Machinery for auction Bengaluru 1 Cr Canara Bank

This auction features a valuable lot of scrap, plant, and machinery located in the prime M G Road area of Bengaluru, Karnataka. The assets are being auctioned by Canara Bank. This is a prime opportunity for businesses looking to acquire industrial equipment or raw materials for recycling and reuse. The property type is listed as Machinery, suggesting a range of industrial equipment may be available. Detailed inspection of the assets is recommended prior to bidding.

Canara Bank is conducting a SARFAESI auction for scrap, plant, and machinery on November 24, 2025. The auction will run from 11:00 AM to 11:30 AM, offering a concise bidding window. The reserve price for this auction is ₹10,008,000, with an Earnest Money Deposit (EMD) of ₹1,000,000 required to participate. This event targets potential buyers interested in acquiring industrial machinery and scrap materials. Bidders are advised to review all auction terms and conditions provided by Canara Bank.

The tipper truck presents a moderate investment prospect due to its industrial application. Its location in Bengaluru adds to its value. The auction terms and reserve price need careful evaluation to determine potential profitability.