The National Land Monetization Corporation (NLMC), a government company under the Department of Public Enterprises in the Ministry of Finance, is preparing to sell 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant. To help prospective bidders understand the online bidding process, NLMC conducted mock e-auction training sessions on October 6 and 7, 2026, with the actual auctions scheduled for October 12 and 16, 2026.
Key facts
- Total land parcels: 459 premium, encumbrance-free plots
- Total area: 93,572.21 square yards
- Locations: HB Colony, Maddilapalem, Auto Nagar and Gajuwaka in Visakhapatnam
- Plot sizes: Range from 128.94 to 2,728 square yards
- Phase 1 auction: October 12, 2026, 11:00 AM to 7:00 PM (243 plots)
- Phase 2 auction: October 16, 2026, 11:00 AM to 7:00 PM (216 plots)
- EMD required: Rs 2 lakh per plot
- Registration deadline for Phase 1: October 8, 2026, 5:00 PM
- Registration deadline for Phase 2: October 14, 2026, 5:00 PM
- Platform: RailTel E-Nivida e-Procurement Portal
- Transaction Consultant: Quikr India Pvt. Ltd.
What the auction covers
NLMC is monetising surplus land held by RINL as part of the government’s initiative to unlock value from underutilised assets of central public sector enterprises. The 459 plots being auctioned are spread across prime locations in Visakhapatnam. Individual plot sizes vary considerably, ranging from approximately 129 square yards to over 2,700 square yards, offering buyers different options based on their requirements and budget.
How the auction will work
The sale is being conducted through a transparent, competitive e-tender-cum-e-auction process. Bidders will participate online through the RailTel E-Nivida e-Procurement Platform. The auction is split into two phases to manage the volume of plots. Prospective buyers must register and submit an earnest money deposit of Rs 2 lakh per plot they wish to bid for, before the respective deadlines. The auction interface allows real-time bidding during the scheduled windows.
Mock training sessions
To familiarise prospective bidders with the digital platform before live bidding begins, NLMC organised two training initiatives. A hands-on physical session was held in Visakhapatnam on October 6, 2026, covering the bidding interface, participation procedures and key aspects of the online auction process. For those unable to attend in person, an online mock training was conducted on October 7, 2026, allowing remote participation. Both sessions gave bidders practical experience with the platform in a simulated environment before the actual auctions.
Registration and eligibility
Bidders interested in the first auction phase on October 12 must complete registration and submit the EMD of Rs 2 lakh per plot by October 8, 2026, at 5:00 PM. Those wishing to participate in the second phase on October 16 have until October 14, 2026, at 5:00 PM to register and submit their EMD. Detailed information on eligibility criteria, terms and conditions, plot specifications and the bidding process is available on the e-auction portal at https://eauction.enivida.com/
What this means for you
If you are looking to purchase commercial or industrial land in Visakhapatnam, this auction offers a transparent opportunity to acquire encumbrance-free plots through a government-run process. The availability of mock training sessions helps first-time e-auction participants understand the platform before committing money. The range of plot sizes means buyers with varying needs and budgets can find suitable options. However, you must complete all formalities, including registration and EMD submission, within the specified deadlines for each phase to be eligible to bid.
What happens next
The first phase auction will take place on October 12, 2026, from 11:00 AM to 7:00 PM. The second phase is scheduled for October 16, 2026, from 11:00 AM to 7:00 PM. Prior to the auctions, NLMC has also conducted investor meets in Visakhapatnam, Vijayawada and Hyderabad to provide prospective buyers with detailed information about the plots, auction procedures and eligibility requirements.