The central government is expected to complete the auction of the 5.9-million tonne (mt) lithium reserves discovered in the Reasi district of the northern Union Territory (UT) of Jammu and Kashmir (J and K) by the end of this calendar year, Union Mines Secretary Vivek Bharadwaj said on the sidelines of the launch of the Federation of Indian Chambers of Commerce and Industry (Ficci) report on ‘New-Age Energy Minerals’ on Tuesday. “Auction will be over by the end of this year,” said Bharadwaj, adding, “We have already recommended a transaction advisor to the J and K government for the auction of lithium reserves.” However, the exact timeline for an auction will be decided by J and K authorities, Union mines minister Pralhad Joshi said in Parliament last month.
| Subscribe To Our Free Newsletter |
