News

UltraTech Cement Limited announced the incorporation of UHG Holdings IFSC Private Limited on August 20, 2026, in Gujarat International Finance Tec-City (GIFT City), with Hindalco Industries Limited and Grasim Industries Limited as joint incorporators. UHG Holdings, which has a corporate identification number of U64910GJ2026PTC182701, is an associate of UltraTech Cement and will seek approval from the International Financial Services Centres Authority (IFSCA), with UltraTech Cement holding a 41% stake, Hindalco Industries Limited holding 50%, and Grasim Industries Limited holding 9% in the newly formed entity.

UltraTech Cement Limited announced it has entered into agreements to acquire a 26% equity stake in Solaris Horizon Energy Private Limited, a renewable energy company, for a cash consideration of up to Rs 27,75,50,000. The acquisition, not considered a related party transaction, will help UltraTech Cement meet its green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Solaris Horizon Energy Private Limited, incorporated on December 10, 2025, will supply 91 MWp DC / 65 MW AC solar power to UltraTech Cement’s plants in Chhattisgarh.

UltraTech Cement Limited informed the BSE Limited and the National Stock Exchange of India Limited that a material price movement was observed in the company`s share price on August 11, 2026, which the company attributes to market-driven factors and not any impending announcement.

UltraTech Cement has approved the allotment of 5,00,000 fully paid, unsecured, listed, rated, redeemable, rupee denominated, non-convertible, non-cumulative debentures of Rs.1,00,000/- each amounting to Rs. 5000 crore on private placement basis.

UltraTech Cement announced that CRISIL Ratings has assigned its `Crisil AAA/Stable` rating to Rs 2,000 crore of Non-convertible debentures and has reaffirmed its `Crisil AAA/Stable/Crisil A1+` ratings on the existing debt instruments and bank loan facilities of the company