Indore becomes first civic body to launch green bonds

Indore becomes first civic body to launch green bonds

Daily Current Affairs / Indore becomes first civic body to launch green bonds

Change Language English Hindi

Category : National Published on: February 10 2023

Share on facebook

Indore Municipal Corporation, ranked top in cleanliness survey for six consecutive years, has become the country’s first civic body to launch green bonds, seeking to raise Rs 244 crore for a 60-mw solar plant at its water pumping station.
This amount will be used to set up a 60 MW solar plant at Juladh Pumping Station in Hum Samraj and Ashukhedi villages on the banks of river Narmada falling in Khargone district with an investment of about Rs 305 crore.
This bond of Indore Municipal Corporation will open between 10-14 February 2023. And later it will be listed on the National Stock Exchange.
Green bonds are debt securities issued by organizations to finance or refinance projects that have a positive impact on the environment and climate. They are also known as climate bonds.
Green bonds were first announced by Union Finance Minister Nirmala Sitharaman while presenting the budget for the financial year 2022-23.

Recent Post's

India’s maternal mortality ratio drops to 97 per 1,00,000 live births as institutional deliveries rise to 89%.
Read More....
NTH and India Post signed an MoU to enable nationwide doorstep sample collection and faster, reliable testing through NTH laboratories.
Read More....
MYAS launched a Comprehensive Internship Policy offering 452 annual internships to build a skilled, future-ready sports workforce in India.
Read More....
RBI’s Handbook of Statistics 2024–25 highlights that India’s export growth is increasingly concentrated in a few developed coastal and industrial States, raising concerns over regional imbalance.
Read More....
Jnanpith Award-winning Hindi writer Vinod Kumar Shukla, the first recipient from Chhattisgarh, passed away at the age of 88 in December 2025.
Read More....
IIT Delhi has developed AILA, India’s first autonomous agentic AI lab assistant capable of independently conducting real-world scientific experiments.
Read More....
India witnesses record growth in IPR filings, led by trademarks and patents, reflecting a shift towards self-reliance in innovation.
Read More....
DRDO successfully tests Akash-NG missile, enhancing India’s air defence capabilities.
Read More....
Union Minister Manohar Lal inaugurated the second 250 MW unit of the Subansiri Lower Hydroelectric Project, boosting India’s clean energy capacity and supporting North-East growth.
Read More....
Thanjavur painting of Lord Ram, a classical art form from Tamil Nadu with GI tag, was transported from Bengaluru to Ayodhya, showcasing India’s rich cultural heritage.
Read More....