Ultratech Cement Ltd.

Ultratech Cement's board has approved a proposal to raise up to Rs 3,000 crore through issuance of US dollar-denominated bonds. The proceeds from the issuance will be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes.

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.