NLMC Concludes Three-City Investor Outreach Programme for RINL Land E-Auction
The National Land Monetization Corporation (NLMC) concluded a three-city Investor Outreach Programme in Visakhapatnam, Vijayawada, and Hyderabad for the upcoming e-auction of 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL). The e-auction of these 93,572.21 square yards of residential and commercial land parcels is scheduled in two sessions on October 12 and October 16, 2026, using the RailTel E-Nivida platform. Quikr India Pvt. Ltd. has been appointed as the Transaction Consultant for the process.
Why It Matters
This is relevant for exams covering Indian economy, government policies on public asset monetisation, and current affairs involving Central Public Sector Enterprises (CPSEs).
In Simple Words
The National Land Monetization Corporation has finished holding investor meetings in Visakhapatnam, Vijayawada, and Hyderabad. These meetings were held to inform investors, developers, and non-resident Indians about the upcoming online auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited in Visakhapatnam.
The e-auction covers 456 residential plots in HB Colony and 3 plots in Auto Nagar, Gajuwaka. The auction will take place in two sessions on October 12 and October 16, 2026, through the RailTel E-Nivida platform, with Quikr India Pvt. Ltd. acting as the transaction consultant.
Key Points
- NLMC concluded a three-city Investor Outreach Programme in Visakhapatnam, Vijayawada, and Hyderabad.
- The outreach programme was for the e-auction of 459 land parcels of Rashtriya Ispat Nigam Limited (RINL).
- The land portfolio comprises 93,572.21 square yards across HB Colony, Maddilapalem, and Auto Nagar, Gajuwaka, Visakhapatnam.
- Quikr India Pvt. Ltd. (QIPL) is appointed as the Transaction Consultant.
- The e-auction will be conducted via the RailTel E-Nivida e-Procurement Platform.
- Day 1 of the e-auction is scheduled for October 12, 2026, and Day 2 for October 16, 2026.
- The Earnest Money Deposit (EMD) is ₹2 lakh per auction.
- NLMC is a 100% Government of India-owned company under the Ministry of Finance.
Exam Angle
A. 459 land parcels
Source: Press Information Bureau