The National Land Monetization Corporation (NLMC), under the administrative control of the Department of Public Enterprises, Ministry of Finance, will organise a series of Investor Meets in Visakhapatnam, Hyderabad and Vijayawada as part of its outreach initiative ahead of the e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL – Visakhapatnam Steel Plant).

The Investor Meets will be held on 23 September 2026 – Visakhapatnam, 24 September 2026 – Vijayawada and 25 September 2026 – Hyderabad

The meetings are aimed at providing prospective investors, developers and other eligible participants an opportunity to understand the land portfolio, auction process, bidding requirements and other relevant details, and to interact with the concerned stakeholders.

The RINL land portfolio comprises 459 plots spread across 93,572.21 square yards at HB Colony, Maddilapalem and Auto Nagar, Gajuwaka, in Visakhapatnam. The individual plots range from approximately 128.94 square yards to 2,728 square yards.

The larger component comprises 456 residential plots at HB Colony, spread across 87,949.77 square yards. The portfolio also includes three plots at Auto Nagar, Gajuwaka, covering 5,622.44 square yards. The properties are strategically located within established residential, commercial and industrial areas of Visakhapatnam and are being offered through a transparent and competitive e-auction process.

The land assets are being offered with clear and encumbrance-free government titles, subject to the terms and conditions of the auction. Quikr India Pvt. Ltd. (QIPL) has been appointed as the Transaction Consultant for the process.

E-Auction Schedule

The e-auction will be conducted through the RailTel E-Nivida e-Procurement Platform in two sessions.

Day 1 will be held on October 12, 2026, comprising 243 plots. The last date for registration and submission of EMD for Day 1 is October 8, 2026, up to 5:00 PM.

Day 2 will be held on October 16, 2026, comprising 216 plots, with the last date for registration and submission of EMD being October 14, 2026, up to 5:00 PM.

The Earnest Money Deposit (EMD) is ₹2 lakh per plot. Prospective bidders are required to complete registration, KYC formalities and EMD payment within the prescribed timelines.

The e-auction will be conducted through the RailTel E-Nivida e-Procurement Platform.

Official e-Auction Portal:
 https://eauction.enivida.com/

Detailed information on the plots, reserve prices, eligibility criteria, bidding process, registration requirements and terms and conditions is available through the official auction documents.

The Investor Meets will also provide an opportunity for prospective participants to seek clarifications and understand the process before participating in the e-auction.

NLMC is undertaking the initiative as part of its mandate to facilitate the professional, structured and transparent monetisation of surplus land and other non-core assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.

Prospective investors and other interested stakeholders are advised to follow NLMC's official social media handles for further updates on the Investor Meets, RINL land e-auction and related announcements.

About NLMC

National Land Monetization Corporation (NLMC) is a 100% Government of India-owned company under the administrative control of the Department of Public Enterprises, Ministry of Finance. NLMC has been established to facilitate the monetisation of surplus land and other non-core assets of CPSEs and other Government agencies through a structured and professional framework.

About RINL

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the Visakhapatnam Steel Plant, is a Navratna Central Public Sector Enterprise under the Ministry of Steel, Government of India.

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SR/DAM

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