Plant & Machinery for auction Obullavaripalli Kadapa 10 lakh Indian Overseas Bank

This auction features a diverse lot of plant and machinery assets located in Obulvaripalli, Kadapa, Andhra Pradesh. The assets, categorized as scrap, plant & machinery, are being auctioned by Indian Overseas Bank under the SARFAESI Act. This presents a unique opportunity for businesses looking to acquire industrial equipment at competitive prices. The property is situated in a key industrial area, offering potential for various manufacturing or processing applications.

Indian Overseas Bank is conducting an online SARFAESI auction for plant and machinery assets belonging to M/s Radiant Oil Field Minerals. The auction will take place on November 25, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at INR 10,00,000, with an Earnest Money Deposit (EMD) of INR 1,00,000 required to participate. This is a prime opportunity to acquire valuable industrial assets.

The property is plant and machinery located in a rural area. While the reserve price is reasonable, the lack of detailed information and the specific nature of the asset make it a calculated opportunity. Inspection is recommended before bidding.