The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises, Ministry of Finance, conducted comprehensive mock e-auction training sessions in preparation for the upcoming RINL land e-auction. A physical training session was held in Visakhapatnam on October 6, 2026, followed by an online session on October 7, 2026, designed to familiarize prospective bidders with the digital bidding process on the RailTel E-Nivida e-Procurement platform.
NLMC is auctioning 459 premium, encumbrance-free land parcels belonging to Rashtriya Ispat Nigam Limited (RINL) totaling 93,572.21 square yards across locations including HB Colony, Maddilapalem, and Auto Nagar in Gajuwaka, Visakhapatnam. The plots range in size from approximately 128.94 square yards to 2,728 square yards, offering various options for prospective buyers.
The auction will be conducted in two phases: Phase 1 on October 12, 2026 (11:00 AM to 7:00 PM) covering 243 plots, and Phase 2 on October 16, 2026 (11:00 AM to 7:00 PM) covering 216 plots. Registration and earnest money deposit (EMD) of ₹2 lakh per plot must be completed by October 8, 2026, 5:00 PM for Phase 1 and by October 14, 2026, 5:00 PM for Phase 2.
NLMC CEO Rohan Chand Thakur emphasized the corporation's commitment to ensuring a transparent, accessible, and participant-friendly auction process. Quikr India Pvt. Ltd. serves as the Transaction Consultant for the process. Prior to the mock training sessions, NLMC conducted investor meets in Visakhapatnam, Vijayawada, and Hyderabad to provide detailed information about the land parcels and auction procedures to prospective buyers, including those participating physically, virtually, and from overseas.
This initiative is part of the Government's broader objective to monetize surplus land and non-core assets of Central Public Sector Enterprises through structured and transparent processes. Detailed information about the auction is available on the official e-auction portal: https://eauction.enivida.com/.