NLMC's First End-to-End E-Auction Sells 150 RINL Land Plots

The correct answer is 366.33 crore rupees. On the first day of the auction, 150 plots belonging to Rashtriya Ispat Nigam Limited were sold and the winning bids together came to 366.33 crore rupees. Option A, 312.48 crore rupees, is the aggregate reserve price of the plots offered, that is the floor below which bids were not accepted; the gap between the two figures gives the average premium of 17.23 per cent that the ministry highlighted. Option C is a distractor built out of the highest rate recorded in the sale, which crossed 1.80 lakh rupees per square yard, a per-unit price and not a total. Option D borrows the number of land parcels left for the second phase, which is 216, and dresses it up as money. The auction was run by the National Land Monetization Corporation under the Department of Public Enterprises, with bidding held on RailTel's E-Nivida platform.

The correct answer is Rashtriya Ispat Nigam Limited, the corporate entity that operates the Visakhapatnam Steel Plant. Its premium land parcels in Visakhapatnam were put up for sale by the National Land Monetization Corporation, and 150 plots were sold on day one for 366.33 crore rupees. Option A, Steel Authority of India Limited, is another steel producer in the public sector but had no role in this auction. Option C, RailTel, did take part in the exercise, though not as the owner of the land: its E-Nivida platform hosted the online bidding, while Quikr India Private Limited served as transaction consultant. Option D, Hindustan Shipyard Limited, is a public enterprise also based in Visakhapatnam, which makes it a plausible choice, but the land belonged to the steel company. Before bidding, outreach meetings were held in Visakhapatnam, Vijayawada and Hyderabad during September 2026.

The correct answer is 30 October 2026, covering 216 parcels. After the response to the first phase, the second and final phase was rescheduled to that date, with bidding open from 11 in the morning until 5 in the evening, and it offers the land parcels left unsold from the first round. Option A mixes up two dates and two counts: 27 October 2026 is the last day for bidders to complete their registration, not the auction day, and 150 is the number of plots already sold in the first phase. Option C names the day the first-phase result was announced and attaches a figure drawn from the bid value of 366.33 crore rupees. Option D keeps the correct parcel count but moves the auction a month later, which the announcement does not support. Intending buyers were advised to study plot details, reserve prices and eligibility conditions on the official portal before the deadline.