Chennai: The New Rehabilitation and Resettlement Policy of NLC India Ltd has raised a red flag for PMK founder S. Ramadoss, who has called the compensation paid to landowners "paltry." NLC India, an integrated lignite/coal mining and power generation firm, unveiled its New Rehabilitation and Resettlement Policy for landowners whose land the company plans to acquire for growth on Monday.
Shri Pralhad Joshi, Union Minister of Coal, Mines, and Parliamentary Affairs, announced the new policy on Monday. According to Ramadoss, the NLC India intends to purchase 12,125 acres in 26 villages in the Cuddalore district in order to construct its third lignite mine. The corporation would also buy the land that homeowners have built their houses on.
He said that the area sought for acquisition by NLC India is fertile agricultural land worth around Rs 60-70 lakh per acre on the market, whereas the business is only giving Rs 23 lakh per acre.
Farmers can earn the compensation paid by NLC India in two years, according to Ramadoss. Similarly, home plots sell for Rs 2.5-3 lakh per cent - one cent equals 435 square feet - on the open market, while the company is offering Rs 40,000 (in rural regions) and Rs 75,000 (in urban areas) (in urban areas).