For the Kovur Cooperative Sugar Factory Ltd, Krebs Bicohecmicals came up with a purchase offer of Rs 25.20 crore, followed by Vijay Agro Product Ltd with a bid of Rs 18 crore.
The highest bid for the Kovur unit is 93 per cent of the asset valuation done by independent professional management consultant, according to a release issued by the Implementation Secretariat.
For the Nannapaneni Venkat Rao Cooperative Sugars, Jampani, Krebs Biochemicals offered to pay Rs 18.09 crore, which is 130 per cent of the asset valuation done by professional management consultant.
Krebs Bio has been one of the serious bidders for cooperative sugar mills in the state from the begining.
