UltraTech Cement Limited has received an affirmation of its credit ratings from Fitch Ratings, maintaining its financial standing in the investment-grade category. The rating agency confirmed the company's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-' with a stable outlook.

Rating Details and Scope

The rating affirmation encompasses multiple financial instruments and maintains consistency across UltraTech Cement's debt portfolio. The comprehensive review covered both the company's issuer ratings and specific bond instruments.

The USD 400 million 2.80% senior unsecured notes due 2031 also received the 'BBB-' rating affirmation, ensuring alignment across the company's international debt instruments.

Regulatory Compliance and Disclosure

The rating affirmation was formally communicated to Indian stock exchanges on February 7th, 2026, in adherence to regulatory requirements. Company Secretary and Compliance Officer Dhiraj Kapoor signed the disclosure document, ensuring compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Methodology Update

Fitch Ratings conducted this affirmation following an update of its Corporate Rating Criteria, indicating a comprehensive review of the rating methodology. The stable outlook suggests that Fitch expects UltraTech Cement to maintain its current credit profile over the rating horizon.

The 'BBB-' rating places UltraTech Cement in the investment-grade category, representing adequate capacity to meet financial commitments. The stable outlook indicates that rating changes are not anticipated in the near term, reflecting confidence in the company's financial stability and operational performance.

UltraTech Cement has successfully completed a major capacity expansion project at its Aligarh facility, adding 2.7 million tonnes per annum (MTPA) to its production capabilities. This significant development marks an important milestone in the company's ongoing expansion strategy and reinforces its commitment to strengthening manufacturing operations across key markets.

Capacity Expansion Details

The completion of the Aligarh facility expansion represents a substantial addition to UltraTech Cement's production infrastructure. The following table summarizes the key details of this development:

Strategic Impact

The successful completion of this capacity expansion project enhances UltraTech Cement's manufacturing footprint in the northern Indian region. The additional 2.7 MTPA capacity at the Aligarh facility will enable the company to better serve growing market demand and strengthen its competitive position in the cement industry.

This expansion aligns with the company's broader growth strategy and demonstrates its commitment to investing in production capabilities across strategic locations. The Aligarh facility's enhanced capacity will contribute to UltraTech Cement's ability to meet increasing infrastructure and construction demands in the region.