NLMC conducts a mock e-auction training ahead of RINL land e-auction

Source: Press Information Bureau (PIB), Government of India — Finance Ministry PIB Delhi Read the original release on pib.gov.in

• E-auction of 459 land parcels of RINL spread over 93,572.21 square yards will be held on October 12 and 16.
• Last date for registration and submission of EMD for the first auction is 8th October 2026, 5:00 PM

Under the Department of Public Enterprises (DPE), Ministry of Finance National Land Monetization Corporation (NLMC) has organized a virtual auction in Visakhapatnam on 6 October 2026 to familiarize the prospective bidders with the online bidding process ahead of the upcoming e-auction. Live Mock E-Auction Platform Training Held. This training is being conducted by the corporate unit of Visakhapatnam Steel Plant. Rashtriya Ispat Nigam Limited (RINL) Held in view of the upcoming e-auction of 459 land parcels of Rs.

The objective of the practical training was to provide the potential bidders and other interested stakeholders the experience of the e-auction platform in a simulated environment. The sessions covered the bidding interface, participation process and other important aspects of the online auction process, enabling participants to gain a practical understanding of the platform before the actual auction.

For the convenience of prospective bidders who could not attend the physical training, NLMC has organized Online Mock E-Auction Platform Training Also organized. Through this online session, participants got the opportunity to understand the digital bidding process remotely ahead of the actual auction to be held on 12th and 16th October 2026.

This mock e-auction initiative has been organized a few days before the land e-auction of RINL to be held in two phases. first stage On October 12, 2026 from 11:00 am to 7:00 pm and second step 16 October 2026 from 11:00 am to 7:00 pm Will be held.

Chief Executive Officer of NLMC during the program Shri Rohan Chand Thakur Said that live and online mock e-auction sessions are important steps towards familiarizing potential bidders with the digital bidding process before the actual auction. He said that the endeavor of NLMC is to make the auction process transparent, accessible and participant friendly and to provide adequate opportunity to the potential bidders to understand the platform and complete the necessary formalities within the stipulated time frame. He said that RINL's land auction presents an important opportunity for asset monetization and NLMC is committed to carrying out this process in a professional, transparent and streamlined manner.

459 land parcels spread over 93,572.21 square yards

RINL's land portfolio is located in Visakhapatnam. 459 premium and encumbrance-free plots total which includes 93,572.21 square yards Are spread in the area. These include areas like HB Colony, Madillapalem and Auto Nagar, Gajuwaka.

The size of these plots is approximately 128.94 square yards to 2,728 square yards , giving potential buyers options in a variety of locations and sizes.

These properties are offered RailTel E-Nivida e-Procurement Platform transparent and competitive through e-tender-cum-e-auction The process is being done. Quikr India Pvt. Ltd. (QIPL) There is a transaction consultant for this process.

Important auction dates

Potential bidders interested in participating in the first phase auction to be held on October 12 By 5:00 pm on 8th October 2026 Need to complete the registration process, fulfill prescribed requirements and submit EMD.

Last date for registration and EMD submission for second phase scheduled on 16th October By 5:00 pm on 14 October 2026 Is.

Investor Relations Program in Three Cities

Before the auction, NLMC Visakhapatnam, Vijayawada and Hyderabad Also organized investor meetings. Through these meetings, potential buyers and other stakeholders got the opportunity to get detailed information about the land parcels, auction process, eligibility requirements and related procedures.

These investor meetings were attended by potential buyers both physically and virtually. These included participants from outside the region and abroad. Live and online mock e-auction training further strengthened this outreach campaign and provided potential bidders with hands-on experience of the digital bidding platform.

This two-tier mock training initiative launched through live training held at Visakhapatnam on 6th October and online training held on 7th October is aimed at ensuring wider participation and better preparation of bidders before the actual auction.

NLMC is assisting Central Public Sector Undertakings (CPSEs) and Government agencies in monetizing surplus land and non-core assets. This is part of the government's broader objective to unlock the value of underutilized assets through transparent and streamlined processes.

Potential bidders can get detailed information related to RINL Land e-Auction, including details of plots, auction schedule, eligibility criteria, terms and conditions, registration requirements and bidding process, on the official e-auction portal:

E-Auction Portal: eauction.enivida.com

About NLMC

National Land Monetization Corporation (NLMC) It is a Government of India owned company, which functions under the administrative control of the Department of Public Enterprises, Ministry of Finance. NLMC assists Central Public Sector Undertakings and other Government agencies in monetization of surplus land and non-core assets through a streamlined and professional framework.

About RINL

Rashtriya Ispat Nigam Limited (RINL), is the corporate unit of Visakhapatnam Steel Plant. It is under the Ministry of Steel, Government of India. central public sector One Navratna Enterprises Is.

This is the official press release issued by the Press Information Bureau (PIB), and is published without changes.