National Land Monetization Corporation (NLMC) raises ₹366.33 crore from 150 RINL land parcels on Day 1 of its first end-to-end e-auction

Key facts

• The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises, Ministry of Finance, conducted Day 1 of its first end-to-end e-auction of surplus land parcels of Rashtriya Ispat Nigam Limited (RINL), the corporate entity operating the Visakhapatnam Steel Plant.
• 150 plots were sold in the first phase, generating successful bids worth ₹366.33 crore against an aggregate reserve price of ₹312.48 crore, an average premium of 17.23% over the reserve price.
• The highest auction price crossed ₹1.80 lakh per square yard.
• Quikr India Private Limited (QIPL) is the Transaction Consultant, and the online bidding is conducted through RailTel's E-Nivida platform.
• NLMC and RINL conducted investor outreach in Visakhapatnam, Vijayawada and Hyderabad during September 2026.
• The second and final phase of the e-auction, covering the remaining 216 land parcels, is scheduled for October 30, 2026, from 11:00 AM to 5:00 PM, with registration to be completed by October 27, 2026.