Surat’s Rs 200 crore green bond listed on NSE

ByEnigma 808

Surat Municipal Corporation’s Rs 200 crore green municipal bond was listed on the National Stock Exchange (NSE) on Thursday. The event was marked by Gujarat Chief Minister Bhupendra Patel ringing the ceremonial bell, alongside NSE MD and CEO Ashishkumar Chauhan and Surat Mayor Dakshesh Mavani.

The Chief Minister praised the green bond initiative, highlighting India’s balance between economic growth and ecological preservation. He said Surat’s green projects would help the country achieve ‘Net Zero Carbon Emission’ by 2070. The bond issue attracted global investors and received eight times the subscription, showcasing strong enthusiasm for green investment.

Surat Mayor Mavani emphasized sustainable energy as a key example for India’s development by 2047, adding that Surat aims to become the world’s best city with green energy. The green bonds opened on October 6 and closed on October 9, with demand surpassing Rs 800 crore.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.