Solar Power Plant – Photo: Amar Ujala Expansion The Green Bond issued by the Indore Municipal Corporation for setting up a solar power plant has received an overwhelming response from investors and has attracted nearly 720 A subscription of Rs.crore was raised. Indore Municipal Corporation officials told on Tuesday that this amount is 75 is about six times more than the base price of Rs. Corporation has to set up MW solar power plant. Green bonds were issued to raise a total of 506 crores, which is was also a first of its kind offering in the capital market by a civic body. on the very first day found 661.12 SUBSCRIPTION OF CRORE
2021750 According to the officials of the corporation, the bond On the first day of opening on February it 506.35 received a subscription of Rs crore, while at the time of closing on Tuesday this amount .60 reached Rs. Officials said that most 122 from institutional investors.10 raised Rs crore, while from corporate .75 Got a subscription of Rs. from Narmada River Will generate electricity to bring water

Officials said that the amount raised from the green bond will be used to set up a solar power plant, which is about 75 water from Narmada river in Jalud village of Khargone district Will generate electricity to bring. Till now, almost every year 506 the corporation has to bring Narmada water from Jalud to Indore and deliver it to every house. Crores of rupees have to be spent, but after the installation of this plant, the expenditure will come down. ,