NLMC puts 459 RINL land plots in Visakhapatnam up for e-auction
Synopsis
The Centre is auctioning 459 prime RINL land parcels in Visakhapatnam — covering over 93,000 square yards across residential and commercial zones — in what is among the largest structured CPSE land sales on India's eastern coast. Bidding opens in October via the RailTel E-Nivida platform, with an EMD of ₹2 lakh per plot.
Key Takeaways
NLMC has put 459 RINL land parcels totalling 93,572.21 square yards in Visakhapatnam up for e-auction.
The portfolio includes 456 residential MIG/LIG plots at HB Colony, Maddilapalem and a 2,728-sq-yard commercial plot at Auto Nagar, Gajuwaka .
Bidding will be held on 12 October and 16 October on the RailTel E-Nivida e-Procurement Platform .
Earnest Money Deposit is fixed at ₹2 lakh per plot ; KYC and online registration are mandatory.
Ltd. (QIPL) has been appointed as Transaction Consultant for the auction.
All plots carry clear, encumbrance-free government titles and direct access to NH-16 .
The National Land Monetisation Corporation (NLMC) has announced an e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam, Andhra Pradesh, marking one of the largest structured land sales by a Central Public Sector Enterprise on the eastern coast. The auction covers a total area of 93,572.21 square yards, with individual plots ranging from 128.94 square yards to 2,728 square yards, all offered with clear, encumbrance-free government titles.
What Is on Offer
The portfolio comprises 456 residential MIG/LIG plots located in the established urban neighbourhood of HB Colony, Maddilapalem, equipped with complete civic and social infrastructure. Approach roads range from 24 to 60 feet in width, and the plots enjoy direct proximity to National Highway 16 (NH-16).
Additionally, a prime 2,728-square-yard contiguous commercial parcel in Block 2, Auto Nagar, Gajuwaka — situated just 0.5 km from NH-16 — is being offered for commercial and logistics use. Two residential plots in Block 3 are also part of the auction list.
Auction Process and Key Dates
The competitive bidding process will be hosted on the RailTel E-Nivida e-Procurement Platform across two scheduled dates: 12 October and 16 October. Prospective bidders must complete online registration, KYC verification, and submit an Earnest Money Deposit (EMD) of ₹2 lakh per plot through the official portal within prescribed timelines.
Quikr India Pvt. Ltd. (QIPL) has been appointed as the Transaction Consultant to facilitate the auction process, according to a Finance Ministry statement issued on Tuesday, 1 September.
NLMC's Mandate and RINL's Background
NLMC is a 100% Government of India-owned company under the Department of Public Enterprises, Ministry of Finance, established specifically to monetise surplus land and non-core assets held by CPSEs and government agencies through a structured, transparent framework. RINL, the corporate entity of Visakhapatnam Steel Plant, is a Navratna Central Public Sector Enterprise operating under the Ministry of Steel.
Why This Matters
This auction is part of the Centre's broader push to unlock value from idle public assets, channelling proceeds back into the exchequer. Visakhapatnam's strategic position as a major port city and industrial hub lends the plots significant commercial appeal for developers, logistics operators, and individual investors alike. The digitally enabled bidding process is designed to ensure transparency and widen participation beyond traditional real-estate circles.
With bidding set for mid-October, eligible investors, developers, and individual buyers have a narrow window to complete registration and compliance requirements before the auction opens.
Point of View
But the real question is whether the e-auction structure draws competitive bids beyond local developers. RINL itself has been under financial stress, and the proceeds from these non-core assets could provide some balance-sheet relief — though the scale, at 459 plots, is modest relative to the company's broader challenges. The Centre's insistence on a fully digital, KYC-gated process is a credibility signal, but execution will depend on how aggressively NLMC markets the auction to pan-India and NRI investor pools.
NationPress
1 Sept 2026
Frequently Asked Questions
What is the NLMC RINL land e-auction in Visakhapatnam?
The National Land Monetisation Corporation (NLMC) is auctioning 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam, Andhra Pradesh, covering a total of 93,572.21 square yards. The plots include residential MIG/LIG units at HB Colony, Maddilapalem, and a prime commercial parcel at Auto Nagar, Gajuwaka, all offered with clear government titles.
When are the auction dates and how can one participate?
The e-auction is scheduled for 12 October and 16 October on the RailTel E-Nivida e-Procurement Platform. Prospective bidders must complete online registration, KYC verification, and deposit an Earnest Money Deposit (EMD) of ₹2 lakh per plot within prescribed timelines before the auction opens.
What types of plots are available in the RINL Visakhapatnam auction?
The auction offers 456 residential MIG/LIG plots at HB Colony, Maddilapalem, with plot sizes ranging from approximately 128.94 square yards to 2,728 square yards. A 2,728-square-yard commercial and logistics plot at Auto Nagar, Gajuwaka, and two additional residential plots in Block 3 are also on the list.
What is NLMC and why is it selling RINL land?
NLMC is a 100% Government of India-owned company under the Ministry of Finance, mandated to monetise surplus and non-core assets of Central Public Sector Enterprises (CPSEs). The RINL land sale is part of this broader programme to unlock value from idle public assets and channel proceeds back to the government.
Who is the transaction consultant for the RINL land auction?
Quikr India Pvt. Ltd. (QIPL) has been appointed as the Transaction Consultant to facilitate the auction process, as confirmed in a Finance Ministry statement issued on 1 September.
