The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises (DPE), Ministry of Finance, has stepped up preparations for the upcoming auction of surplus land belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant. As part of the preparations, NLMC organised a physical mock e-auction platform training in Visakhapatnam on October 6, 2026, followed by an online training session on October 7.
The training programmes were designed to familiarise prospective bidders and other stakeholders with the digital auction platform before the commencement of the live bidding process. Participants were provided with practical exposure to the bidding interface, registration procedures and other important aspects of participating in an online auction.
The online mock session was particularly aimed at bidders who could not attend the physical programme in Visakhapatnam. Through the virtual training, participants were able to understand the digital bidding process remotely and gain greater confidence in using the platform before the scheduled auctions.
The mock training comes ahead of a two-phase e-auction of 459 RINL land parcels in Visakhapatnam. The first phase will be conducted on October 12, 2026, while the second phase is scheduled for October 16. Both auctions will take place between 11:00 AM and 7:00 PM.
NLMC CEO Shri Rohan Chand Thakur said the physical and online training sessions were aimed at ensuring that prospective bidders were adequately prepared for the live auction. He emphasised the importance of making the process transparent, accessible and participant-friendly, while giving bidders sufficient opportunity to understand the platform and complete the required formalities within the prescribed deadlines.
459 Land Parcels Across Key Visakhapatnam Locations
The land portfolio being offered by RINL consists of 459 premium, encumbrance-free plots, covering a combined area of approximately 93,572.21 square yards. The properties are situated in prominent areas of Visakhapatnam, including HB Colony, Maddilapalem and Auto Nagar in Gajuwaka.
Individual plot sizes range from around 128.94 square yards to 2,728 square yards, providing prospective buyers with options across different locations and plot categories.
The properties will be auctioned through a transparent and competitive e-tender-cum-e-auction process hosted on the RailTel E-Nivida e-Procurement Platform. Quikr India Pvt. Ltd. (QIPL) has been appointed as the transaction consultant for the auction process.
Two-Phase Auction Schedule
The first phase will cover 243 plots, with registration and submission of the Earnest Money Deposit (EMD) closing on October 8, 2026, at 5:00 PM. The second phase will comprise 216 plots, for which the registration and EMD deadline is October 14, 2026, at 5:00 PM.
The EMD has been fixed at ₹2 lakh per plot for both phases. Interested bidders are required to complete registration, meet the eligibility conditions and submit the prescribed EMD within the specified timelines.
Investor Outreach Strengthened
Before the auction, NLMC conducted investor outreach programmes in Visakhapatnam, Vijayawada and Hyderabad. These Investor Meets enabled prospective buyers and stakeholders to obtain information about the available properties, eligibility conditions, auction procedures and other requirements.
The programmes attracted participation through both physical and virtual modes, including individuals and entities located outside the region and overseas. The mock e-auction sessions have further strengthened the outreach by giving participants hands-on experience with the online bidding system.
NLMC’s efforts are part of the Government’s broader strategy to unlock value from surplus land and non-core assets held by Central Public Sector Enterprises and other government agencies through transparent and structured monetisation mechanisms.
The RINL auction therefore represents a significant opportunity for prospective investors to acquire land parcels in strategically located areas of Visakhapatnam through a competitive digital bidding process. Detailed information on the plots, eligibility requirements, terms and conditions, registration process and auction schedule is available on the official e-auction portal.
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Author: Shivam
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