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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..