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
Maruti Suzuki Projects Double-Digit Retail Growth Through Festive Season
The carmaker reported a 35% increase in retail sales between Ganesh Chaturthi and Dussehra.
Valeo to Build NVIDIA Hyperion Compute Platforms for SDVs
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
Delhi mandates No PUC No Fuel policy, bars entry of non-BS VI vehicles, and implements staggered office hours and 50 per...



03 Jul 2024
Autocar Professional Bureau
