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 icon1910 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
Tractor Sales Maintain High Single-Digit Growth in May

auther Yukta Mudgal calendar14 Jun 2025

Leading tractor manufacturers, who had earlier projected high single-digit growth for 2025-26, said the early onset of ...

Hyundai Motor India Foundation Supports Emergency Healthcare Services in Pune

auther Sarthak Mahajan calendar14 Jun 2025

As part of its Sparsh Sanjeevani program, HMIF supports emergency medical services in Takve and Yelse villages with the ...

Mahindra XEV 9e and BE 6 Expected to Feature Hybrid Powertrains

auther Autocar India calendar14 Jun 2025

The two Mahindra SUVs are, in all likelihood, set to add a range-extender powertrain.