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India to auction Jammu and Kashmir lithium blocks again after weak 1st round

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Announcement 22 Mar 2024 03:04 PM IST Economic Times

Jammu and Kashmir, India's federally managed area, will sell its lithium deposits again as part of a third tranche, a government source with direct information said Friday.

The auction will be held again after the government received only two bids in the first round, according to the source.

The ministry stated earlier this month that" seven critical mineral blocks are being put up for auction as a composite licence in this third Tranche."

According to the announcement, May 14 is the deadline for proposal submissions.