NLMC to hold investor meets in Visakhapatnam, Vijayawada and Hyderabad before e-auction of 459 RINL plots

The National Land Monetisation Corporation (NLMC) will hold investor meets in Visakhapatnam, Vijayawada and Hyderabad ahead of the e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the Visakhapatnam Steel Plant (VSP).

The investor meets will be held in Visakhapatnam on September 23, Vijayawada on September 24 and Hyderabad on September 25. The meetings are intended to provide prospective investors, developers and other eligible participants with details of the land portfolio, auction process and bidding requirements, besides an opportunity to interact with stakeholders.

The RINL portfolio comprises 459 plots spread across 93,572.21 square yards in HB Colony, Maddilapalem and Auto Nagar, Gajuwaka, in Visakhapatnam. Of these, 456 are residential plots in HB Colony covering 87,949.77 square yards. The remaining three plots in Auto Nagar cover 5,622.44 square yards. Individual plots range from 128.94 square yards to 2,728 square yards.