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

This auction features a valuable collection of Plant & Machinery located in Obulvaripalli, Kadapa, Andhra Pradesh. Previously belonging to M/s Radiant Oil Field Minerals, these assets are categorized as scrap, representing a significant opportunity for buyers in the manufacturing, recycling, or industrial sectors. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. This is a prime chance to acquire industrial equipment and materials at a competitive price.

Indian Overseas Bank presents a SARFAESI auction for Plant & Machinery in Obulvaripalli, Kadapa, Andhra Pradesh. The auction is scheduled for November 25, 2025, running from 11:00 AM to 01:00 PM. The reserve price is set at ₹1,000,000, with an Earnest Money Deposit (EMD) of ₹100,000 required to participate. This is a unique opportunity to acquire industrial assets from the former M/s Radiant Oil Field Minerals. Interested parties should review all auction terms and conditions before bidding.

The property is an industrial plant in Kadapa, Andhra Pradesh, with a relatively low reserve price. However, the specific type of machinery and local market conditions need careful evaluation. It presents a calculated opportunity for informed investors.