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Ghaziabad Nagar Nigam in Uttar Pradesh lists itself at BSE

Sumit Arora Published On April 2nd, 2021 Leave a comment

Ghaziabad Nagar Nigam listed itself at BSE and 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.

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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.

Important takeaways for all competitive exams:

Uttar Pradesh Capital: Lucknow.
Uttar Pradesh Governor: Anandiben Patel.
Uttar Pradesh Chief minister: Yogi Adityanath.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.