The National Land Monetization Corporation (NLMC), a 100% Government of India-owned enterprise under the Department of Public Enterprises, Ministry of Finance, has announced the e-auction of 459 strategically located land parcels owned by Rashtriya Ispat Nigam Limited (RINL - Visakhapatnam Steel Plant) in Visakhapatnam, Andhra Pradesh. The total land portfolio spans 93,572.21 square yards being offered for outright sale with clear, encumbrance-free government titles.
Land Portfolio Details
The portfolio consists of two main components located in prime areas of Visakhapatnam. In HB Colony, Maddilapalem, there are 456 residential MIG/LIG plots situated in an established urban neighborhood with complete civic and social infrastructure. These properties feature 24- to 60-foot concrete approach roads and direct proximity to National Highway 16 (NH-16). In Auto Nagar, Gajuwaka, the offering includes a prime 2,728-square-yard contiguous parcel in Block 2 located 0.5 km from NH-16 (tailored for commercial and logistics use), alongside two residential plots in Block 3. Individual plot sizes range from approximately 128.94 square yards to 2,728 square yards.
Auction Process and Requirements
The competitive bidding process will be hosted on the RailTel E-Nivida e-Procurement platform across two scheduled dates: October 12, 2026 and October 16, 2026. Prospective bidders must complete online registration, KYC verification, and submit an Earnest Money Deposit (EMD) fixed at ₹2 lakh per plot through the official portal (https://eauction.enivida.com) within the prescribed timelines. Quikr India Pvt. Ltd. (QIPL) has been appointed as the Transaction Consultant to facilitate the entire auction process.
Strategic Context
This initiative aligns with NLMC's core mandate to monetize surplus land and non-core assets held by Central Public Sector Enterprises (CPSEs) and government agencies through a structured and transparent framework. The digitally enabled bidding process provides eligible investors, developers, and individual participants a secure opportunity to acquire assets in prime, established areas of Visakhapatnam. RINL, the corporate entity of Visakhapatnam Steel Plant, is a Navratna Central Public Sector Enterprise operating under the Ministry of Steel, Government of India.