Chief Minister N Chandrababu Naidu highlights the infrastructure facilities being developed in Amaravati. The new State capital will be an ideal city to live in, he says.

Amaravati bonds were listed in the Bombay Stock Exchange (BSE) on Monday at 9.15 a.m. as Andhra Pradesh Chief Minister N Chandrababu Naidu rang the belll at the BSE in Mumbai.

With this, the State government crossed another milestone in raising funds for the construction of capital city Amaravati.

Earlier, bonds worth ₹2,000 crore were floated by the A.P. Capital Region Development Authority (APCRDA). They were lapped up in a one-hour offer window on the BSE’s electronic platform on August 14. They were oversubscribed 1.53 times with the backing of A+ rating by CRISIL against the minimum investment grade of BBB.

Mr. Naidu highlighted the infrastructure facilities being developed in Amaravati. The new State capital would be an ideal city to live in, he said.

'A.P. implementing many innovative initiatives'

Andhra Pradesh was implementing many innovative initiatives. It was poised to promote electric vehicles to ensure clean air, water, and environment and solar energy was being promoted in a big way, he added.

BSE MD Ashish Kumar Chauhan described Amaravati as a land of opportunities and assured the stock exchange’s support for its development.

Principal Secretary Ajay Jain explained the process of Amaravati development.