NLC India Limited Organizes Financial Investment Advisory Program for Project Affected Persons
As a responsible corporate, NLCIL engaged officials from the State Bank of India (SBI), Neyveli, and Pondicherry to conduct a two-day financial investment and planning program on June 1 and June 3, 2024, at the Learning and Development Centre (L&DC) in Neyveli for the Land owners /PAPs of Karevetti village.
New Delhi:
NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, Government of India, has taken a commendable step in ensuring the financial well-being of Project Affected Persons (PAPs) by organizing a Financial Investment Advisory Program as per the directives of Chief Secretary, GoTN.
As a responsible corporate, NLCIL engaged officials from the State Bank of India (SBI), Neyveli, and Pondicherry to conduct a two-day financial investment and planning program on June 1 and June 3, 2024, at the Learning and Development Centre (L&DC) in Neyveli for the Land owners /PAPs of Karevetti village.
The program aimed to provide guidance to PAPs on the proper investment of land compensation amounts received from the District Administration.
Read Also : Indian Overseas Bank Reports 24.32% increase in Net Profit for Q2FY25The program was inaugurated by Shri Jasper Rose, ED/Mines & Land, who felicitated the inaugural session. Shri Srinivasa Raghavan, GM/ Land, and Shri M Sekar, DGM/Land participated in the program and facilitated the proceedings.
The program was attended by more than 60 land owners / beneficiaries who had received a total Land compensation of approximately Rs. 15.39 crores for about 6.28 hectares of land acquired by NLCIL from the Land owners of Karevetti village. The program provided valuable insights and advice to the PAPs on how to invest their Land compensation amounts appropriately/safely for them and their family’s future financial security.
Read Also : Urgo Capital And United States International Development Finance Corporation (DFC)The participant PAPs appreciated NLCIL management and its Land Department for having organised such program at an appropriate time and beneficial for their secured future. To ensure the comfort and convenience of the PAPs, NLCIL provided lunch, snacks, and transportation facilities to the Land owners/PAPs.
NLCIL has demonstrated its commitment and dedication towards the well-being of PAPs in empowering and supporting those affected by its project by providing commendable financial investment advisory services.
Read Also : Karur Vysya Bank announced its Q2 results todayNews Must Read
- TCIL celebrates 46th Foundation Day on 15th Oct 2024
- SECL Becomes First Coal Company to Open Four AMRIT Pharmacies
- RVNL wins contract for Nagpur Metro Phase-2 Project
- Ircon International shares gains 4% amid signing MoU with Patel Engineering
- RailTel shares surge 10% amid bagging Rs 79 crore order from MHADA
- Larsen & Toubro Wins Order for Agra Metro Network
- Noida airport completes calibration flight to test navigation system
- RBI imposes monetary penalty on SG Finserve limited
- RECPDCL Hands Over Rajasthan-IV H-1 Power Transmission Limited to PowerGrid
- PFC Consulting Limited Signs MoU with Central Electricity Authority