia, DAV Public School Urja Nagar, St. Thomas School Godda and High School Godda are among famous and best school in godda district.