PCMC’s Bond Power Earns National Honour

• ₹400-crore bond mobilisation wins two prestigious ASSOCHAM awards for green finance and municipal funding

PIMPRI : The Pimpri-Chinchwad Municipal Corporation (PCMC) has earned national recognition for its innovative financial approach after receiving two prestigious awards from the Associated Chambers of Commerce and Industry of India (ASSOCHAM) for its performance in the municipal bond market.

The awards were presented at ASSOCHAM’s 9th Summit and Awards on the Corporate Bond Market. PCMC was honoured in the Gold category for Best ESG/Green/Sustainability Bond Issuer and recognised in the Silver category for Best Municipal Bond Issuer.

PCMC has successfully raised ₹400 crore through municipal bonds to finance development projects across the city. The move has enabled the civic body to access the capital market directly and create an additional avenue for funding major infrastructure and development works.

The municipal corporation has also focused on raising funds through green bonds, supporting projects linked to sustainable urban development. Its transparent financial practices, effective planning and contribution to the municipal bond market were recognised by ASSOCHAM.

Standing Committee Chairman Abhishek Barne said the achievement marks an important milestone in PCMC’s journey towards financial self-reliance.

“Raising ₹400 crore through municipal bonds has created a new and bold avenue for directly mobilising funds from the capital market. The two national awards are recognition of our financial planning, transparency and forward-looking approach,” Barne said.

The national recognition is being viewed as another milestone in PCMC’s efforts to give fresh momentum to the city’s development.

IN FOCUS | ₹400-Crore Financial Milestone

PCMC’s successful ₹400-crore municipal bond issue has strengthened its ability to independently mobilise funds for development works. The civic body’s green bond initiative has also helped channel capital towards sustainable urban projects. ASSOCHAM’s Gold and Silver category recognitions acknowledge PCMC’s approach to ESG, green financing, transparency and municipal bond mobilisation. The awards underline the importance of innovative financial planning in supporting large-scale urban infrastructure and sustainable development while reducing dependence on conventional funding sources.