India, June 10 -- The Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday made history by listing its Rs.200-crore Green Municipal Bonds on the Bombay Stock Exchange (BSE), becoming the first civic body in Maharashtra to raise funds exclusively for sustainable urban mobility projects through this route.

At a bell-ringing ceremony at the BSE in Mumbai, chief minister Devendra Fadnavis hailed the move as a proud moment for the state. "The base amount of Rs.100 crore was subscribed within the first minute of issue. This reflects not only the strength of PCMC's vision but also the trust investors place in Maharashtra's governance," Fadnavis said, adding that Prime Minister Narendra Modi has long encouraged civic bodies to mobilise resou...