Vedanta Aluminium, India’s leading aluminium producer, has partnered with the Central Bank of India to provide collateral-free loans to its customers, particularly Micro, Small and Medium Enterprises (MSMEs), through its subsidiary, BALCO. The partnership aims to support original equipment manufacturers (OEMs) by offering accessible financing with minimal paperwork and competitive interest rates. Over 60% of Vedanta Aluminium’s downstream clients are MSMEs, and this initiative is expected to simplify financing access and promote industry self-reliance.
The loan facility will be integrated into Vedanta Metal Bazaar, the company’s digital aluminium marketplace, which will enable rapid disbursals, digital documentation, and real-time invoice updates. Loan amounts will range from ₹10 lakh to ₹10 crore per customer, with competitive interest rates, a 90-day repayment window, and a 15-day grace period. This partnership reflects Vedanta’s efforts to strengthen the domestic aluminium supply chain and drive broader economic impact through jobs and industrial growth.
Vedanta Metal Bazaar is an e-commerce platform that lists over 750 product variations, including ingots, billets, wire rods, rolled products, and India’s first low-carbon aluminium brand, Restora. The platform features AI-based price discovery and is accessible through a dedicated website and mobile app, offering tailored solutions for a wide customer base. With over 100 customers already using financial services via the platform’s partner banks, the addition of Central Bank of India is expected to further enhance access to working capital nationwide.
Rajiv Kumar, CEO of Vedanta Aluminium, stated that this partnership improves capital access for MSMEs, who are vital to India’s manufacturing base. The company produced 2.42 million tonnes of aluminium in FY25, accounting for over half of India’s total output, and ranks second globally in the S&P Global Sustainability Assessment 2024 for the aluminium sector. Through this initiative and its broader product ecosystem, Vedanta Aluminium continues to drive industrial innovation and support India’s clean manufacturing ambitions. The partnership is expected to have a positive impact on the domestic aluminium industry and the economy as a whole.