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Hindustan Times
a day ago
- Business
- Hindustan Times
Haryana manages meagre revenue growth over reserve price after auction of liquor vends
Earning an excise revenue of ₹7,744.68 crore as licence fee from the allotment of 1,194 retail liquor zones for the 2025-26 financial year, the Haryana government will have to mop up additional receipts to accomplish its excise revenue target of ₹14,063.91 crore from the sale of liquor this fiscal. All the 1,194 retail liquor zones comprising 2,388 vends of country liquor and Indian made foreign liquor have been allotted through e-tendering in 18 attempts. The 2025-26 financial year for liquor business in Haryana will be for a period of nine months and 20 days from June 12, 2025 to March 31, 2026. All the 1,194 retail liquor zones comprising 2,388 vends of country liquor and Indian made foreign liquor (IMFL) have been allotted by way of e-tendering in 18 attempts by the excise department. Data showed that a growth of less than a percent (0.14%) — in terms of difference between the reserved price fixed for allotment of vends and the actual bids received — was registered from the allotment of 1,194 retail liquor zones for 2025-27 years spread over 21 months and 20 days starting from June 12, 2025 to March 31, 2027. The excise department earned a revenue of ₹14,342 crore as licence fee against the reserve price of ₹14,321.15 crore, a meagre increase of ₹20.85 crore. Trade analysts said that once the bidding process got hampered due to the threats of criminal gangs, it became hard for the department to auction its unsold liquor vends due to decline in business sentiment. Officials said that the shifting out of collector, excise, Vijay Singh on July 21 and reshuffling of a number of deputy excise and taxation commissioners (DETCs) overseeing the bidding process were not routine transfers. Reserve price drastically reduced to sell retail zones Officials said that reserve price of a large number of unallotted retail liquor zones across the state had to be drastically reduced to enable their sale. An unallotted retail liquor zone in Gurugram (east), Sector 47, which had a reserve price of ₹42.99 crore was sold after the reserve price was reduced by 39% to about ₹26.22 crore. Similarly, an unallotted zone in Gurugram (west), Hyatt Palace, which had a reserve price of ₹55.50 crore, was sold after it was reduced to ₹33.85 crore. An unallotted zone in Panchkula rural (circle 1, Kalka Pinjore) with a reserve price of ₹7.12 crore was sold after the reserve price was reduced by 34% to ₹4.70 crore. An unallotted zone on Guhla road in Kaithal with a reserve price of ₹12.48 crore was sold after it was reduced by 30.5% to ₹8.67 crore. Excise officials said a large number of unsold zones were sold on single bids despite reduction in reserve price. Revenue statistics tell a different story While the excise and taxation department, in a statement on Saturday, claimed that the government has earned a record revenue of ₹14,342 crore through the auction process this year as against ₹7,025 crore earned last fiscal and thus 'the revenue has doubled in just one year,' trade analysts said the two figures cannot be compared. The revenue amount of ₹14,342 crore will come into government kitty over a period of 21 months and 20 days in two financial years whereas ₹7,025 crore earned as excise revenue in 2024-25 fiscal was for 12 months. '45% of ₹14,342 crore which works out to be ₹6,453.90 crore as licence fee will come in government kitty in monthly instalments till March 2026 in a period of nine months and 20 days. If one adds 9% security amount of ₹1,290.78 crore, the total revenue from licence fee till March 2026 will be ₹7,744.68 crore. So, it will be a 10.24% increase over ₹7,025 crore earned as licence fee in 2024-25,'' said a trade analyst who did not wish to be quoted. Policy document showed that 46% of ₹14,342 crore, which works out to ₹6,597.32 crore, will be earned from April 1, 2026, to March 31, 2027, in 12 months. A tax expert said that as reported by the excise department, the total excise earnings in 2024-25 fiscal was ₹12,701 crore as against the revenue target of 12,650 crore. So, this meant that 55.31% of the excise revenue in 2024-25 ( ₹7,025 crore) came from the licence fee of retail liquor zones. 'If the department is able to successfully realise ₹7,744.68 crore licence fee of retail liquor zones for 2025-26, it should feel contented having pocketed 55.07% of excise revenue target of ₹14,063.91 crore despite adverse law and order situation,'' he said.
Time of India
2 days ago
- Time of India
390 check posts in border dists to prevent liquor movement ahead of elections
Patna: The Bihar Police headquarters on Tuesday announced to set up 390 check posts in 23 border districts to prevent illicit liquor movement ahead of the upcoming assembly elections. The police have also identified locations for an additional 161 check posts in bordering states. As many as 10 teams of special operations group (SOG) under the prohibition unit have been deployed to keep tabs on the liquor trade. On an average, the SOG has been recovering 75,000 litre liquor every month. Amit Kumar Jain, ADG (weaker sections), during a press conference, highlighted increased liquor seizures, arrests and strategic inter-state operations. This year till June, over 16 lakh litre liquor worth over Rs 74 crore has been recovered in the state, marking a 12% increase in average monthly seizures, compared to 2024, he said. The units are especially keeping an eye on hooch traders to prevent incidents of poisoning, even as no such case has been reported this year, added Jain. In order to curb cross-border smuggling, the SOG conducted a total of 19 operations outside the state — seven in Jharkhand, 10 in Uttar Pradesh and two in Chhattisgarh — till July 2025 this year, seizing a total of around 95,000 litre Indian-made foreign liquor (IMFL), and 16 large and six small vehicles, according to a release by the Bihar PHQ. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo The crackdown on liquor-related offences has also led to a substantial number of arrests. "This year till June, a total of 63,442 individuals have been arrested. Over 61% of them were consumers and 39% liquor traders and distributors. The police have also identified 305 wanted accused from other states and are sharing their lists with the authorities concerned," said the release, adding 13,921 liquor traders from outside Bihar have been arrested within the state since April 2016. "A total of nine death penalties and 18 life imprisonments have been given to the offenders from April 2016 to July 2025," it read. In light of the upcoming elections, the Bihar Police is actively coordinating with their counterparts and excise departments of other states like Uttar Pradesh, Punjab, Haryana, West Bengal, Jharkhand, Rajasthan and Arunachal Pradesh to curb the smuggling of IMFL. This coordination includes sharing information to identify the retailers/wholesalers. Meanwhile, the district police have been asked to ensure timely destruction of the seized liquor and photography of the process.
Time of India
3 days ago
- Business
- Time of India
Jagatjit Industries eyes ₹550 crore annual revenue from new grain-based ethanol plant in Punjab
Jagatjit Industries Ltd on Monday said it has commenced commercial production of its grain-based ethanol plant in Punjab and is expecting an annual revenue of ₹550 crore from the plant. The capacity of this plant, located at Hamira in Kapurthula district of Punjab, is 200 kilolitres per day. "Running at full capacity, the facility is expected to generate up to ₹550 crore in annual turnover and widen the Group's EBITDA margin by approximately 8-10 percentage points," the company said in a statement. In its first, partial year of operation, the plant should add about Rs 300 crore to EBITDA (earnings before interest, taxes, depreciation and amortisation). At full capacity, it could supply up to 65-70 million litres of ethanol per year to Oil Marketing Companies (OMCs). "With a Rs 550 crore annual topline opportunity and an 8-10 per cent margin lift, it brings stable, high-quality revenue that strengthens our balance sheet and funds our next phase of growth across premium spirits and new markets," Roshini Sanah Jaiswal, Promoter & Executive Director of Jagatjit Industries, said. Founded in 1944, Jagatjit Industries Limited (JIL) manufactures Indian Made Foreign Liquor (IMFL) and Country Liquor (CL) in the country. The company is listed on the BSE. The company has plants in Punjab along with other manufacturing units in Behror, Rajasthan.
Time of India
3 days ago
- Business
- Time of India
Jagatjit Industries eyes Rs 550 crore annual revenue from new grain-based ethanol plant in Punjab
Jagatjit Industries Ltd on Monday said it has commenced commercial production of its grain-based ethanol plant in Punjab and is expecting an annual revenue of Rs 550 crore from the plant. The capacity of this plant, located at Hamira in Kapurthula district of Punjab, is 200 kilolitres per day. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science MBA Product Management Project Management CXO Leadership Data Analytics Healthcare Degree others Operations Management Finance healthcare Others PGDM Technology Public Policy Digital Marketing Data Science MCA Cybersecurity Design Thinking Management Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details "Running at full capacity, the facility is expected to generate up to Rs 550 crore in annual turnover and widen the Group's EBITDA margin by approximately 8-10 percentage points," the company said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Boumerdes - Watch What Happens Happy in Shape Undo In its first, partial year of operation, the plant should add about Rs 300 crore to EBITDA (earnings before interest, taxes, depreciation and amortisation). At full capacity, it could supply up to 65-70 million litres of ethanol per year to Oil Marketing Companies (OMCs). Live Events "With a Rs 550 crore annual topline opportunity and an 8-10 per cent margin lift, it brings stable, high-quality revenue that strengthens our balance sheet and funds our next phase of growth across premium spirits and new markets," Roshini Sanah Jaiswal, Promoter & Executive Director of Jagatjit Industries, said. Founded in 1944, Jagatjit Industries Limited (JIL) manufactures Indian Made Foreign Liquor (IMFL) and Country Liquor (CL) in the country. The company is listed on the BSE. The company has plants in Punjab along with other manufacturing units in Behror, Rajasthan.
Time of India
4 days ago
- Time of India
Police arrest five for liquor smuggling in Naugachia
Bhagalpur: In a crackdown against drug peddlers and bootleggers, Naugachia police arrested five people in separate incidents on Saturday. Police are looking for two people named in a liquor smuggling case. The police seized 400.12 litres of IMFL in packed bottles besides two vehicles used to transport the liquor. Out of the total seized IMFL, 300.12 litres of liquor were packed in bottles hidden in a pickup van in Mahwa Tola locality under Bhawanipur police station area. The driver of the van gave a slip to the police team. Bhawanipur police team registered a case under Section 30(A) of the Bihar Prohibition and Excise (Amendment) Act, 2022 against the vehicle owner and the driver of the van. In a separate raid conducted by Bihpur police team, 213 bottles of IMFL, containing a total of 100.5 litres of alcohol, were seized from a three-wheeler. The Bihapur police team, after registering a case at Bihpur PS (Naugachia), arrested one Suman Kumar, resident of Choti Napi village under Sanokhar police station area in Bhagalpur district. Suman is alleged to be part of an inter-district bootlegging racket. Whereas in four separate raids, police arrested Bandhu Singh, resident of Telghi village under Kharik PS area; Khedo Mandal, native of Kumuru Mandal Tola under Rangra PS area; Dablu Mandal, resident of Pakra village under Naugachia PS area and Sanjiv Kumar Singh, resident of Auliabad village under Jhandapur PS area, all in Naugachia police district and filed cases under various sections in respective police stations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo SP, Naugachia police district, Prerna Kumar, said raids and investigations are being conducted in Naugachia police district to arrest the anti-social elements and criminals involved in bootlegging. Information is also being gathered to know the entire racket of liquor smugglers, sources of origin of the IMFL and the people involved in it, the SP added.
