The militant, identified as Hilal Ahmad Peer, was arrested by a police party on a specific information at Tarzoo village of Sopore, 55 kms from here, late yesterday, they said.
An AK assault rifle, three magazines, 15 rounds and three hand grenades were recovered from his possession, they said.
The arrest comes hours after police arrested another top militant Waseem Ahmad Bhat, also hailing from Sopore, from Jammu.