Ultratech secures $500 million sustainability-linked loan

03 Sep 2024 CW Team

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..