NLMC to e-auction 459 RINL land parcels in Visakhapatnam
The National Land Monetisation Corporation is set to auction 459 land parcels belonging to Rashtriya Ispat Nigam Limited in Visakhapatnam. The auction, scheduled for October, aims to unlock economic value from surplus public sector assets.
Why it matters
This initiative reflects the government's broader strategy to monetize underutilized public assets to generate revenue and stimulate economic activity.
As part of the central government’s ongoing asset monetisation drive to unlock economic value from surplus public sector assets, the National Land Monetisation Corporation (NLMC) has announced an online e-auction for 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), according to an authorised official release here on Saturday (September 5, 2026).
Spanning a total area of 93,572.21 square yards, these properties come with clear, encumbrance-free government titles. According to the tender invitation issued by NLMC, the competitive online bidding will be hosted on RailTel’s E-Nivida e-procurement platform across two scheduled phases on October 12 and October 16, 2026.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in