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UltraTech Cement has established UHG Holdings IFSC Private Limited, investing 0.041 Cr for a 41% stake. This new associate, incorporated in Gujarat's GIFT City, aims to significantly bolster UltraTech's operational network. UHG Holdings will acquire and manage transportation assets like aircraft and ships, driving enhanced logistics efficiency and business connectivity for UltraTech's extensive cement operations. This strategic move, co-invested with Hindalco and Grasim, underscores a focus on strengthening internal capabilities.