GCC Raises ₹205.6 Crore via Green Bond

The Greater Chennai Corporation (GCC) has raised ₹205.6 crore through its first Green Municipal Bond.

This money will be used to clean up a big garbage dump called the Kodungaiyur Dumping Ground.

The project costs ₹648.4 crore in total, and the GCC is responsible for ₹385.6 crore of that.

The bond will be listed on the National Stock Exchange on 12th January 2026 and has a 10-year tenure with a 7.95% interest rate.

Many investors were interested, and the bond was rated highly by CARE Ratings and Acuite Ratings.

The GCC can also get up to ₹20 crore in incentives from the government, which helps reduce the cost of borrowing.