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Coal India Limited (CIL) has approved the establishment of an Intermediate Holding Company (IHC) in Chile as part of its strategy to diversify into lithium and copper mining. The decision was made during a board meeting, with CIL retaining 100% equity ownership of the IHC.

This initiative aims to explore international mineral opportunities and reduce dependence on coal. Regulatory approvals from the Department of Investment and Public Asset Management and the Ministry of Coal are required to finalize financial terms. Analysts view this as a strategic move that could enhance CIL's long-term revenues and operational flexibility.