The deadline for bidder registration and payment of earnest money deposits has been extended until 8 pm on November 1. — DC Image

VISAKHAPATNAM: The National Land Monetisation Corporation (NLMC) has suspended the sale of 35 plots belonging to Rashtriya Ispat Nigam Limited (RINL), which operates the Visakhapatnam Steel Plant, in compliance with court orders.

The NLMC has revised the auction schedule for the remaining plots. The deadline for bidder registration and payment of earnest money deposits has been extended until 8 pm on November 1. The auction will be held from 11 am to 5 pm on November 3.

Earlier, an auction was conducted on October 12 for 256 plots, attracting 470 bidders. Reports said 150 plots were sold for ₹366 crore, exceeding the management's expected revenue of ₹312.48 crore. Prices in some prime locations crossed ₹1.80 lakh per square yard.

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