Indian Banks Reluctant to Fund Coal Mines Amid Rising Energy Demand and Renewable Push

Indian Banks Reluctant to Fund Coal Mines Amid Rising Energy Demand and Renewable Push.

Arrow Arrow Arrow Arrow White Frame Corner

India’s ambitious drive to increase coal production to meet its surging energy demand is facing hurdles as banks show reluctance to finance newly auctioned mines.

[{"selector":"#anim-8ee89bf8-a5e6-4a19-97fb-e5d75f8320ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b173d5d7-c784-491d-9d25-960feba0258e","keyframes":{"transform":["translate3d(0px, 156.65820%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-485c2c76-30d3-4fa7-9d6d-0e74599a8670 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow Arrow Arrow Arrow White Frame Corner White Frame Corner

Global investors are increasingly avoiding coal investments due to alignment with ESG values, further impacting banks’ decisions.

[{"selector":"#anim-49d11e83-711c-459e-b986-ecae78ea4c84","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79c2cd3d-2437-4a75-b3b1-197a5f85e925","keyframes":{"transform":["translate3d(0px, 209.73544%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1da8926-6943-4bf7-95f8-f831950a50ae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow White Frame Corner

These concerns were discussed in a meeting called by the government to address the funding deadlock.

[{"selector":"#anim-783bbb31-6ecd-4b4c-bd46-57d42ef9827d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42f80bde-db7a-4da4-9628-828de7790a76","keyframes":{"transform":["translate3d(0px, 230.66110%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1d29a2f8-1e76-4990-837b-2deaff9bded3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow Arrow Arrow Arrow White Frame Corner