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HindustanTimes Sat,19 Apr 2014

3 shops fetch highest bid of Rs. 12.85cr

HT Correspondent, Hindustan Times  Gurgaon, March 09, 2013
First Published: 00:31 IST(9/3/2013) | Last Updated: 00:33 IST(9/3/2013)

The total revenue collected from the allotment of 172 Indian Made Foreign Liquor (IMFL) vends in Gurgaon went up by about 15% this year.

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The allotment of retail liquor vends for two years (2013-15) on Friday, however, fetched lesser bids than the previous year in case of IMFL vends located in upscale localities such as DLF City, MG Road and Gurgaon Expressway.

The highest bid was made at Rs. 12.85 crore per year for a group of three vends at Sahara Mall, DLF Central Arcade and Bristol Chowk, as against last year's Rs. 13.85 crore.

This was followed by the second highest bid of Rs. 12.2 crore per year for the group comprising of Galleria Market, Super Mart and Sushant Lok Vyapar Kendra as against the previous bid of Rs. 12.5 crore.

This is the first time that the new excise policy has been implemented.

Announced recently, the policy has made it mandatory for bidders to submit their applications for two years against the earlier one-year allotment of vends.

The vends, allocated on Friday, include 172 IMFL and 145 country liquor shops.

In another first, the Haryana government has also decided to introduce extra-neutral alcohol (ENA)-based spiced country liquor citing health reasons.

Country liquor made of rectified spirit will not be allowed to be sold in the state anymore. ENA or Ethanol is a spirit which is purified 2-3 times and is said to be a purer form of alcohol used in vodka, gin and alcoholic fruit beverages.

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