UltraTech Cement is reportedly planning to raise Rs 9,000 crore through issue of non-convertible debentures (NCDs) through private placement. The company is raising the same to fund its ongoing expansion projects and refinance high cost debt.
The company has recently taken over debt-ridden 21 million tonne per annum cement capacity of Jaiprakash Associates and Jayee Cement for Rs 16,189 crore.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.
