NLMC Hosts Major Investor Meet in Visakhapatnam Ahead of RINL Land E-Auction

The National Land Monetization Corporation (NLMC), operating under the Department of Public Enterprises (DPE), Ministry of Finance, Government of India, has officially commenced its investor outreach campaign by organizing a high-profile Investor Meet in Visakhapatnam. The primary objective of this strategic event is to brief prospective bidders, real estate developers, and key stakeholders on the upcoming transparent e-auction of 459 surplus land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity managing the Visakhapatnam Steel Plant.

Senior representatives from both NLMC and RINL addressed the gathering, detailing the \textensive land portfolio, precise geographical coordinates, plot characteristics, eligibility requirements, registration workflows, and financial compliance parameters like the Earnest Money Deposit (EMD). This \textensive outreach initiative underscores the government's steadfast commitment to unlocking the commercial value of underutilized public assets through transparent, competitive mechanisms.

Key Highlights & Major Announcements

• Strategic Initiative: NLMC launched its investor roadshow in Visakhapatnam to facilitate transparent e-auction of RINL's non-core land assets.
• Total Land Portfolio: 459 distinct land parcels aggregating approximately 93,572.21 square yards.
• Location Breakdown: 456 residential plots at HB Colony (covering ~87,949.77 sq yards) and three prime plots at Auto Nagar, Gajuwaka (~5,622.44 sq yards).
• Plot Dimensions: Individual plot sizes range from a compact 128.94 square yards up to 2,728 square yards.
• Transaction Consultant: Quikr India Pvt. Ltd. (QIPL) has been appointed to manage the professional advisory and execution of the e-auction process.
• Auction Platform & Dates: Hosted via the RailTel E-Nivida e-Procurement Platform in two sessions: Day 1 on October 12, 2026 (243 plots), and Day 2 on October 16, 2026 (216 plots).

Comprehensive Portfolio Analysis and Geographic Breakdown

The land parcels slated for the e-auction are situated in some of the most established, well-connected neighborhoods of Visakhapatnam, offering ready access to robust civic infrastructure, internal roadways, and commercial arteries. The portfolio has been meticulously curated to appeal to varied investor appetites, ranging from individual residential developers to mid-scale commercial real estate builders.

HB Colony and Maddilapalem Residential Portfolio

Accounting for the vast majority of the offerings, the 456 residential plots located in HB Colony cover approximately 87,949.77 square yards. These plots are strategically positioned within mature urban residential pockets of Visakhapatnam, ensuring high immediate livability ratings, established water and electricity networks, and seamless connectivity to prime city hubs and educational institutions.

Auto Nagar and Gajuwaka Commercial-Industrial Hub

In addition to residential offerings, the portfolio includes three vital plots located in Auto Nagar, Gajuwaka, aggregating approximately 5,622.44 square yards. This includes a contiguous parcel of 2,728 square yards in Block 2 and two residential plots in Block 3. Auto Nagar is widely recognized as a bustling industrial and commercial center in Visakhapatnam, offering massive potential for mixed-use developments, logistical facilities, or commercial expansions due to its superior connectivity to major highways and surrounding industrial zones.

The Investor Meet in Visakhapatnam is an important part of our outreach ahead of the RINL land e-auction. Our objective is to ensure that prospective bidders have access to comprehensive information on the land parcels, the auction process and the applicable terms and conditions. With 459 plots covering over 93,500 square yards across established locations of Visakhapatnam, the portfolio offers a range of land parcels that prospective bidders can evaluate based on their requirements. NLMC is working closely with RINL to facilitate the monetisation process through a transparent and competitive e-auction mechanism. — Shri Rohan Chand Thakur, CEO, NLMC

E-Auction Schedule, Registration, and Bidding Framework

To ensure fair play, maximum participation, and absolute transparency, the e-auction will be conducted digitally via the RailTel E-Nivida e-Procurement Platform. The bidding has been structured into two distinct sessions to manage the large volume of properties efficiently:

• Day 1 Session: Scheduled for October 12, 2026, from 11:00 AM to 7:00 PM, covering 243 plots. The strict deadline for online registration and EMD submission is October 8, 2026, up to 5:00 PM.
• Day 2 Session: Scheduled for October 16, 2026, from 11:00 AM to 7:00 PM, covering 216 plots. The registration and EMD submission deadline is October 14, 2026, up to 5:00 PM.

The Earnest Money Deposit (EMD) has been pegged at an accessible ₹2 lakh per auction. Comprehensive dossier downloads, detailed plot layouts, terms of service, and official onboarding portals can be accessed directly through the official e-auction portal at eauction.enivida.com.

Following the successful Visakhapatnam rollout, NLMC and RINL leadership will continue their investor roadshow campaigns with upcoming Investor Meets scheduled in Vijayawada on September 24, 2026, and Hyderabad on September 25, 2026.

Significance & National Economic Impact

The systematic monetization of surplus land assets held by Central Public Sector Enterprises (CPSEs) like RINL forms a cornerstone of India's broader asset monetization strategy. By unlocking unproductive or non-core land holdings, the government aims to generate substantial non-debt financial resources, reduce carrying costs for public sector undertakings, and channel private capital into productive economic land uses. For Visakhapatnam, this e-auction represents a major boost for the local real estate ecosystem, injecting fresh residential and commercial land inventory into a thriving urban market while reinforcing investor confidence in transparent public procurement policies.

Frequently Asked Questions (FAQs)

1. What is the total number of land parcels being auctioned by NLMC for RINL?

A total of 459 land parcels aggregating 93,572.21 square yards are being offered through the e-auction across Visakhapatnam.

2. Where are these land parcels located?

The parcels are located in established urban pockets of Visakhapatnam, specifically including HB Colony, Maddilapalem, and Auto Nagar (Gajuwaka).

3. What are the dates for the e-auction sessions?

The e-auction will take place in two sessions: Day 1 on October 12, 2026, and Day 2 on October 16, 2026, running from 11:00 AM to 7:00 PM on both days.

4. Where can prospective bidders register and check detailed documentation?

Bidders can register, submit EMDs, and view complete plot details via the official e-auction platform: https://eauction.enivida.com/.

Official Source & Verification

This article is grounded on the official press release issued by the Press Information Bureau (PIB), Government of India (Release ID: 2314146, Ministry of Finance). Access the official document: https://pib.gov.in/PressReleasePage.aspx?PRID=2314146&lang=1.