This is an archive article published on April 22, 2025
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Sector 61 vend fetches highest bid of Rs 12.31 crore

Excise Department earns revenue of Rs 131 crore against reserve price of nearly Rs 109 crore

liquor vend auction, chandigarh news, indian expressThe auction was conducted at a private hotel in Sector 24, wherein Sector 61 liquor vend fetched the highest bid of Rs 12.31 crore against the reserve price of Rs 11.57 crore. (Source: File)
3 min readApr 22, 2025 10:41 AM IST First published on: Apr 22, 2025 at 10:41 AM IST

The e-auction of 48 liquor vends held in Chandigarh on Monday drew a mixed response, with the excise department managing to auction only 20 liquor vends out of 48 during the e-auction held here.

With this auction, the department earned a revenue of Rs 131 crore against the reserve price of nearly Rs 109 crore, witnessing a growth of nearly 19 per cent.

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The auction was conducted at a private hotel in Sector 24, wherein Sector 61 liquor vend fetched the highest bid of Rs 12.31 crore against the reserve price of Rs 11.57 crore. The reserve prices of the vends were fixed on the basis of the previous highest bids. Apart from Sector-61 liquor vend, six liquor vends saw bids exceeding Rs 8 crore.

Jagpreet Singh Sandhu is a Senior Correspondent at The Indian Expr... Read More

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