UltraTech Cement, India's largest cement producer by capacity, plans to raise ₹5,000 crore through rupee-denominated bond issuances.
The Aditya Birla Group company aims to reduce its borrowing costs following a period of aggressive acquisitions and brownfield expansion.
UltraTech recently reported a 17% year-on-year increase in first-quarter net profit, reaching ₹2,599 crore.
The move comes as the company navigates the financial aftermath of its growth strategy.
UltraTech recently reported a 17% year-on-year increase in first-quarter net profit, reaching ₹2,599 crore.
The strong earnings underscore the company's ability to maintain profitability despite the capital intensity of its recent expansion efforts.
By accessing the domestic debt market, UltraTech seeks to optimize its capital structure.