Valley News Desk

E-auction of liquor shops, highest bid in Srinagar at Rs 3.46 cr

KD Desk

Srinagar, April 20 : E-auction of Liquor Shops in Jammu and Kashmir ended highest Bid in Srinagar at Rs 3.46 cr.

Total revenue from Licenses Rs 140 cr for Govt from 229 vends, which was normally Rs 9.5 cr from License fees.

As per the new Excise Policy Two liquor shops including one each in Srinagar and Kathua fetched over Rs three crore each.

Liquor vend at Cantonment Board in Srinagar went to Surjeet Kumar for highest bid of Rs 3.46 crore while liquor shop at Kathua Municipal Ward No. 21 was auctioned for Rs 3.1 crore to M/s Teen Murti Associates Private Limited.

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