CARE reaffirms rating assigned to the NCD issue of Ultra Tech Cement

11 Jul 2012

Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Rs 500 crore long term non convertible debentures of Ultra Tech Cement.

The company has received the said rating on the back of its strong parentage, leading market position in India with pan-India presence, a high brand recall and strong operating efficiency.

UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka.

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