UltraTech Cement plans to raise ₹5,000 crore from market

SENSEX   76,209.25

 -545.80

NIFTY   23,823.80

 -172.45

CRUDEOIL   8,729.00

+ 319.00

GOLD   144,173.00

 -1,507.00

SILVER   222,800.00

 -4,198.00

By PTI

FILE PHOTO: A man cleans an Expert Testing Van of UltraTech Cement outside a cement store in Ahmedabad, India, July 28, 2022. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVE

UltraTech Cement on Thursday said it is planning to raise up to ₹5,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

The Finance Committee of the board approved a proposal to raise funds by issuance of up to 5,00,000 non-convertible, non-cumulative debentures of ₹1,00,000 each, it said in a BSE filing.

Further details regarding the tenure, coupon rate and timeline of the tranches are awaited.

Earlier this week, UltraTech Cement reported a jump of 17.23 per cent in June quarter consolidated net profit at ₹2,603.72 crore and 15.85 per cent rise in revenue from operations at ₹24,648.20 crore.

UltraTech leads the cement industry with a total grey cement capacity of 205.5 MTPA and white cement/putty capacity of 3.2 MTPA.

It is also planning to foray into the cables and wires business this fiscal.

Published on July 23, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.