Andhra Bank (BSE: 532418) has put its non-performing assets (NPA’s) up for sale. To make recovery of about INR 15.53 billion, Andhra Bank has invited bids from Asset Reconstruction Companies (ARCs) to sell non-performing assets of more than 50 accounts. Andhra Bank has invited expressions of interest (EoIs) from ARCs for the sale of its non-performing assets by November 30, 2018, according to the tender document. "Andhra Bank invites EoI’s from ARCs for the proposed sale of its NPAs comprising 53 accounts with principal balance of INR 15.5296 billion on cash basis only," Andhra Bank said. Andhra Bank said that the bids may be submitted for tranches and/or individual basis. Andhra Bank’s major NPA accounts include Corporate Power Limited at INR 1.2595 billion, VISA Steel Limited (BSE:532721) at INR 1.2871 billion, Tulsyan NEC Limited at INR 1.0644 billion and Corporate Ispat Alloys Ltd. at INR 650.6 million. A few others include Transstroy Dindigul-Theni-Kumli Tollways Private Limited at INR 1.2757 billion, Transstroy Krishnagiri Tindivanam Highways Pvt Limited at INR 689.4 million, Barasat Krishnagar Expressways Limited at INR 1.0641 billion and ISMT Limited (BSE:532479) at INR 857.4 million. The e-bidding will take place on December 3, 2018, while Andhra Bank will execute the assignment agreements and fund transfer on or before December 10, 2018.