NLMC’s first end-to-end e-auction of RINL land parcels generates ₹366.33 Crore in successful bids on Day 1, 150 plots sold

The National Land Monetization Corporation (NLMC), under the Ministry of Finance, conducted its first end-to-end e-auction of land parcels belonging to Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam. Day 1 of the auction resulted in the sale of 150 plots, generating ₹366.33 crore against an aggregate reserve price of ₹312.48 crore, reflecting an average premium of 17.23%. The process, facilitated using RailTel’s E-Nivida platform with Quikr India Private Limited as the transaction consultant, forms part of broader efforts to monetize surplus land assets of Central Public Sector Enterprises. The second and final phase for the remaining 216 plots is scheduled for October 30, 2026.