Jammu and Kashmir fails to get lithium block bids for the second time

04 Jul 2024 CW Team

India's Jammu and Kashmir has faced another setback in its efforts to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. Despite a second attempt to attract bids, no offers were received, indicating on-going challenges in developing these critical mineral resources.

Initially discovered in February 2023, these lithium reserves were first put up for auction in November, but the required minimum of three bids was not met. The block was re-auctioned in March with a deadline of May 14, but still failed to attract interest.

A source, speaking anonymously, mentioned that the block might now be handed over to a government agency for further exploration. This development comes as India focuses on securing critical minerals essential for electric vehicle batteries, both domestically and overseas.

The lack of interest has raised questions about the composition of the lithium deposit in Jammu and Kashmir. Last year, the Indian government identified 30 minerals, including lithium, nickel, titanium, vanadium, and tungsten, as crucial for its clean energy initiatives.

(Source: ET)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..