Coal India Ltd (CIL), a state-run mining giant in India, is taking significant steps to diversify its operations by establishing subsidiaries in Chile and Singapore within the current financial year. This strategic move aims to tap into the growing demand for critical minerals such as lithium, rare earths, copper, and coking coal. CIL has already identified a lithium block in Chile, which positions the company to capitalize on the global shift towards renewable energy and electric vehicles. Additionally, CIL is looking to form partnerships in Australia to enhance its capabilities in mining these essential resources. This diversification effort reflects CIL's commitment to reducing its reliance on thermal coal and expanding its influence in the international mining sector.