RBI to raise Rs 200 billion through sovereign green bonds in FY 24-25

19 Nov 2024 CW Team

- First tranche: November 25-29, 2024, with a 10-year tenor. - Second tranche: December 9-13, 2024, with a 30-year tenor. - Third tranche: January 27-31, 2025, with a 10-year tenor. - Fourth tranche: February 17-21, 2025, with a 30-year tenor.

The RBI has the option to exercise a greenshoe provision of up to Rs 20 billion for each auction. Additionally, 10-year sovereign green bonds will be accessible to Non-Resident Indians (NRIs) via the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar.

This follows the government’s initial sovereign green bond issuance of Rs 160 billion completed in February 2023. The funds raised through green bonds are earmarked for public sector projects across nine sectors, including renewable energy, sustainable water management, clean transportation, and pollution control, aimed at reducing the economy's carbon intensity.

In a related development, NSE Indices launched India’s first sovereign green bond indices in March 2023, the Nifty India Sovereign Green Bond Jan 2028 and Jan 2033 Indices, to track the performance of these securities.

The Securities and Exchange Board of India (SEBI) has also introduced regulatory protocols for listing green debt securities, including provisions for ‘yellow bonds,’ which focus on solar energy projects and related industries. The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

The Reserve Bank of India (RBI) has announced plans to raise Rs 200 billion through sovereign green bonds in the second half of the fiscal year 2024-25. The funds will be raised in four equal tranches of Rs 50 billion, with subscription windows and tenors as follows: - First tranche: November 25-29, 2024, with a 10-year tenor. - Second tranche: December 9-13, 2024, with a 30-year tenor. - Third tranche: January 27-31, 2025, with a 10-year tenor. - Fourth tranche: February 17-21, 2025, with a 30-year tenor. The RBI has the option to exercise a greenshoe provision of up to Rs 20 billion for each auction. Additionally, 10-year sovereign green bonds will be accessible to Non-Resident Indians (NRIs) via the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar. This follows the government’s initial sovereign green bond issuance of Rs 160 billion completed in February 2023. The funds raised through green bonds are earmarked for public sector projects across nine sectors, including renewable energy, sustainable water management, clean transportation, and pollution control, aimed at reducing the economy's carbon intensity. In a related development, NSE Indices launched India’s first sovereign green bond indices in March 2023, the Nifty India Sovereign Green Bond Jan 2028 and Jan 2033 Indices, to track the performance of these securities. The Securities and Exchange Board of India (SEBI) has also introduced regulatory protocols for listing green debt securities, including provisions for ‘yellow bonds,’ which focus on solar energy projects and related industries. The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..