UltraTech approves allotment of NCDs worth Rs 1,000 cr
New Delhi: Aditya Birla Grp cement maker UltraTech has approved allotment of Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 1,000 crore.
These NCDs bear coupon rate of 4.57 percent per year, the company said in a regulatory filing. These will be listed on the National Stock Exchange of India.
UltraTech had recently chalked out Rs 5,477 crore investment plan for its greenfield and brownfield factories. The company intends to take its manufacturing capacity to 12.8 million tonne per year.