Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610327
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹33,32,000
EMD:₹3,33,200
Bid Increment:₹20,000
Auction Time:11:00hrs to 16:00hrs
Service Provider:BAANKNET
Important Dates
Submission Date:08-11-2025 05:00 PM
Bid Start Date:2025-11-10
Property Description
This is a State Bank of India SARFAESI auction for Plant & Machinery assets located in Visakhapatnam, Andhra Pradesh. The assets belong to the borrower M/s R&R Industry and are categorized as Scrap, Plant & Machinery.
State:Andhra Pradesh
City:Visakhapatnam
Area:Visakhapatnam
Asset Category:Scrap, Plant & Machinery
Full Address:253/D, APIIC Industrial Growth Centre, S.No. 45P, 47P and 15P Plot No 253/D, APIIC Industrial Growth Centre, Bobbili, Visakhapatnam
Building/Society:APIIC Industrial Growth Centre
Auction Description
The State Bank of India is conducting an e-auction for Plant & Machinery (Scrap) belonging to M/s R&R Industry in Visakhapatnam, Andhra Pradesh. The auction will be held on November 10, 2025, from 11:00 AM to 01:00 PM. The reserve price for this SARFAESI auction is ₹33,32,000.00, with an Earnest Money Deposit (EMD) of ₹3,33,200.00 required to participate.
Borrower Name:M/s R&R Industry
Auction Type:SARFAESI Auction
Guarantor Names:Sri Yerra Ravi Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The plant and machinery auction presents a calculated opportunity due to its specific industrial nature and location. The reserve price seems reasonable given the type of equipment, but potential buyers must carefully assess the condition and market value. Auction terms are standard, requiring a thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8099444378
