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Economy & Banking 24 September 2026 · Event date: 23 September 2026
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NLMC Holds Investor Meet in Visakhapatnam Ahead of RINL Land E-Auction

NLMC Holds Investor Meet in Visakhapatnam Ahead of RINL Land E-Auction
Official visual from the source release · Source: Press Information Bureau

The National Land Monetization Corporation (NLMC) organized an Investor Meet in Visakhapatnam to brief stakeholders on the upcoming e-auction of 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL). The e-auction, covering over 93,500 square yards across areas like HB Colony and Auto Nagar, is scheduled for October 12 and October 16, 2026. Quikr India Pvt. Ltd. serves as the Transaction Consultant, and the auctions will be conducted via the RailTel E-Nivida platform.

Why It Matters

This press release is relevant for candidates preparing for competitive exams covering government bodies, economic policies, land monetization, and public sector undertakings.

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In Simple Words

The National Land Monetization Corporation (NLMC), under the Ministry of Finance, hosted an Investor Meet in Visakhapatnam. This meeting prepared prospective bidders for the upcoming e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant.

The e-auction includes residential and other plots located in areas such as HB Colony, Maddilapalem, and Auto Nagar. Scheduled across two days in October 2026, the auction process is being facilitated by Quikr India Pvt. Ltd. as the Transaction Consultant and will use the RailTel E-Nivida platform.

Key Points

  • NLMC organized an Investor Meet in Visakhapatnam for the upcoming e-auction of 459 RINL land parcels.
  • The e-auction comprises 93,572.21 square yards of land across HB Colony, Maddilapalem, and Auto Nagar, Visakhapatnam.
  • The portfolio features 456 residential plots at HB Colony and three plots at Auto Nagar, Gajuwaka.
  • Quikr India Pvt. Ltd. (QIPL) is the Transaction Consultant for the e-auction process.
  • Further Investor Meets are scheduled in Vijayawada on September 24, 2026, and Hyderabad on September 25, 2026.
  • The e-auction will take place on October 12, 2026 (Day 1) and October 16, 2026 (Day 2) via the RailTel E-Nivida platform.
  • The Earnest Money Deposit (EMD) is set at ₹2 lakh per auction.
  • NLMC is under the Department of Public Enterprises, Ministry of Finance, while RINL is under the Ministry of Steel.

Exam Angle

Organising body
National Land Monetization Corporation (NLMC)
Target entity
Rashtriya Ispat Nigam Limited (RINL)
Transaction consultant
Quikr India Pvt. Ltd. (QIPL)
E-procurement platform
RailTel E-Nivida Platform

A. 459 land parcels

Source: Press Information Bureau

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