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.
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
VIDEO: India's Fuel Mix Is Shifting — Petrol Losing Ground as CNG and EVs Gain Share
Autocar India's Deep Drive Podcast examines a decade of structural change in fuel preferences, tracing the trajectories ...
Mahindra XUV 3XO to Get CNG Powertrain Option, Report Says
The variant, expected by late 2026 or early 2027, would use the 111hp MPFI turbo-petrol engine and target key urban CNG ...
Exclusive: Renault Developing New 1.2-Litre MPFi Engine for Upcoming Bridger SUV
According to Autocar India, the engine is derived from an existing 1.3-litre unit and is being engineered to support tur...




By Autocar Professional Bureau
03 Jul 2024
2412 Views
