The company spent over INR 8,000 crore up to December 2020 as capital expenditure (capex) in the current fiscal

Coal facilities are struggling amid a market growth in renewable sources

From 2009 to 2019, the countries invested almost USD 79 billion in coal and gas

The policy will put a stop to financing of thermal coal projects outside Britain

It will, however, continue to finance coal mining if the project meets certain criteria

The bank has invested around USD 2.6 billion in coal projects in the past decade

Revenues declined by over PLN 3 billion

The coronavirus-triggered decline in coal demand resulted into a shift to natural gas

The report states that only two coal projects received financing last year

Aid programs are approved by the European Commission

Insurance companies, banks and other financiers are pulling out of coal

Its power plant’s loan contract with Australian banks was terminated

It incurred a loss of nearly RUB 26 billion

Falling thermal coal prices was one of the main contributors to the retreat

The project failed to attract investors due to lack of concrete plans

The company and its subsidiaries achieved a plant load factor of nearly 50 percent

The company recently posted its third quarter results

Its operating profits increased by nearly nine percent year-on-year

The company’s profit declined by nearly three times year-on-year

The government decree covers tax or revenue arrangements for the coal industry