Tesla, Mitsubishi, Ola Electric eye India's lithium reserves

31 May 2023 CW Team

Mitsubishi, Tesla and Ola Electric are among the top contenders to bid for lithium reserves found in India's Jammu and Kashmir region. Lithium is a non-ferrous metal widely used in manufacturing batteries for electronic items such as laptops, phones and pacemakers, and in glass and ceramics. It is an important growth driver due to its use in batteries for electric vehicles.

In March 2023, India's Minister of Coal, Pralhad Joshi, announced that lithium had been discovered in the northern federal territory of Jammu and Kashmir. Joshi told Reuters that "the exploitation of lithium will depend upon a successful auction of the mineral block." He added that the auction would be decided by Jammu and Kashmir authorities.

The block is estimated to hold reserves of 5.9 million tonnes and is the first known lithium reserve in the country. The minister announced in early May that the auction could take place as early as December this year.

Lithium is dubbed "white gold" due to its widespread use and could be a game-changer for the Indian economy and its contribution to the global market. A report in the publication also states that three unnamed firms are looking to source lithium requirements from India. It also highlighted that Elon Musk had stated in March that Tesla's focus was more on refining lithium than mining the metal. However, none of the named companies have commented on the report.

The same report states that the lithium reserves could meet 80% of India's demand.

Also Read
JSW Group explores acquiring of coking coal mines in offshore markets
Smart visual docking system: From Kolkata to other airports in India

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..