Hindustan Power Expands Into Critical Minerals Space with Plant in MP

Hindustan Power has stepped into India’s critical minerals sector after one of its group companies secured a Letter of Intent for exploring a platinum group elements block in Madhya Pradesh.

The win came through a competitive e-auction by the Ministry of Mines, where the company emerged as the preferred bidder for the Padhar block.

Spread across nearly 200 square kilometers, the Padhar block is seen as a promising zone for platinum group elements (PGE), including platinum, palladium, and rhodium, along with associated zinc deposits. These minerals are vital for clean energy technologies, hydrogen fuel cells, emission control systems, and advanced electronics, making them a strategic resource worldwide.

This move marks a key step in boosting India’s domestic supply of critical minerals, reducing import dependence, and strengthening supply chains for future industries. The government has been pushing to secure access to such resources as demand rises with the energy transition and growth in advanced manufacturing.

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For Hindustan Power, the development signals a broader diversification strategy beyond its core energy business. The company has been expanding across both conventional and renewable energy while exploring opportunities tied to industrial growth.

Alongside this new venture, the company is developing coal mining assets in Chhattisgarh and Jharkhand. It is also growing its renewable portfolio with solar and energy storage projects, including a major solar project in Uttar Pradesh.

By entering the critical minerals sector, Hindustan Power aims to support India’s long-term goals in clean energy, mobility, and manufacturing while building stronger domestic resource security.