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
As E-Shifters Gain Traction, Lumax Secures SOP for 3 Platforms to Ride 50:50 Market Shift
Lumax Auto Technologies expects shift-by-wire gear selectors to account for half of India’s automatic shifter volumes by...
Weekly News Wrap: Ethanol Policy Push, Maruti’s SUV-Hatchback Bet, BYD’s Hybrid Entry and Auto Suppliers’ Capex Revival
The week saw policy support for higher ethanol blends, ambitious production plans from Maruti Suzuki, fresh product move...
India's Auto Market Hits Record High, But One Company Drove 60% of Growth
Passenger vehicle dispatches reached an all-time high for May as SUVs drove growth, while Maruti Suzuki strengthened its...


By Autocar Professional Bureau
03 Jul 2024
2471 Views
Shahkar Abidi
