New Delhi: The Government will put on sale 12 limestone blocks in the Union Territory of Jammu & Kashmir on Tuesday.

The auction will pave the way for reviving the UT's mining sector and boosting the local economy.

"The Ministry of Mines...is set to launch the second tranche of auction of limestone blocks in the Union Territory of Jammu & Kashmir on May 12, 2026, at Srinagar," an official statement said.

Follow The PSUWatch Channel on WhatsApp

Under the second tranche, the mines ministry in collaboration with the Government of Jammu & Kashmir, is offering 12 limestone blocks for auction. These blocks are located across the districts of Anantnag, Rajouri, and Poonch and include both newly identified blocks and those being re-auctioned in the second attempt, reflecting the government's commitment to optimal resource utilisation and sustained industry participation.

The launch event will be held in Srinagar.

The blocks are broadly categorised under G3 and G4 stages of exploration, indicating promising geological potential with substantial industrial-grade limestone deposits. The G4 stage is reconnaissance and the G3 stage is prospecting. G4 involves broad-based surveys like regional geological mapping and remote sensing to identify areas with mineral potential, while G3 uses closer-spaced surveys to narrow down specific target locations within those areas.

Follow PSU Watch on LinkedIN

These resources are critical for key sectors such as cement, construction, and infrastructure, and are expected to play an important role in supporting industrial growth and economic development in the region.

Last year, for the first time, seven limestone blocks were put up for auction in the Union Territory of Jammu & Kashmir.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)