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 icon2636 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: Tata Raises Iveco Stake, Mahindra Accelerates Expansion, Bosch Eyes Chip Growth 

auther Darshan Nakhwa calendar08 Nov 2026

Tata Motors moves towards full ownership of Iveco, Mahindra outlines new launches and manufacturing expansion, while fes...

Suprajit Engineering Q2 Profit Rises 5% To ₹53.4 Crore

auther Eshisha Java calendar07 Nov 2026

Suprajit Engineering reports a 21% increase in consolidated revenue for Q2 FY27, while higher expenses and a sharp decli...

SAEINDIA To Host APAC 23 Automotive Engineering Conference In New Delhi

auther Autocar Professional Bureau calendar07 Nov 2026

The November 13–14 conference is expected to bring together over 1,000 delegates, 500 mobility experts and 80 exhibitors...