Vedanta Aluminium Secures $1.6B Loan to Refinance Debt Post-Demerger

Published: Aug 06, 2026 14:39 (GMT+8)

Save

[SMM Aluminum Express News] Vedanta Aluminium has secured a ₹13,500 crore (approximately US$1.6 billion) syndicated bank loan to refinance debt inherited following the group's demerger, strengthening the company's long-term capital structure. The loan carries tenors of 6.5 to 7 years with interest rates of 7.9%–8.0%, and was arranged by a consortium of lenders including Axis Bank, HDFC Bank and ICICI Bank. The refinancing follows Vedanta Aluminium's separation into an independently listed company and is intended to replace existing debt transferred under the demerger, rather than fund new capital expenditure. The transaction is expected to improve the maturity profile of the company's borrowings while supporting its standalone operations after the restructuring.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Oct 02, 2026 10:52 (GMT+8)

[SMM Flash News] South32 Revised Q4 '26 CIF MJP Premium Offer at US$265/mt

Market sources report: South32 revised Q4 '26 CIF MJP Premium Offer at US$265/mt, down from US$325/mt. Validity 5 October 2026.

Oct 02, 2026 10:52 (GMT+8)

Oct 01, 2026 17:48 (GMT+8)

India ADC 12 Holds Firm as LME Aluminium Falls; Tight Scrap Supply Limits Downside

India ADC 12 prices remained relatively resilient despite a 1.2% decline in LME aluminium 3-month prices between September 24 and 30.

Oct 01, 2026 17:48 (GMT+8)

Oct 01, 2026 17:09 (GMT+8)

Rio Tinto Secures Bell Bay Smelter Operations Through End-2031

Rio Tinto announced on October 1 that it had reached agreements with the Tasmanian Government, the Australian Commonwealth Government and Hydro Tasmania to extend electricity supply to the Bell Bay aluminium smelter through the end of 2031. The two governments will also provide a combined A$200 million support package over five years, contributing A$100 million each. Commercial terms of the power agreement were not disclosed. Bell Bay produces around 190,000 tonnes of primary aluminium annually, while its existing electricity contract was due to expire at the end of 2026. The agreement removes the smelter’s immediate operational uncertainty. Bell Bay is the third major Australian aluminium smelter to receive government-backed support in 2026, following Boyne and Tomago, highlighting continued pressure from high electricity costs and international competition.

Oct 01, 2026 17:09 (GMT+8)