New Delhi, March 24 -- Hindustan Power Group has secured a Letter of Intent (LoI) for exploration of the Padhar Platinum Group Elements (PGE) block in Madhya Pradesh, marking its entry into India's critical minerals sector, the company announced on Tuesday.
The LoI was awarded following a forward e-auction conducted by the union Ministry of Mines, in which a group firm emerged as the preferred bidder. The Padhar block, spread over nearly 200 square kilometres, has been identified as a prospective zone for platinum group elements and also contains zinc deposits.
Chairman Ratul Puri said the acquisition of the block is a significant step towards strengthening India's resource resilience. He noted that platinum group elements are vital for n...