Coal India Limited (CIL) has announced its Board's approval for the incorporation of an Intermediate Holding Company (IHC) in Chile. This strategic move is part of CIL's diversification strategy, aiming to explore and develop opportunities in critical minerals, specifically lithium and copper, within Chile. The IHC will be wholly owned by Coal India Limited, with a 100% equity investment. The specific name and date of incorporation of this Chilean entity will be intimated in due course. The company will require governmental and regulatory approvals from DIPAM and the Ministry of Corporate Affairs (MoC) for this incorporation. The cost of subscription and the exact shareholding details are yet to be finalized, but CIL will hold 100% of the shares in the new entity.
