The consignment was expected to fetch over Rs 300 crore if it had reached the market.
Jaish-e-Mohammad, the Pakistan-based terror outfit, has claimed responsibility for the attack.
Inspector General of Police (IGP), Kashmir, Vijay Kumar said the police was tracking both the Pakistani terrorists from the day of the attack on the CRPF men on April 4, and the operation was launched on Sunday after pinpointing their location.
Security forces launched a cordon and search operation in Redbug area of Budgam on Tuesday evening.
Normal life continued to remain affected in Kashmir for the 83rd straight day on Thursday due to the separatists' call for shut down.
The lowest temperature ever recorded in Srinagar was minus 14.4 degrees Celsius in 1893.
Former CIA operative Bruce Riedel on the Uri attack and its aftermath. Exclusive to Rediff.com
The suspension of four National Conference members had prompted the opposition leaders to boycott the ongoing session of the Jammu and Kashmir assembly.
'Only 50-60 continued to remain behind bars and the rest were released'
The listed terrorists have been identified as Ashiq Hussain Ganaie of Panjran Pulwama and Imran Ahmad Bhat of Arihal Pulwama.
Curfew-like-restrictions were imposed in the old city of Srinagar and some uptown areas to foil protests and a sit-in at the historic Jamia mosque after the Friday prayers.
The students of the Sri Pratap College were protesting against the alleged "high handedness" of security forces.
Mobile Internet services continued to remain snapped in the Valley.
The JuD's Muslim Medical Mission would request the Pakistani government for help in this regard.
Three persons were killed and six others injured in a firing at Qazigund in Anantang district of violence-hit Kashmir.
Here are the latest updates from the Valley.
An army major, a trooper and three militants were killed in a nearly 24-hour-long gunfight, which ended on Saturday in south Kashmir's Shopian district.
The slain militants are reported to belong to the district.
'Both my father and brother are very strong. Their spirit is unbroken,' says Dr Farooq Abdullah's daughter and Omar's sister, Safiya Abdullah Khan.
The grenade blast which killed a protester took place at Brakpora village in Anantnag district of south Kashmir.
A day after encounter, internet services were suspended in Kupwara district of Kashmir on Sunday.
The students were happy to reunite with their classmates after so long and wished that there are no further disruptions to their studies.
The Army Chief was in Ladakh on a two-day visit from June 23 to take stock of the situation.
While two terrorists were killed in the Pulwama encounter, four were killed in Shopian operation on Friday, the officials said. Security forces launched a cordon and search operation at Meej in Pampore area of Pulwama, in South Kashmir, on Thursday morning after receiving specific information about the presence of terrorists there, a police official said.
Two terrorists were killed in an overnight gunfight in Hajin area of Bandipora district, officials said.
'It is not about trusting the governor but the ground situation not matching with what he has said,' Jammu and Kashmir People's Movement chief Shah Faesal, who was one of the leaders to meet the governor tells Rediff.com's Prasanna D Zore.
Cold wave tightened its grip in Kashmir Valley on Saturday as the night temperature plummeted to the season's lowest in many places, resulting in the freezing of fringes of the famous Dal Lake for the first time this winter.
"Prime Minister Narendra Modi is squandering an opportunity to find a solution for Kashmir," former Research and Analysis Wing chief A S Dulat said.
Srinagar city along with the rest of Kashmir was buzzing with activity on Saturday with offices, shops and other business establishments opening in the Valley which saw return of normalcy after 133 days of shutdown as separatists suspended their stir for the weekend.
Arrangements are being made at Bejibehara, the leader's hometown, for his last rites.
An armyman lost his life in the encounter, while another soldier was injured.
There was a significant increase in movement of people and transport across the Valley as the annual board examinations began, officials said in Srinagar.
This was Parrikar's first visit after the Indian Army conducted surgical strikes on terrorist camps across the Line of Control
Friday prayers have not been allowed at Jamia Masjid - the grand mosque of Kashmir in downtown (old city area) - for the past over two months now.
They ultras were wanted for their complicity in a series of terror crimes.
This is the first major snowfall in Kashmir this winter, which was largely dry so far.
'The people of Jammu and Kashmir are your own people. Do not use them as cannon fodder in your laboratory.'
Condoling the death of Junaid Akhnoon, Pakistan's foreign office claimed the incident was part of "continued Indian atrocities" in Kashmir. "The cold-blooded murder is the worst example of state terrorism of the Indian government and is indeed deplorable," it said in a press release.
According to a report in The Hindu, the Indian Army carried out surgical strikes across the LoC in August 2011 in retaliation for a surprise attack on an army post in Kupwara in July 2011 that killed six soldiers.
Curfew was imposed on Friday morning in seven police station areas of Srinagar district as a precautionary measure, a police official said.
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