India auctions Rs 20,000 cr sovereign green bonds in FY24

06 May 2024 CW Team

The auctioning of sovereign green bonds represents a key strategy adopted by the Indian government to raise capital for projects aimed at mitigating climate change, promoting renewable energy, and enhancing environmental sustainability. These bonds are specifically earmarked for financing projects with clear environmental benefits, such as renewable energy generation, energy efficiency, waste management, and afforestation.

The substantial demand for sovereign green bonds reflects growing investor interest in environmentally responsible investments and the recognition of India's potential as a green finance market. Institutional investors, financial institutions, and individual investors have shown keen interest in participating in green bond auctions, attracted by the dual objectives of financial returns and positive environmental impact.

India's success in auctioning sovereign green bonds also aligns with its broader efforts to meet its climate commitments under the Paris Agreement and achieve its renewable energy targets. By leveraging green financing mechanisms, the country aims to accelerate the transition to a low-carbon economy and build climate resilience across various sectors.

Furthermore, the auctioning of sovereign green bonds serves as a catalyst for mobilizing private capital towards sustainable development goals, complementing government initiatives and public sector investments. By providing a transparent and credible platform for green finance, India demonstrates its leadership in the global transition to a sustainable and resilient future.

As India continues to scale up its green financing efforts, the auctioning of sovereign green bonds is expected to play a pivotal role in channeling investments towards green infrastructure, clean energy projects, and environmental conservation initiatives. This reinforces India's position as a frontrunner in green finance and underscores its commitment to fostering sustainable development and combating climate change.

In the fiscal year 2023-24, India made significant strides in green financing by auctioning sovereign green bonds worth a substantial Rs 20,000 crore. This milestone underscores the country's commitment to sustainable development and climate action, as it seeks to mobilize funds for environmentally friendly projects and initiatives. The auctioning of sovereign green bonds represents a key strategy adopted by the Indian government to raise capital for projects aimed at mitigating climate change, promoting renewable energy, and enhancing environmental sustainability. These bonds are specifically earmarked for financing projects with clear environmental benefits, such as renewable energy generation, energy efficiency, waste management, and afforestation. The substantial demand for sovereign green bonds reflects growing investor interest in environmentally responsible investments and the recognition of India's potential as a green finance market. Institutional investors, financial institutions, and individual investors have shown keen interest in participating in green bond auctions, attracted by the dual objectives of financial returns and positive environmental impact. India's success in auctioning sovereign green bonds also aligns with its broader efforts to meet its climate commitments under the Paris Agreement and achieve its renewable energy targets. By leveraging green financing mechanisms, the country aims to accelerate the transition to a low-carbon economy and build climate resilience across various sectors. Furthermore, the auctioning of sovereign green bonds serves as a catalyst for mobilizing private capital towards sustainable development goals, complementing government initiatives and public sector investments. By providing a transparent and credible platform for green finance, India demonstrates its leadership in the global transition to a sustainable and resilient future. As India continues to scale up its green financing efforts, the auctioning of sovereign green bonds is expected to play a pivotal role in channeling investments towards green infrastructure, clean energy projects, and environmental conservation initiatives. This reinforces India's position as a frontrunner in green finance and underscores its commitment to fostering sustainable development and combating climate change.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..