The last date for purchasing tender documents is 19 January 2026, and the last date for submission of bids is 20 January 2026 via the MSTC online auction platform.

Speaking at the launch, Union Minister G. Kishan Reddy described the auction as a transformative milestone for the region.

“The mineral development will lead to employment generation, industrial growth and long-term socio-economic benefits for local communities,” he said.

In his address, Chief Minister Omar Abdullah said the e-auction marks a crucial step towards economic revival and sustainable development in mineral-rich but economically weaker areas of J&K.

“At least, we have limestone, and that limestone lies in areas where the economic situation is very bad,” he said.

The Chief Minister expressed gratitude to Union Minister Reddy for proposing a special group within the Ministry of Mines to fast-track mineral exploration in J&K.

He recalled how J&K’s mineral wealth, including the famous Neelam (sapphire) of Paddar and marble deposit, has remained commercially underutilised for decades.

According to Omar, the initiative is aimed at increasing J&K’s own revenue, which currently stands at around ₹500 crore from these mineral blocks.

“When more blocks are identified, I hope our earnings will grow. I look forward to the day when the Chief Minister of J&K will not have to go to Delhi seeking funds. On the contrary, we will be self-sufficient and capable of contributing to the Centre,” he said.