BMC unveils ₹80,952 crore Budget with plans to raise green bonds

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BMC Commissioner Bhushan Gagrani presents the Annual BMC fund for the twelvemonth 2026-27 to BMC Standing Committee president Prabhakar Shinde astatine the BMC office successful Mumbai connected February 25, 2026. | Photo Credit: Emmanuel Yogini

The municipal greenish bonds purpose to concern projects, including wastewater attraction and desalination. According to BMC, the bonds volition assistance execute Mumbai’s Climate Action Plan, attracting Environmental, Social and Governance-focused organization investors.

“BMC has already initiated the process of assignment of Credit Rating Agency and volition beryllium initiating further process for raising Municipal Green Bonds to concern its sustainable development,” stated successful the Budget statement.

Published - February 26, 2026 10:17 americium IST

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