Jammu and Kashmir to auction third-tranche of lithium blocks again

The auction will take place again as the government received only two bids in the first round

lithium
Representative image
Reuters NEW DELHI
1 min read Last Updated : Mar 22 2024 | 2:24 PM IST

India's federally administered region of Jammu and Kashmir will auction its lithium reserves again as part of a third-tranche, a government source with direct knowledge said on Friday.

The auction will take place again as the government received only two bids in the first round, the source said.

"A total of seven critical mineral blocks are being put up for auction as composite license in this third Tranche," the government had said earlier this month in a statement.

The last day of submission of bids is May 14, the statement said.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Jammu and Kashmir governmentJammu and Kashmirlithium ionlithium

First Published: Mar 22 2024 | 2:24 PM IST

Next Story