India, Oct. 13 -- The Government of India has issued a release:
The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises (DPE), Ministry of Finance, Government of India, successfully conducted Day 1 of the e-auction of premium land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity operating Visakhapatnam Steel Plant. The first phase marks a significant milestone for NLMC, as it is the Corporation's first end-to-end e-auction, demonstrating a structured, transparent and technology-driven approach towards monetising surplus public assets.
Of the land parcels offered in the first phase, 150 plots were successfully sold, generating a total successful bid value of Rs.366.33 cro...