Nashik Municipal Corporation gears up for a second Rs 200 crore municipal bond issue by February 2026 to fund Kumbh Mela 2027 preparations and 24/7 water supply. Following the successful first bond listing on NSE with CM Fadnavis present, NMC taps into its Rs 1,000 crore borrowing capacity for urban upgrades.
Surat Municipal Corporation's October 2025 NCD IPO showcases its debt-free status, over ₹1,000 crore cash reserves, 92% property tax collection, and ₹909 crore FY2025 surplus. Escrow and DSRA protections ensure secure investments in green municipal bonds for infrastructure.