Indore Municipal Corporation to Raise ₹2.45 Billion Through Green Bonds

The bond proceeds will be used to fund a 60 MW solar project

February 6, 2023

/ B.S. Nagaraj
/ Finance and M&A, Solar
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In probably a first for an urban local body, the Indore Municipal Corporation is floating a green bond on February 10, 2023, to raise ₹2.45 billion (~$29.5 million ) for a 60 MW ground-mounted captive solar photovoltaic project in Khargone district in Madhya Pradesh.

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B.S. Nagaraj

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