In Photos: Devendra Fadnavis rings NSE bell as Nashik municipal green bond lists

Updated On: 09 March, 2026 02:44 PM IST | ronak mastakar

Maharashtra Chief Minister Devendra Fadnavis on Monday rang the ceremonial bell at the National Stock Exchange of India (NSE) to mark the listing of the Green Municipal Bond issued by Nashik Municipal Corporation, a significant step toward promoting sustainable urban financing in the state. (Pics/Maharashtra CMO)

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<p>The listing ceremony celebrated the successful public issue of “Maharashtra’s ULB Green Municipal Bond” by the civic body, aimed at raising funds for environmentally sustainable infrastructure and development projects in Nashik.</p>

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The listing ceremony celebrated the successful public issue of “Maharashtra’s ULB Green Municipal Bond” by the civic body, aimed at raising funds for environmentally sustainable infrastructure and development projects in Nashik.

<p>Speaking at the event, Fadnavis highlighted the importance of innovative financial instruments such as green bonds in enabling urban local bodies (ULBs) to mobilise resources for climate-resilient and eco-friendly projects. </p>

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Speaking at the event, Fadnavis highlighted the importance of innovative financial instruments such as green bonds in enabling urban local bodies (ULBs) to mobilise resources for climate-resilient and eco-friendly projects.

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The initiative is expected to support infrastructure improvements while aligning with broader sustainability goals.

<p>The ceremony was attended by several dignitaries, including Maharashtra Minister Girish Mahajan, Nashik Mayor Himgauri Aher-Adke, and NSE Managing Director and CEO Ashish Chauhan, along with senior officials and stakeholders from the financial and municipal sectors.</p>

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The ceremony was attended by several dignitaries, including Maharashtra Minister Girish Mahajan, Nashik Mayor Himgauri Aher-Adke, and NSE Managing Director and CEO Ashish Chauhan, along with senior officials and stakeholders from the financial and municipal sectors.

<p>The green bond issuance by Nashik Municipal Corporation is being seen as a milestone for municipal financing in Maharashtra, potentially encouraging other urban local bodies to explore capital markets for funding sustainable urban development projects.</p>

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The green bond issuance by Nashik Municipal Corporation is being seen as a milestone for municipal financing in Maharashtra, potentially encouraging other urban local bodies to explore capital markets for funding sustainable urban development projects.

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In Photos: Devendra Fadnavis rings NSE bell as Nashik municipal green bond lists

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