India Ultratech To Borrow INR17B Through FY09

India Ultratech To Borrow INR17B Through FY09
Published: 23 July 2007

India’s  Ultratech Cement Ltd  said it plans to borrow around INR17bn through March 31, 2009, to expand capacity and build a captive power plant.  
 
"Of this, INR10bn will be borrowed in this fiscal year and the balance in the next financial year," KC Birla, President and Chief Financial Officer of Ultratech Cement told reporters on the sidelines of the company’s annual general body meeting.  
 
Birla said the company is examining various options including overseas loans, non-convertible debentures and bonds as part of the borrowing plan.