Mumbai, March 8 -- The agency has reaffirmed 'CARE AAA; Stable / CARE A1+' rating to the long term / short term bank facilities of the company worth Rs 13,000 crore.

Further, CARE Ratings has assigned a "CARE AAA; Stable" rating to UltraTech's fixed deposit program worth Rs 74 crore.

According to CARE Ratings, the "AAA" rating reflects UltraTech's sustained market leadership in India, bolstered by its extensive and diversified cement capacities across the country. As of March 1, 2025, UltraTech boasts an installed cement capacity of 177.7 million tonnes per annum (MTPA) in India, and 183.1 MTPA globally. The company's ongoing expansion plans are set to further increase this capacity to 188.2 MTPA by the end of FY25 and 214.7 MTPA by the...