UltraTech Cement Approves Rs 5,000 Crore NCD Issue Through 5,00,000 Debentures

Q: How much of this newly raised capital will fuel UltraTech's ambitious shift toward renewable energy and green cement?

It is not disclosed how much of the ₹5,000 crore NCD raise will go specifically to renewable energy or green cement. UltraTech’s filing only says the money may be raised in tranches depending on market conditions and funding needs. The supporting material suggests the proceeds are meant to give the company broad flexibility for capex, capacity expansion, refinancing and general corporate purposes, rather than being ring-fenced for sustainability projects. That said, green investment is clearly part of the wider spending agenda. UltraTech has ongoing renewable-energy projects, including relatively small equity investments in captive wind and solar SPVs such as about ₹12.09 crore for a 13.99% stake in FPEL Services, ₹6.72 crore in a Maharashtra solar SPV and ₹15.12 crore in an Odisha solar SPV. It has also stated larger operating targets: renewable energy made up about 43% of its power mix in FY26, rising to roughly 47% in Q1 FY27, with a goal of 85% by 2030. CARE Ratings noted UltraTech plans to lift renewable power capacity from 1.39 GW as of March 2026 to 2 GW by FY27-end and expand waste heat recovery capacity as well. So the best-supported answer is that some portion of the debt could indirectly support UltraTech’s green transition, but the company has not specified an amount or percentage from this ₹5,000 crore issue for renewable energy and green cement alone.

3 articles · Updated · scanx.trade · Jul 24

UltraTech Cement’s finance committee cleared a private placement of up to Rs 5,000 crore in non-convertible debentures, finalizing terms at a July 23 meeting.
The issue covers as many as 5,00,000 rupee-denominated debentures with a face value of Rs 1,00,000 each, to be sold in one or more tranches.
Those NCDs will be fully paid, unsecured, listed, rated, redeemable and non-cumulative, giving the company flexibility to tap debt markets as needed.
The approval puts into effect a fund-raising plan already authorized by UltraTech’s board and was disclosed to BSE, NSE, Luxembourg Stock Exchange and Singapore Exchange.