Coal India bets ₹50,000 crore on life beyond coal

Coal India (CIL) is aggressively diversifying its business beyond coal mining, with a focus on coal gasification, renewables, and critical minerals. The company is pursuing ₹50,000 crore worth of coal-gasification projects, including a first commercial project in Odisha's Lakhanpur, which is in the execution phase. CIL also aims to secure 9.5 gigawatts (GW) of renewable capacity by FY30 and has incorporated a subsidiary in Singapore, CIL Global, to facilitate overseas critical-mineral acquisitions.

The company has secured five critical mineral assets, including graphite, rare earth elements, and rare metals, and is evaluating opportunities in Chile, Argentina, and Australia.

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