We assess UltraTech Cement Ltd.’s sustainability-linked financing framework as aligned with: Sustainability-Linked Bond Principles, ICMA, 2024 (SLBP); and Sustainability-Linked Loan Principles (SLLP), LMA/LSTA/APLMA, 2023 (SLLP). Incorporated in 2000 and based in Mumbai, India, UltraTech manufactures and sells grey cement, white cement, and ready-mix concrete. Its customer base covers individual home buildings, construction materials dealers, real estate developers, infrastructure companies, and institutional buyers.