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Ministry of Finance

NLMC Organises Mock E-Auction Training Ahead of RINL Land E-Auction

PrelimsMainsGS3GovernanceEconomy
Source-grounded summary

The National Land Monetization Corporation (NLMC), operating under the Department of Public Enterprises, Ministry of Finance, organized physical and online mock e-auction platform training sessions ahead of the upcoming e-auction of 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL). The land parcels, aggregating 93,572.21 square yards in Visakhapatnam, are scheduled to be auctioned in two phases on October 12 and October 16, 2026, via the RailTel E-Nivida e-Procurement Platform. NLMC's initiatives aim to facilitate the transparent and structured monetization of surplus land and non-core assets of Central Public Sector Enterprises (CPSEs) and government agencies.

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