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 icon2489 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

Weekly News Wrap: Hero’s Rs 3,200-Crore Bet, Tata EV Push, and Strong June Sales  

auther Darshan Nakhwa calendar05 Jul 2026

Hero MotoCorp’s Rs 3,200-crore Andhra Pradesh plan, India’s probe into Chinese electric tractors, strong June volumes an...

India Starts Investigation Against Chinese Electric Tractors

auther Mukul Yudhveer Singh calendar05 Jul 2026

Anti-dumping investigation covers imports of electric goods transport tractors in 6x4 and 4x2 axle configurations from C...

Mahindra's EV Mix Hits Record 14.4% in June as XEV 9e, 9S Lift Electric SUV Sales

auther Kiran Murali calendar05 Jul 2026

EVs now account for one in seven Mahindra passenger vehicles retailed, while diesel continues to anchor the company's po...