UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

•UltraTech Cement's board has approved raising up to ₹5,000 crore through privately placed non-convertible debentures.

•The funds will be raised through the issuance of up to 5,00,000 non-convertible, non-cumulative debentures of ₹1,00,000 each.

•Details on the tenure, coupon rate, and timeline of the tranches are yet to be announced.

•UltraTech Cement reported a 17.23% jump in June quarter consolidated net profit at ₹2,603.72 crore and a 15.85% rise in revenue from operations.

•The company leads the cement industry with a total grey cement capacity of 205.5 MTPA and white cement/putty capacity of 3.2 MTPA.