CM Fadnavis said that PCMC’s green bonds received an overwhelming response from investors

Within minutes of the issue, Rs 100 crore was raised, and investor interest grew fivefold thereafter, reflecting strong market confidence

The bonds, with a 5-year tenure, carry a competitive interest rate of 7.85 per cent

Listing bonds on the stock exchange is a complex process involving strict corporate norms

The central government has awarded an incentive grant of Rs 20 crore for issuing green bonds