CARE reaffirms rating to Ultratech Cement’s NCD issue

24 Sep 2013

Credit rating agency, CARE has reaffirmed AAA rating to Ultratech Cement’s long term Non-Convertible Debentures worth Rs 500.00 crore.

The rating continues to derive strength from the prominent parentage (viz., Aditya Birla group), UltraTech’s leading market position in India with pan-India presence and high brand recall and its competitive 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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Ultratech Cement Share Price

6547.65 42.15 (0.65%) Apr 13, 13:33
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