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Tirupati temple sells hair, gets Rs61.72 crore
The Tirumala Tirupati Devasthanams (TTD) have netted a profit of Rs61.72 crore by selling 89.41 tonnes of human hair through an e-auction on Thursday.
As per the instructions of the TTD Joint Executive Officer K.S. Srinivasa Raju, about 1,88.491 tonnes of human hair including second, third, fourth, fifth and grey hair varieties had been put up for e-auction, out of which 89,413 tonnes went for bidding.
The e-auction fetched Rs2.11 lakh more than what was earned through previous biddings by the TTD.
Out of 39,688 kilos of second variety human hair stock (16 to 30inches) put for e-Auction, 28,700 kilos of human hair stocks has been bid fetching an amount of Rs. 53.54cr at a bidding price of Rs. 18,700 per kilo.
The third variety human hair (10 to 15inches) out of 19,591 kilos about 8,300kilos stocks was bid earning a profit of Rs.6.18cr at bidding price of Rs. 7,450 each kilo.
For fourth variety of human hair stock (5 to 9inches in size) a total stock of 1717kilos which was put for bid was totally sold out at a bidding price of Rs. 5,450 per kilo fetching Rs. 93.57lakhs.
The fifth variety whose size less than five inches, of 1,26,799kilos about 50thousand kilos (Rs.80per kilo) has been bid procuring Rs. 40lakhs to TTD while the grey hair fetched Rs. 65.18lakhs with a total stock of 696 kilos going for bid at Rs. 9,365 per kilo.
Interestingly, TTD gained an excess amount of Rs. 2,11,276 in the present bid when compared to last bid (without first variety of hair going for bid).
Tirupati temple sells hair, gets Rs61.72 crore | The Asian Age
Last Year...
Hair raising feat; Tirupati temple sells hair for Rs 133 cr
Hyderabad, Oct 12: This is a hair-raising achievement by one of the richest temples in India, the Tirumala temple. The temple administration managed to gather a whopping Rs 133 crore by auctioning off human hair offered by the devotees to the deity. The temple in Andhra Pradesh is known for the unique offering made by the throngs of pilgrims who visit the holy place each year.
The e-auction of the hair was conducted for the first time by the Tirumala Tirupati Devasthanams (TTD) and garnered lush returns. The TTD managed to auction as much as 65,000 kg of various categories of hair. It has been reported that close to 49 traders took part in the auction.
TTD Financial Advisor and Chief Accounts Officer V Bhaskara Reddy commented, "We opted for e-auction this year to avoid manipulation by some bidders who formed a ring causing loss to the TTD. As a result, we got Rs 30 crore more than what we earned last year." The temple had earlier invited tenders offline that saw limited participation from traders across the globe.
The holy abode of Lord Venkateswara attracts close to 50,000 pilgrims each day and the number exceeding 1 lakh on weekends and special occasions. The practice of tonsuring the head and offering the hair to the deity has been in practice for long and is considered an important ritual.
The human hair from Tirumala has takers across the world mostly to be made into wigs. The domestic market has also demand for Tirumala hair. Before being auctioned, the hair is weighed in the presence of the auction officer, sorted and sun dried.
Hair raising feat; Tirupati temple sells hair for Rs 133 cr
The Tirumala Tirupati Devasthanams (TTD) have netted a profit of Rs61.72 crore by selling 89.41 tonnes of human hair through an e-auction on Thursday.
As per the instructions of the TTD Joint Executive Officer K.S. Srinivasa Raju, about 1,88.491 tonnes of human hair including second, third, fourth, fifth and grey hair varieties had been put up for e-auction, out of which 89,413 tonnes went for bidding.
The e-auction fetched Rs2.11 lakh more than what was earned through previous biddings by the TTD.
Out of 39,688 kilos of second variety human hair stock (16 to 30inches) put for e-Auction, 28,700 kilos of human hair stocks has been bid fetching an amount of Rs. 53.54cr at a bidding price of Rs. 18,700 per kilo.
The third variety human hair (10 to 15inches) out of 19,591 kilos about 8,300kilos stocks was bid earning a profit of Rs.6.18cr at bidding price of Rs. 7,450 each kilo.
For fourth variety of human hair stock (5 to 9inches in size) a total stock of 1717kilos which was put for bid was totally sold out at a bidding price of Rs. 5,450 per kilo fetching Rs. 93.57lakhs.
The fifth variety whose size less than five inches, of 1,26,799kilos about 50thousand kilos (Rs.80per kilo) has been bid procuring Rs. 40lakhs to TTD while the grey hair fetched Rs. 65.18lakhs with a total stock of 696 kilos going for bid at Rs. 9,365 per kilo.
Interestingly, TTD gained an excess amount of Rs. 2,11,276 in the present bid when compared to last bid (without first variety of hair going for bid).
Tirupati temple sells hair, gets Rs61.72 crore | The Asian Age
Last Year...
Hair raising feat; Tirupati temple sells hair for Rs 133 cr
Hyderabad, Oct 12: This is a hair-raising achievement by one of the richest temples in India, the Tirumala temple. The temple administration managed to gather a whopping Rs 133 crore by auctioning off human hair offered by the devotees to the deity. The temple in Andhra Pradesh is known for the unique offering made by the throngs of pilgrims who visit the holy place each year.
The e-auction of the hair was conducted for the first time by the Tirumala Tirupati Devasthanams (TTD) and garnered lush returns. The TTD managed to auction as much as 65,000 kg of various categories of hair. It has been reported that close to 49 traders took part in the auction.
TTD Financial Advisor and Chief Accounts Officer V Bhaskara Reddy commented, "We opted for e-auction this year to avoid manipulation by some bidders who formed a ring causing loss to the TTD. As a result, we got Rs 30 crore more than what we earned last year." The temple had earlier invited tenders offline that saw limited participation from traders across the globe.
The holy abode of Lord Venkateswara attracts close to 50,000 pilgrims each day and the number exceeding 1 lakh on weekends and special occasions. The practice of tonsuring the head and offering the hair to the deity has been in practice for long and is considered an important ritual.
The human hair from Tirumala has takers across the world mostly to be made into wigs. The domestic market has also demand for Tirumala hair. Before being auctioned, the hair is weighed in the presence of the auction officer, sorted and sun dried.
Hair raising feat; Tirupati temple sells hair for Rs 133 cr
