UltraTech Cement has successfully raised $500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing raised by the company, subsequent to its inaugural sustainability-linked bond issuance in 2021. This financing signifies the companys ongoing commitment to align its funding strategy with its sustainability and ESG goals.

This financing is aligned with the company's recently published Sustainability-Linked Financing Framework which covers the companys future sustainability-linked bond and loan issuances. The companys Framework is aligned with the Sustainability-Linked Bond Principles published by the ICMA, the Sustainability-Linked Loan Principles published by the LMA/LSTA/APLMA and has received a Second Party Opinion from S&P Global Ratings.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.