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Ghaziabad Nagar Nigam – BSE
April 6 , 2021
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- Ghaziabad Nagar Nigam had listed itself at BSE index.
- Ghaziabad Nagar Nigam successfully raised Rs. 150 Crores by issuing Municipal Bond on Private Placement Basis using BSE BOND.
- This is the first-ever green bond issuance by any Municipal Corporation in the country.
- The money will be used for the construction of a tertiary sewage treatment plant at Indirapuram in Ghaziabad.
- The money will be used to fund the project partly which is worth Rs 240 crore.
- This treatment plant will enable the sewage water to be used for industries after treatment.
- Ghaziabad Nagar Nigam is the second Municipal Corporation to raise funds in the state of Uttar Pradesh.
- Earlier, Lucknow Municipal Corporation had listed itself at BSE.
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