Tuesday, Apr 16 2024 | Time 10:34 Hrs(IST)
Business Economy

AP: Investors Meet for sale of RINL non- core assets draws good response in Vizag

Visakhapatnam (Andhra Pradesh), Feb 27 (UNI) Investors Meet for sale of non- core assets of Rashtriya Ispat Nigam Limited (RINL), the Corporate Entity of Visakhapatnam Steel Plant, held here on Tuesday draws good response in Vizag.
The total value of the property at Reserve price is approx. Rs 480 Crore.
National Buildings Construction Corporation (NBCC)/ RINL/ National Land Monetisation Corporation (NLMC) held an Investors meet here towards Outright Sale of Land Parcel Blocks/Plots owned by RINL, the Corporate Entity of Visakhapatnam Steel Plant in Visakhapatnam, Andhra Pradesh.
The purpose of Investors meet is to showcase the property (non-core assets) of RINL besides attracting and also to clarify the queries of the investors and others, the steel plant said un a release here.
G Rajaram GM (Engineering), NBCC, G Gandhi, Chief General Manager (HR), RINL and Rohin Koppuravuri, GM, NLMC interacted with the Investors and others at the Investors Meet.
RINL presently owns different Land Plots/Blocks admeasuring total 13.89 Acres spread over at HB Colony- Maddilapalem (11.80 acres), Auto Nagar (2.0 acres), Pedagantyada (0.089 acres) in Visakhapatnam.
For the purpose of this Request for Proposal/E-auction 67,277 Square yard of land in the form of Plots/Blocks, with total 130 Nos are available for sale to the bidder (s). These non-core assets of RINL will be sold through online E-auction (through M/s Railtel) in a transparent manner.
RFP (Request for Proposal) has been issued on Feb 14, 2024 with date of pre-bid meeting on Feb 28,.2024, Last date submission of EMD as March 5, 2024 and E-auction starts on March 14,2024.
RINL/NBCC/NLMC has seen overwhelming response from the investors, bankers, bidders, developers and different organization including CREDAI besides many individual bidders who interacted actively with them.
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