PATNA, Feb. 17 -- In a first for the state, three government-run entities - Bihar State Power Transmission Company Limited (BSPTCL), Bihar State Road Development Corporation Limited (BSRDCL) and the Patna Municipal Corporation (PMC) - are preparing to raise resources from capital markets by listing on the National Stock Exchange (NSE) through bonds and an initial public offer (IPO) to finance infrastructure and civic projects.

Senior officials said on Monday that the move is intended to reduce pressure on the state exchequer while improving financial discipline and long-term sustainability of government bodies.

BSPTC, a subsidiary of Bihar State Power Holding Company Limited (BSPHCL) under the energy department, will be the first among ...