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State Bank of India has invited bids to sell two properties owned by Bilpower in Baroda to recover its dues, according to a Cogencis report, quoting a tender posted on a government website. The last date for submission of bids is February 7 and the e-auction of the properties will be conducted on February 14, the report added. The reserve price for the company’s plant and machinery is ₹1.5 crore and for the factory land and building unit ₹4.1 crore, according to the tender notice. Shares of State Bank of India gained 0.1 per cent at ₹302.60 and Bilpower closed flat at ₹1.80 on the NSE.
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