UltraTech Cement Prepays Rs 5,000 Cr Loan

UltraTech Cement reported sales of Rs 40,649.17 crore in 2019-2020 and is the largest manufacturer of gray cement, ready mix concrete (RMC) and white cement in India.

UltraTech Cement said on Tuesday it had prepaid its long-term loans of 5,000 crore rupees.

The loan repayment was made using free cash flow the company has generated in recent quarters despite the pandemic, the Aditya Birla Group company said in a statement.

However, the company did not share the deadline for early repayment of long-term loans. “We are pleased to inform you that the company, during the past week, has prepaid its long term loans amounting to Rs 5,000 crore,” UltraTech said.

This is in line with the company’s efforts to maintain an optimal capital structure, he added.

“Loan repayments were made thanks to the free cash flow the company has generated in recent quarters despite the difficult circumstances and severe business disruptions during the first quarter of the current fiscal year”, a- he added.

UltraTech Cement reported sales of Rs 40,649.17 crore in 2019-2020 and is the largest manufacturer of gray cement, ready mix concrete (RMC) and white cement in India.

With a consolidated capacity of 116.8 million tonnes per year (MTPA), it is the third largest cement producer in the world, outside of China.

(PTI)


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