Indore Municipal Corporation Issues Green Bonds | The ET Money Show | ET Now

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Indore Municipal Corporation has issued green municipal bonds with an aim to raise up to `244 crore to partly fund a solar power project in the city. This is the first time ever that a local body has issued green municipal bonds. The corporation is issuing the bonds to fund a 60 MW captive solar photovoltaic power plant at the village of Samraj & Ashukhedi in Madhya Pradesh’s Khargone district The issue has received an overwhelming response from investors and has already attracted a subscription of around `721 crore. On the ET Money Show, we brought on board Pushyamitra Bhargav, Mayor of Indore, and Arnav Pandya, Founder, Moneyeduschool to understand more about the issue.
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