Andhra Pradesh Government eyes Rs 1000 Crore from 2nd Round of Red Sanders auction

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Eyeing a revenue of Rs 1,000 crore, Andhra Pradesh Government will auction 3,500 tonnes of seized red sanders wood in the second phase on an electronic platform by inviting global tenders in June. The sale of seized red sanders in log form, cut by smugglers in Seshachalam forests, will be conducted for four days from June 17.

In the second phase, 3,500 MT will be sold through e-tender-cum-e-auction process. In the first phase, Government had appointed MSTC Ltd, a Government of India enterprise, as the agency for conducting e-auction services and state Forest Development Corporation Ltd as the export agency to realise the sale proceeds.

1000 Crore from 2nd Round of Red Sanders

Andhra Govt eyes Rs 1000 Crore from Red Sanders Auction:

Andhra Pradesh Forest Department recently notified the sale of about 3,500 MT of graded red sanders wood in the second phase through e-auction process that is stored in Central Warehousing Corporation godown at Renigunta in Chittoor.

Intending tenderers or their representatives can inspect the lots notified for sale on any working day till June 16. The domestic and international tenderers should register themselves with the MSTC.

A pre-bid meeting will be held here on May 29, he added. The Director General of Foreign Trade (DGFT) had earlier issued notification permitting the government to export 8,584 tonne red sanders wood in log form out of the confiscated/seized stock available with the state government.

Accordingly, in the first phase of the global auction for 117 lots, consisting of 2,694 tonne red sanders wood, was conducted in November-December last year that fetched the government Rs 855.91 crore. In the first auction, red sanders logs of A grade fetched a price Rs 1.95 crore per tonne, price for B grade ranged from Rs 155.35 lakh to Rs 48.45 lakh per MT while for grade C, the price ranged of Rs 40.72 lakh and Rs 15.15 lakh.

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