JSW Group looks to participate in lithium mines auction: Sajjan Jindal

JSW Group is looking to create a robust EV ecosystem to strengthen supply chain.

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26 Aug, 2025 12:21

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Conglomerate JSW Group is looking to participate in the auction of critical minerals especially lithium mines amid the group's ambitions to create a robust EV ecosystem with forward and backward integration of the supply chain.

"Mining is a part of JSW Group's activity and lithium is very important. We will certainly participate when the government comes for the auctioning of these mines," group chairman Sajjan Jindal said in response to a query from Moneycontrol on the sidelines of the JV launch with MG Motor.

The group aims to lower the production costs for EVs by enhancing local sourcing via a strong supply chain while also leveraging its subsidiaries.

Recently, the conglomerate received a nod from the Odisha government to set up an EV components manufacturing complex consisting of copper smelter and lithium smelter, with an investment of Rs 40,000 crore. The conglomerate now aims to bring down the cost of production for its new EV venture by sourcing components from the Odisha plant.

Lithium, often referred to as "white gold" due to its market value and silver colour, is one of the most sought-after minerals globally. The metal goes into the batteries of electric vehicles (EVs).  With high energy density and longer life span, rechargeable lithium-ion batteries are poised to be the dominant energy source in the future.

Last year, the government launched the auction of 20 mineral blocks containing minerals such as lithium, platinum-group elements, graphite, molybdenum, potash, phosphorite, rare earth elements, and glauconite.

In India, two lithium blocks in Jammu and Kashmir and Chhattisgarh were made available for bidding.

Besides JSW Group, Aditya Birla Group flagship Hindalco Industries is mulling entering exploration and mining of critical minerals, including lithium, its  Managing Director Satish Pai told Moneycontrol in an exclusive interview on February 14.