New Delhi, March 24 Hindustan Power announced on Tuesday that it has received a letter of intent for the exploration of the Padhar Platinum Group Elements (PGE) block in Madhya Pradesh.
The Letter of Intent follows the forward e-auction conducted by the Union Ministry of Mines, in which a group company was declared the preferred bidder.
Hindustan Power stated, "Its group firm has been awarded a Letter of Intent (LoI) for the exploration of the Padhar Platinum Group Elements (PGE) block in Madhya Pradesh, thus marking the group's entry into India's critical mineral sector.
Critical minerals such as platinum group elements are becoming increasingly important for technologies related to clean energy, advanced mobility, and high-value manufacturing, said the company's Chairman, Ratul Puri.
Platinum group elements, which include platinum, palladium, and rhodium, are vital in technologies such as hydrogen fuel cells, emission control systems, and electrolysers, which are used in green hydrogen production.
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