UltraTech Cement Ltd has awarded a sole mandate to Sumitomo Mitsui Banking Corp for a syndicated loan, sources said.
One source said the deal size is between US$50m and US$100m. Timing of any potential syndication is not determined yet.
Ultra Tech Cement is part of the Aditya Birla Group. It is the country's largest cement maker, with a capacity of 48Mt which it is increasing to 62Mt by FY14.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...