NLMC's first end-to-end e-auction of RINL land raises Rs 366.33 crore on Day 1
On 13 October 2026, NLMC sold 150 RINL land plots in Visakhapatnam for Rs 366.33 crore in its first end-to-end e-auction, above Rs 312.48 crore reserve.
Summary
The National Land Monetization Corporation under the Department of Public Enterprises conducted Day 1 of its first end-to-end e-auction of Rashtriya Ispat Nigam Limited land parcels linked to Visakhapatnam Steel Plant. One hundred fifty plots sold for Rs 366.33 crore against an aggregate reserve of Rs 312.48 crore (average premium 17.23%). The highest price crossed Rs 1.80 lakh per square yard. Bidding used RailTel's E-Nivida platform with Quikr India as transaction consultant; phase two is scheduled for 30 October.
Key facts
- Agency
- National Land Monetization Corporation (NLMC), DPE, Ministry of Finance
- Asset owner
- Rashtriya Ispat Nigam Limited (Visakhapatnam Steel Plant)
- Day-1 result
- 150 plots sold; successful bids Rs 366.33 crore
- Reserve aggregate
- Rs 312.48 crore; average premium 17.23%
- Peak price
- Over Rs 1.80 lakh per square yard
- Platform
- RailTel E-Nivida; consultant Quikr India
- Phase 2
- 30 October
Practice MCQs 2 questions
In October 2026, how much did NLMC's Day-1 e-auction of RINL land parcels raise in successful bids?
Show answer
Correct answer: C — Rs 366.33 crore
NLMC's October 2026 first end-to-end land e-auction related to which CPSE's Visakhapatnam parcels?
Show answer
Correct answer: D — RINL