Coal India forms Chilean arm for critical minerals
pre-market1 source ↓written by the desknot a recommendation
- holding company
- 100% equity
- capital expenditure plan
- ₹6,300 cr
Coal India Ltd (CIL) approved the formation of a 100% equity holding company in Chile to explore critical minerals like lithium and copper. This strategic move aligns with India's clean energy goals and comes with a ₹6,300 cr capital expenditure plan. Regulatory clearances from DIPAM and the Ministry of Coal are pending.
This expansion into Chile, a leading producer of lithium and copper, is expected to enhance India's access to essential resources for clean energy and technology sectors. 🌍
Not investment advice. For informational purposes only.