Vedanta Aluminium and CBI Partner for MSME Collateral-Free Loans

11 Jun 2025 CW Team

Vedanta Aluminium has partnered with the Central Bank of India (CBI) to offer collateral-free working capital financing to customers, particularly Micro, Small, and Medium Enterprises (MSMEs), through its subsidiary Bharat Aluminium Company (BALCO). The initiative aims to strengthen India’s downstream metal sector by providing easy access to low-interest loans with minimal documentation.

The scheme will be integrated into Vedanta Metal Bazaar—Vedanta Aluminium’s e-superstore for aluminium products—enabling digital loan disbursal, real-time invoice tracking, lien marking, and automated coordination.

The collaboration expands Vedanta Aluminium’s existing customer financing ecosystem, which already supports over 100 customers across four financial partners. With the addition of CBI’s national network, access to affordable credit is expected to grow significantly.

Loan amounts will range from Rs 1 million to Rs 100 million, with higher limits available based on business turnover and BALCO recommendations. The financing offers a standard 90-day repayment cycle with a 15-day grace period and one of the lowest industry interest rates.

“Our partnership with Central Bank of India marks a pivotal step in strengthening the aluminium value chain by making working capital more accessible and affordable for MSMEs who form the backbone of India’s manufacturing and industrial ecosystem,” said Rajiv Kumar, CEO of Vedanta Aluminium.

Vedanta Metal Bazaar, which hosts more than 750 aluminium product variants, also features AI-based price discovery and tailored solutions. It is accessible via the web and mobile app.

Vedanta Aluminium, a business of Vedanta, produced 2.42 million tonnes of aluminium in FY25 and ranks second globally in the S&P Global Corporate Sustainability Assessment 2024 for the aluminium sector.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..