October 28, 2015 04:37 pm | Updated 04:37 pm IST - HYDERABAD:
Graded Red sanders logs meant for e-auction stocked at Central Warehousing Corporation (CWC) godown at Renigunta in Chittoor district.
The third phase of red sanders auction by Andhra Pradesh Government to sell 2, 868 metric tonnes of confiscated logs began on Wednesday.
The three-day auction, which is expected to fetch around Rs.750 crore to the State exchequer, will end on October 30. In all, 106 lots of different grades of red sanders would be put up for sale during the auction.
The first phase fetched Rs.855 crore while the second phase yielded Rs.178 crore as only 830 metric tonnes of 3,500 tonnes were sold.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
