The two bids would be evaluated by the technical and commercial bid evaluation committee and the price bids, sealed in the presence of the company representatives, will be opened on Friday.
The Kovur factory is one of the two units that the Registrar of Cooperative Societies re-advertised for sale after rejecting earlier bids as they were considered too low.
The price bids for purchase of the Jampani cooperative sugar unit near Tenali would also be opened on Friday. Three bids were received for the purchase of the assets of the unit.