NLMC’s first end-to-end e-auction of RINL land: ₹366.33 crore on Day 1
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On 13 October 2026 the National Land Monetization Corporation held Day 1 of its first end-to-end e-auction of surplus RINL land in Visakhapatnam. Buyers took 150 plots for ₹366.33 crore against a ₹312.48 crore reserve. Phase 2, covering 216 plots, is set for 30 October 2026.
- Agency
- NLMC
- Land of
- RINL (Vizag Steel)
- Day 1
- 150 plots, ₹366.33 cr
- Phase 2
- 216 plots, 30 Oct
NLMC’s RINL land e-auction: what happened?
Many CPSEs sit on land they do not use. NLMC’s job is to bring that land to market in a transparent auction instead of quiet allotments.
- The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises, Ministry of Finance, held Day 1 of its first end-to-end e-auction of Rashtriya Ispat Nigam Limited (RINL) land in Visakhapatnam on 13 October 2026.
- 150 plots sold for ₹366.33 crore against a reserve of ₹312.48 crore (average premium 17.23%); the highest price crossed ₹1.80 lakh per square yard.
- Bidding ran on RailTel’s E-Nivida platform; Quikr India Private Limited is the Transaction Consultant. Phase 2 (216 remaining plots) is on 30 October 2026; registration closes 27 October 2026.
What is NLMC?
- A Government of India company under the Department of Public Enterprises, Ministry of Finance. It helps monetise surplus land and building assets of CPSEs and other government entities.
How was this auction run?
- End-to-end by NLMC with RINL. Investor outreach in Visakhapatnam, Vijayawada and Hyderabad in September 2026 covered registration, documents, EMD and online bidding.
Why does NLMC’s RINL land e-auction matter?
- Fiscal: Cash from surplus land without selling the steel plant itself.
- Governance: Open e-auction on a public platform for price discovery.
- Local economy: Plots in Visakhapatnam move from idle CPSE books to private use.
What can Prelims ask on NLMC’s RINL land e-auction?
- NLMC under DPE, Ministry of Finance.
- RINL = Visakhapatnam Steel Plant.
- Day 1: 150 plots, ₹366.33 crore.
- Phase 2: 216 plots on 30 Oct 2026; register by 27 Oct.
- Platform: RailTel E-Nivida.
Image: https://commons.wikimedia.org/wiki/File:Visakhapatnam_Steel_Plant.jpg
How to use this in Mains
If asked: Asset monetisation can fund infrastructure without new borrowing. Examine with examples. (GS-III)
Quote: “NLMC’s job is to bring that land to market in a transparent auction instead of quiet allotments.”
Use it: Use it to describe NLMC's role, then cite the ₹366.33 crore Day 1 result as evidence.
Exam angle
Prelims: NLMC, RINL, auction figures. · Mains GS-III: asset monetisation and CPSE reform.
Practice MCQs
Original practice questions (not PYQs).
NLMC functions under which Department?
Answer (b) & explanation
PIB, 13 Oct 2026.
Questions students ask about this
What is NLMC?
The National Land Monetization Corporation, under the Department of Public Enterprises, Ministry of Finance.
How much was bid on Day 1 of the RINL e-auction?
₹366.33 crore for 150 plots, against a reserve of ₹312.48 crore.
When is Phase 2?
On 30 October 2026, for the remaining 216 plots; registration closes on 27 October 2026.
Keep studying
Go deeper
Official source: PIB: NLMC's first end-to-end e-auction of RINL land parcels generates ₹366.33 Crore in successful bids on Day 1, 13 Oct 2026
facts from cited sources only; faculty review pending