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UltraTech Cement raises $500 million through sustainability-linked loan

27 Aug 2024 Evaluate

UltraTech Cement has successfully raised $500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing raised by the company, subsequent to its inaugural sustainability-linked bond issuance in 2021. This financing signifies the company’s ongoing commitment to align its funding strategy with its sustainability and ESG goals.

This financing is aligned with the company's recently published Sustainability-Linked Financing Framework which covers the company’s future sustainability-linked bond and loan issuances. The company’s Framework is aligned with the Sustainability-Linked Bond Principles published by the ICMA, the Sustainability-Linked Loan Principles published by the LMA/LSTA/APLMA and has received a Second Party Opinion from S&P Global Ratings.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.


Ultratech Cement Share Price

11948.20 -196.25 (-1.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11948.20
Ambuja Cement 444.25
ACC 1392.00
Shree Cement 25437.05
Dalmia Bharat 1830.30
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