Skip to main content

No takers for Jammu and Kashmir lithium blocks in second bid: Report 

The block was put up for auction in March, with May 14 as the cutoff for bids.

Autocar Professional BureauBy Autocar Professional Bureau calendar 03 Jul 2024 Views icon2544 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
No takers for Jammu and Kashmir lithium blocks in second bid: Report 

Jammu and Kashmir has not secured any bids in its second take on auctioning mining rights for lithium reserves discovered last year, Reuters reported citing a source.

The government had found the first lithium deposits in J&K with estimated reserves of 5.9 million tonnes. 

The block was put up for auction in March, with May 14 as the cutoff for bids, even as it did not meet the minimum requirement of three bids in the first rounds in November, the newswire reported. 

Talking to Reuters on condition of anonymity, the person in the know said that the block would most likely go to a government agency for exploration, as no bids were placed. 

Reuters could not elicit a response in a timely manner from the Ministr of Mines. 

The government last year listed 30 minerals as critical for cleaner energy, of which lithium was one.

RELATED ARTICLES

ACMA Calls for Shift From ‘Make in India’ to ‘Create, Engineer and Innovate in India’

auther Autocar Professional Bureau calendar02 Sep 2026

President Vikrampati Singhania says Indian suppliers must take greater ownership of design, technology and product devel...

‘Make for the World’: Kumaraswamy Urges Auto Industry to Invest More Aggressively in Emerging Technologies

auther Autocar Professional Bureau calendar02 Sep 2026

Heavy Industries Minister says India’s next phase of automotive growth must focus on scale, localisation, innovation and...

Suzuki Motorcycle India Sales Up 6% to 120,611 Units in August 2026

auther Shruti Shiraguppi calendar02 Sep 2026

Domestic sales grew 13% to 103,118 units while exports fell to 17,493 units; spare parts revenue touched an all-time hig...