Hindustan Power has taken a strategic step into India’s critical minerals sector after receiving a Letter of Intent (LoI) for the exploration of the Padhar Platinum Group Elements (PGE) block in Madhya Pradesh. The award follows a competitive forward e-auction conducted by the Union Ministry of Mines, where the company’s group entity emerged as the preferred bidder. This development signals a diversification beyond the company’s traditional energy operations and aligns with India’s broader push to secure domestic sources of strategic minerals.