Nashik Municipal Corporation Issues First Green Municipal Bond, Listed on National Stock Exchange
मुख्य बातें
- •The Nashik Municipal Corporation issued its first Green Municipal Bond, raising approximately ₹500 crore.
- •The bond proceeds will be used for water supply, solid waste management, public transport, and solar energy projects.
- •The bond has been listed on the National Stock Exchange (NSE), helping attract investors.
- •The move will improve the municipal corporation’s credit rating, facilitating easier capital raising at lower interest rates in the future.
- •The initiative has been praised by Maharashtra government officials and financial experts.
Nashik, July 12, 2024 – The Nashik Municipal Corporation (NMC) in Maharashtra has taken a historic step by issuing its first-ever Green Municipal Bond. The bond has been listed on the National Stock Exchange (NSE), paving the way for raising capital to fund infrastructure development and green projects in the city.
NMC Commissioner Rahul Rathi stated that the Green Bond will mobilise approximately ₹500 crore. The funds will primarily be used for eco-friendly initiatives such as water supply systems, solid waste management, public transport, and solar energy projects. He added, “This bond will not only accelerate the city’s development but also mark a significant step toward green financing in India’s urban areas.”
