Hind Power's loI in Platinum Group

New Delhi: Hindustan Power on Tuesday said it has received a letter of intent for exploration of 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 said, 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.