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
  • Jyotiraditya Scindia inaugurated the SatCom Summit at India Mobile Congress 2025 to boost digital connectivity in remote villages through satellite communication.

    Read More....
  • The 2025 Nobel Prize in Chemistry honored Susumu Kitagawa, Richard Robson, and Omar Yaghi for developing metal–organic frameworks that revolutionized molecular design and offer solutions for pollution and water scarcity.

    Read More....
  • International Abhidhamma Day celebrated the timeless wisdom and contemporary relevance of Buddhist philosophy.

    Read More....
  • India joins regional powers to oppose foreign military presence in Afghanistan.

    Read More....
  • Cabinet approves four major multi-tracking railway projects across four states, boosting connectivity, reducing emissions, and supporting regional development.

    Read More....
  • CBI, in collaboration with global agencies, busted international cybercrime networks under Operation HAECHI-VI, arresting 8 and identifying 45 suspects.

    Read More....
  • DRDO launches IRSA 1.0, boosting India’s self-reliance in military communication technology.

    Read More....
  • PM Narendra Modi launches Mumbai One app, India’s first unified public transport ticketing platform.

    Read More....
  • India expands e-NAM by adding 9 new commodities, enhancing market access, transparency, and income for farmers.

    Read More....
  • Group Captain Shubhanshu Shukla, India’s first ISS astronaut, becomes the brand ambassador of Viksit Bharat Buildathon, inspiring students nationwide.

    Read More....