UltraTech Cement Limited has informed the Exchange about Credit Rating- New
ULTRACEMCO · price
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UltraTech Cement has been assigned an ESG (Environmental, Social, and Governance) rating of 62 out of 100 for FY2024 by NSE Sustainability Ratings & Analytics Limited. The rating was determined based on publicly available information and reflects the company's performance on environmental, social, and governance parameters. The disclosure was made under SEBI Listing Regulations, though the headline refers to it as a 'Credit Rating,' the actual filing pertains to ESG assessment only. The company is India's largest cement manufacturer and part of the Aditya Birla Group.
An ESG score of 62 indicates moderate-to-good sustainability performance and is a positive signal for ESG-focused investors and funds that screen companies on sustainability criteria. It does not affect the company's creditworthiness, borrowing costs, or short-term stock price materially.