RINL land e-auction attracts investors as NLMC wraps up three-city outreach

The National Land Monetization Corporation (NLMC) concluded a three-city Investor Outreach Programme for the e-auction of 459 land parcels of Rashtriya Ispat Nigam Limited (RINL) in September 2026. The programme aimed to provide prospective buyers and stakeholders with information about the land portfolio and the e-auction process. The e-auction is scheduled to take place in October 2026.

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Quick Revision

Prelims-testable facts

01The National Land Monetization Corporation (NLMC) is responsible for monetizing surplus and underutilized land and building assets held by Central Public Sector Enterprises (CPSEs) and government agencies.
02The e-auction of 459 land parcels of Rashtriya Ispat Nigam Limited (RINL) will be conducted through the RailTel E-Nivida e-procurement platform.
03The e-auction will be held in two sessions on October 12 and October 16.
04The Investor Outreach Programme for the e-auction was conducted in three cities: Visakhapatnam, Vijayawada, and Hyderabad.
05More than 150 prospective buyers and stakeholders participated in person in the Investor Meet in Visakhapatnam.
06The e-auction is part of the government's land monetization efforts, aimed at generating revenue from underutilized assets.
07The Executive Director of NLMC, Shri Pradeep Kumar, addressed queries from prospective buyers and stakeholders during the Investor Meets.

Trap alerts

Most people think the e-auction is only for domestic buyers, but actually it also includes non-resident Indians (NRIs) and prospective buyers based outside India.
Most people think the Investor Outreach Programme was only for providing information, but actually it also addressed queries from participants.
Most people think the e-auction is a one-time event, but actually it is part of the ongoing land monetization efforts of the government.

Prelims Practice MCQs

Single facteasy

How many land parcels of Rashtriya Ispat Nigam Limited (RINL) will be auctioned through e-auction?

A.459
B.4599
C.46
D.149

The e-auction will include 459 land parcels of RINL, as part of the National Land Monetization Corporation's (NLMC) efforts to monetize government land.

Multiple statementsmedium

Consider the following statements regarding Number of Cities for Investor Outreach Programme: 1. The Investor Outreach Programme was held in 5 cities. 2. The Investor Outreach Programme was held in 3 cities. 3. The Investor Outreach Programme was held in 2 cities. How many of the above statements are correct?

A.Only one
B.Only two
C.All three
D.None

Statement 1 is incorrect because the fact list mentions only 3 cities (Visakhapatnam, Vijayawada, and Hyderabad) for the Investor Outreach Programme. Statement 2 is correct because it matches the fact list. Statement 3 is incorrect because it mentions only 2 cities, which is less than the actual number of cities mentioned in the fact list.

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