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Green bonds | Indore | Madhya Pradesh
S Dinakar
Last Updated at March 5, 2023 15:50 IST
https://mybs.in/2cD5d0a
The idea of floating India’s first municipal green bond, which was oversubscribed 5 times on day-1 of the February 10 launch, germinated around five years back. The primary purpose then was neither climate change nor an urge to save the environment. The aim was to save money, and renewables showed Indore Municipal Corporation (IMC) how to save tens of crores of rupees.
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First Published: Sun, March 05 2023. 15:34 IST
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Green bonds | Indore | Madhya Pradesh
S Dinakar
Last Updated at March 5, 2023 15:50 IST
https://mybs.in/2cD5d0a
The idea of floating India’s first municipal green bond, which was oversubscribed 5 times on day-1 of the February 10 launch, germinated around five years back. The primary purpose then was neither climate change nor an urge to save the environment. The aim was to save money, and renewables showed Indore Municipal Corporation (IMC) how to save tens of crores of rupees.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
What you get on Business Standard Premium?
Please wait while you are being redirected to the next page.
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Sun, March 05 2023. 15:34 IST
source
