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 icon2611 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

Maruti Suzuki Projects Double-Digit Retail Growth Through Festive Season

auther Autocar Professional Bureau calendar21 Oct 2026

The carmaker reported a 35% increase in retail sales between Ganesh Chaturthi and Dussehra.

Valeo to Build NVIDIA Hyperion Compute Platforms for SDVs

auther Dev Vadchhedia calendar21 Oct 2026

Valeo integrates dual NVIDIA DRIVE AGX Thor processors to produce Level 4 compute hardware for passenger cars, robotaxis...

Delhi CM Rekha Gupta Announces Anti-Pollution Measures: Non-BS VI Entry Ban, Mandatory Fuel Station PUC Checks

auther Autocar Professional Bureau calendar21 Oct 2026

Delhi mandates No PUC No Fuel policy, bars entry of non-BS VI vehicles, and implements staggered office hours and 50 per...