🏭 RINL to E-auction 459 Plots in Vizag

Rashtriya Ispat Nigam Limited (RINL), which operates Vizag Steel Plant, is set to e-auction 459 plots in Visakhapatnam through the National Land Monetisation Corporation (NLMC). The properties are estimated to be worth around ₹900 crore.

📍 456 plots → HB Colony, Maddilapalem

📍 Other properties → Blocks 2 and 3 in Auto Nagar, Gajuwaka

💰 Estimated value → ₹900 crore

📋 Auction date & reserve prices → Not announced yet.

The move is part of efforts to monetise RINL's surplus and underused land assets. The detailed auction notification will be important for buyers and businesses, as it will reveal the plot sizes, reserve prices and eligibility rules.

For Vizag, the auction could bring significant attention to established areas such as Maddilapalem and Gajuwaka, particularly once the individual plot details are released.

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Vizag Forever 💙