# 150 RINL plots in Visakhapatnam sold for ₹366 crore 2026-10-14T01:40:19+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets An e-auction of 150 plots owned by Rashtriya Ispat Nigam Limited (RINL), the corporate entity running Visakhapatnam Steel Plant, fetched a total bid value of ₹366.33 crore against a reserve price of ₹312.48 crore, the Finance Ministry said on Tuesday, 13 October. The bids recorded an average premium of 17.23 per cent, with the highest price crossing ₹1.80 lakh per square yard. The auction is overseen by the National Land Monetisation Corporation (NLMC), a 100 per cent government-owned entity. Of 256 plots offered, 470 bidders participated. A senior CITU trade union leader, Ayodhyaramu J, urged the steel ministry to use the proceeds exclusively for plant expansion. The second and final phase, covering 216 land parcels, has been rescheduled to 30 October. Registration closes on 27 October. ## Indian Opinion Analysis Both sources factually report the same e-auction outcome: 150 plots sold for ₹366.33 crore at an average 17.23% premium over the reserve price, with a second phase now set for 30 October. Deccan Chronicle adds context from a trade union demand that proceeds fund steel plant expansion, while Telangana Today carries a Finance Ministry statement emphasising the auction's process, transparency, and investor outreach. No significant divergence in reporting or slant appears. The core difference is simply that Deccan Chronicle includes a local stakeholder's view that Telangana Today omits, a distinction of breadth rather than bias. What matters next is whether NLMC clears the remaining 216 plots by the 30 October deadline. ## Coverage Coverage: 2 sources, 2 neutral - deccanchronicle.com (neutral report) Includes union demand for proceeds use, otherwise neutral - telanganatoday.com (neutral report) Carries Finance Ministry statement with process emphasis This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: National Land Monetisation Corporation, RailTel, Rashtriya Ispat Nigam Limited, Visakhapatnam Steel Plant Canonical: https://indianopinion.org/150-rinl-plots-in-visakhapatnam-sold-for-rs366-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/150-rinl-plots-in-visakhapatnam-sold-for-rs366-crore/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/