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Ministry of Finance

NLMC Holds Investor Meet in Visakhapatnam Ahead of RINL Land E-Auction

PrelimsMainsGS3EconomyGovernment Schemes
Source-grounded summary

The National Land Monetization Corporation (NLMC), operating under the Department of Public Enterprises, Ministry of Finance, organized an Investor Meet in Visakhapatnam to brief prospective bidders on the upcoming e-auction of 459 non-core land parcels belonging to Rashtriya Ispat Nigam Limited (RINL). Spanning a total of 93,572.21 square yards across locations like HB Colony, Maddilapalem, and Auto Nagar, the land portfolio comprises residential and commercial-industrial plots. Quikr India Pvt. Ltd. serves as the transaction consultant, while the auctions are scheduled on the RailTel E-Nivida platform for October 12 and October 16, 2026. Further outreach programs are planned for Vijayawada and Hyderabad.

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