NLMC Achieves Key Success in RINL Land E-Auction
The National Land Monetization Corporation (NLMC) has accomplished a major milestone with the successful completion of the second phase of an e-auction for land parcels owned by the Rashtriya Ispat Nigam Limited (RINL). This significant event took place on November 3, 2026, marking NLMC’s ongoing commitment to monetising surplus public assets in a structured and transparent manner.
The recent auction led to the successful sale of 114 land parcels, generating a total bid value of ₹218 crore, exceeding the aggregate reserve price of ₹184.8 crore by 17.96%. This represents a competitive bidding environment and effective market-driven pricing. Notably, the highest successful bid for a single plot reached ₹182,650 per square yard, with one parcel achieving a remarkable premium of 67.65% over the reserve price.
Strong Results from Both Auction Phases
NLMC’s achievement is further underscored by the performance of the first phase, in which 150 land parcels were auctioned, yielding ₹366.33 crore against a reserve price of ₹312.48 crore and an average premium of 17.23% over the reserve price. With the culmination of both phases, NLMC has auctioned a total of 264 land parcels for an impressive cumulative bid value of ₹584.33 crore against a combined reserve price of ₹497.29 crore.
Highlights from the E-Auction Phases
Below is a summary of the results from both phases of the RINL land e-auction:
| Particulars | Phase I | Phase II | Combined |
|---|---|---|---|
| Auction Date | 12 October 2026 | 3 November 2026 | — |
| Land Parcels Successfully Auctioned | 150 | 114 | 264 |
| Aggregate Reserve Price of Successful Plots | ₹312.48 crore | ₹184.81 crore | ₹497.29 crore |
| Total Successful Bid Value | ₹366.33 crore | ₹218 crore | ₹584.33 crore |
| Premium Over Reserve Price | 17.23% | 17.96% | 17.50% |
A Milestone in Public Asset Management
This e-auction marks NLMC’s inaugural end-to-end e-auction initiative, which not only highlights its operational capabilities but also sets a benchmark for future monetisation transactions. The successful completion of two phases in just one month significantly strengthens NLMC’s potential to handle similar initiatives involving surplus land and assets owned by public sector enterprises.
Encouraged by this success, NLMC plans to launch a third round of e-auction soon for the remaining unsold land parcels, with further details to be shared as they become available. This initiative is pivotal in aiding the Government of India to effectively realise the economic value of underutilised public assets.
About NLMC
The National Land Monetization Corporation is a fully owned Government of India entity operating under the Department of Public Enterprises in the Ministry of Finance. Its mission is to facilitate the identification, assessment, preparation, and monetisation of surplus land and building assets held by central public sector enterprises through transparent and market-oriented processes.
