Debt financing
Ultratech Cement to raise Rs.5,000-Cr via NCDs
Business Line UltraTech Cement
Mumbai-based UltraTech Cement plans to raise INR 5,000 crore through the issuance of non-convertible, non-cumulative debentures. The issuance consists of 5,00,000 debentures, each with a face value of INR 1,00,000 and will be conducted on a private placement basis.Founded in 1983, UltraTech Cement has a total grey cement capacity of 205.5 MTPA and a white cement and putty capacity of 3.2 MTPA.The firm recently reported a 17.23% increase in consolidated net profit for the June quarter, reaching INR 2,603.72 crore, alongside a 15.85% rise in revenue from operations to INR 24,648.20 crore.
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