New Delhi, Oct. 13 -- The National Land Monetisation Corporation (NLMC) recorded Rs 366.33 crore in successful bids on the first day of its maiden end-to-end e-auction of land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), according to the Ministry of Finance.

A total of 150 plots were sold during the initial phase against an aggregate reserve price of Rs 312.48 crore, representing an average premium of 17.23 per cent over the baseline valuation. The transaction involved land owned by RINL, the corporate entity that operates the Visakhapatnam Steel Plant.

The Ministry stated that the outcome marked an operational milestone for the corporation.

"The first phase marks a significant milestone for NLMC, as it is the Corporation...