NLMC to e-auction 459 RINL land parcels in Visakhapatnam
On 1 September 2026, the National Land Monetization Corporation announced the e-auction of 459 land parcels of Rashtriya Ispat Nigam Limited in Visakhapatnam, covering 93,572.21 square yards.
Summary
The National Land Monetization Corporation (NLMC), a wholly Government-owned company under the Department of Public Enterprises in the Ministry of Finance, announced on 1 September 2026 the e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL – Visakhapatnam Steel Plant). The parcels cover 93,572.21 square yards in HB Colony and Auto Nagar, Visakhapatnam, Andhra Pradesh, and are offered for outright sale with clear titles. Quikr India Pvt. Ltd. is the transaction consultant.
Key facts
- Seller
- NLMC (under DPE, Ministry of Finance)
- Asset owner
- RINL – Visakhapatnam Steel Plant
- Portfolio
- 459 parcels, 93,572.21 sq yd, HB Colony & Auto Nagar
- Mode
- E-auction, outright sale
- Consultant
- Quikr India Pvt. Ltd.
Practice MCQs 1 questions
The National Land Monetization Corporation, which announced the e-auction of RINL land in Visakhapatnam, functions under which department?
Show answer
Correct answer: C — Department of Public Enterprises, Ministry of Finance
NLMC is a 100% Government-owned enterprise under the administrative control of the Department of Public Enterprises, Ministry of Finance.