The Ministry of Finance announced on 13 October 2026 that the National Land Monetization Corporation (NLMC) sold 150 land plots belonging to Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam. The first phase of the e-auction generated ₹366.33 crore, with the highest price exceeding ₹1.80 lakh per square yard. A second and final phase for the remaining 216 land parcels is scheduled for 30 October 2026. Interested buyers must register by 27 October 2026 via the official portal.
Key points
- Day 1 Result: 150 plots sold for ₹366.33 crore
- Highest Price: Over ₹1.80 lakh per square yard
- Next Event: Second phase of e-auction on 30 October 2026
- Deadline: Register by 27 October 2026 for the final phase
- Remaining Assets: 216 land parcels available in the second phase
When it applies
- Second and final phase of RINL e-auction
- registration for the second phase of e-auction
Who it affects
- prospective buyers