UltraTech Cement Limited has announced the incorporation of UHG Holdings IFSC Private Limited as an associate company in the International Financial Services Centres (IFSC) at Gujarat International Finance Tec-City (GIFT City) on August 20, 2026. The new entity has been established with a corporate identification number to strengthen the business and operational network of the company.

UHG Holdings IFSC Private Limited has been incorporated with the objective to purchase, lease, sub-lease, charter, hire, own, and operate aircrafts, ships, ocean vessels, and other modes of transportation under applicable IFSC regulations. The target entity is a newly incorporated company with a nil turnover history. The incorporation is a joint venture involving UltraTech Cement Limited holding a 41% stake through 41,000 shares amounting to Rs. 4,10,000, Hindalco Industries Limited holding a 50% stake through 50,000 shares amounting to Rs. 5,00,000, and Grasim Industries Limited holding a 9% stake through 9,000 shares amounting to Rs. 90,000. Since Hindalco Industries and Grasim Industries belong to the promoter group, the transaction falls under related party transactions executed at arm’s length. The entity will seek necessary approvals from the International Financial Services Centres Authority (IFSCA).

UltraTech Cement, an Aditya Birla Group flagship company, is a prominent manufacturer of grey cement, white cement, and ready-mixed concrete (RMC). The company is among the largest cement producers globally outside of China. Recent strategic updates involve aggressive expansion across Northern and Western markets, following successful integrations of major assets like The India Cements Limited and Kesoram Industries Limited. UltraTech targets reaching a total cement production capacity between 240 to 245 million tonnes by fiscal year 2029. Furthermore, the company achieved a major sustainability milestone by commissioning over 1 Gigawatt of captive renewable energy capacity.

During the financial year 2025-26, UltraTech Cement reported a record annual consolidated net sales of Rs. 87,384 crores, representing a 17% increase over the previous fiscal year. Consolidated profit after tax before exceptional items surged by 36% to Rs. 8,305 crores, crossing the Rs. 8,000 crore threshold for the first time in corporate history. For the final quarter of FY26, the company posted consolidated net sales of Rs. 25,467 crores and a normalized quarterly profit after tax of Rs. 3,011 crores. Backed by strong operational cash flows reaching Rs. 14,398 crores, the Board of Directors recommended a special dividend of Rs. 240 per equity share. Prominent promoter entities like Grasim Industries hold significant controlling stakes in the company.