According to the plan presented in Budget documents, most of the green bond proceeds will go to the Railways (₹12,479 crore) for the production of electric locomotives and the construction of new Kolkata metro lines, which the Railways own.
The Ministry of New and Renewable Energy will get ₹7,507.5 crore for its various schemes, the Housing and Urban Affairs Ministry will get ₹2,609 crore for equity investment in various metro rail projects, and the environment ministry will receive ₹169 crore. This is, however, a provisional plan, and more projects can be added or some may be removed later, sources said.
This story is from the March 30, 2023 edition of Business Standard.
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This story is from the March 30, 2023 edition of Business Standard.
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