NLMC holds investor meet in Visakhapatnam ahead of steel plant land e-auction

VISAKHAPATNAM: The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises (DPE), Ministry of Finance, held an Investor Meet in Visakhapatnam on September 23 to brief prospective bidders and stakeholders ahead of the e-auction of 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant.

Senior officials from NLMC and RINL interacted with prospective investors, developers and other stakeholders, providing details on the land portfolio, plot locations and characteristics, e-auction process, eligibility criteria, registration, Earnest Money Deposit (EMD) and other applicable terms.

The investor outreach programme will continue with meetings in Vijayawada on September 24 and Hyderabad on September 25.

459 plots across Visakhapatnam

The e-auction covers 459 RINL land parcels aggregating 93,572.21 square yards across HB Colony, Maddilapalem and Auto Nagar in Gajuwaka, Visakhapatnam. Individual plot sizes range from approximately 128.94 square yards to 2,728 square yards.

The portfolio comprises:

• 456 residential plots at HB Colony, covering approximately 87,949.77 square yards.
• Three plots at Auto Nagar, Gajuwaka, covering approximately 5,622.44 square yards.

The properties are situated in established areas with access to existing road and civic infrastructure.

At Auto Nagar, the portfolio includes a contiguous 2,728-square-yard parcel in Block 2 and two residential plots in Block 3 aggregating approximately 2,894.44 square yards. The area has established commercial and industrial activity and connectivity with Visakhapatnam and surrounding areas.

Quikr India Pvt. Ltd. has been appointed as the Transaction Consultant for the e-auction.

Two-day e-auction in October

The e-auction will be conducted through the RailTel E-Nivida e-Procurement Platform in two sessions.

Day 1 — October 12, 2026

• 243 plots
• Auction: 11:00 AM to 7:00 PM
• Registration and EMD deadline: October 8, 2026, up to 5:00 PM

Day 2 — October 16, 2026

• 216 plots
• Auction: 11:00 AM to 7:00 PM
• Registration and EMD deadline: October 14, 2026, up to 5:00 PM

The EMD is ₹2 lakh per auction.

NLMC CEO Rohan Chand Thakur said the Visakhapatnam investor meet was intended to provide prospective bidders with comprehensive information on the land parcels, auction process and applicable terms and conditions. He said NLMC was working with RINL to facilitate monetisation through a transparent and competitive e-auction mechanism.

RINL General Manager (P&A) I/c Ravi Chandra Babu R said the investor meet enabled prospective bidders to understand the portfolio and auction process directly, adding that RINL would continue supporting NLMC in the structured monetisation of its non-core land assets.

Detailed auction documents, plot information, registration procedures and terms and conditions are available on the RailTel E-Nivida e-Procurement Platform.

About NLMC

National Land Monetization Corporation is a 100% Government of India-owned company under the administrative control of the Department of Public Enterprises, Ministry of Finance. It facilitates the monetisation of surplus land and non-core assets of Central Public Sector Enterprises and other government entities.

About RINL

Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, is a Navratna Central Public Sector Enterprise under the Ministry of Steel.