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 icon1951 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
New 1.5‑Litre NA Engine Joins Tata’s Powertrain Offerings, Sibling to Turbo‑DI Mill

auther Autocar India calendar06 Jul 2025

New 1.5-litre naturally aspirated engine is expected to be a derivative of the 1.5-litre direct-injection turbo-petrol m...

Tata Altroz EV a Key Part of Future EV Line up

auther Autocar India calendar06 Jul 2025

Tata Motors has codenamed the Altroz EV as Ascot.

Tata Motors Develops New Platform for Next-Generation Harrier and Safari SUVs

auther Autocar India calendar06 Jul 2025

The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.