Ultratech secures $500 million sustainability-linked loan
ECONOMY & POLICY

Ultratech secures $500 million sustainability-linked loan

Ultratech Cement has successfully obtained a significant loan of $500 million, marking a notable step in its commitment to sustainability. This loan, structured as a sustainability-linked financial arrangement, is aimed at supporting the company's environmental and social goals.

The funds will be utilized to advance various initiatives that align with Ultratech's sustainability targets, including reducing carbon emissions, enhancing energy efficiency, and fostering community development. This move underscores the company's dedication to integrating eco-friendly practices into its operations.

The loan's terms are linked to specific sustainability performance metrics, which will be monitored and evaluated regularly. By meeting these targets, Ultratech Cement can benefit from favorable loan conditions, reinforcing its strategic focus on sustainable growth.

This financing arrangement highlights a growing trend among corporations to align financial strategies with broader environmental and social objectives. Ultratech Cement's successful acquisition of this loan demonstrates its leadership in advancing sustainable practices within the cement industry.

Ultratech Cement has successfully obtained a significant loan of $500 million, marking a notable step in its commitment to sustainability. This loan, structured as a sustainability-linked financial arrangement, is aimed at supporting the company's environmental and social goals. The funds will be utilized to advance various initiatives that align with Ultratech's sustainability targets, including reducing carbon emissions, enhancing energy efficiency, and fostering community development. This move underscores the company's dedication to integrating eco-friendly practices into its operations. The loan's terms are linked to specific sustainability performance metrics, which will be monitored and evaluated regularly. By meeting these targets, Ultratech Cement can benefit from favorable loan conditions, reinforcing its strategic focus on sustainable growth. This financing arrangement highlights a growing trend among corporations to align financial strategies with broader environmental and social objectives. Ultratech Cement's successful acquisition of this loan demonstrates its leadership in advancing sustainable practices within the cement industry.

Next Story
Infrastructure Transport

Bengaluru Unveils Rs 1,200 Bn Infra Upgrade Plan

Bengaluru is set to receive a massive infrastructure boost worth Rs 1,200 billion under new projects planned by the Karnataka government to enhance urban mobility and connectivity. The initiative includes the expansion of the city’s metro network, construction of tunnel roads, elevated corridors, and 500 km of white-topping works to improve road durability. The Bruhat Bengaluru Mahanagara Palike (BBMP) and Bengaluru Metro Rail Corporation Limited (BMRCL) will jointly execute the projects. Key projects include tunnel roads between Hebbal and Mekhri Circle, 25 new signal-free corridors, and ..

Next Story
Infrastructure Transport

Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy

Cochin Shipyard Limited (CSL) has delivered INS Mahe, the first indigenous Anti-Submarine Warfare Shallow Water Craft (ASW SWC), to the Indian Navy. The vessel is part of an eight-ship series being constructed under the Navy’s “Atmanirbhar Bharat” initiative to strengthen coastal defence capabilities. Designed and built entirely in India, Mahe features advanced sensors and weapon systems for detecting and neutralising underwater threats in coastal waters. The vessel underwent extensive sea trials before delivery, demonstrating high performance and manoeuvrability. This milestone reinfo..

Next Story
Infrastructure Urban

Vedanta Group to invest Rs 1,000 billion more in Odisha projects

Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?