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NALCO hikes aluminium prices by Rs.3,000 per tonne
26 April, 2011
The state-run National Aluminium Company Ltd (NALCO) has hiked
the price of its products by Rs.3,000 per tonne in the
domestic market in view of the increasing international prices
of aluminium, a senior company official said Monday.
The prices of all aluminium products have been increased to
keep the domestic price in line with the London Metal Exchange
aluminium prices, the official told IANS.
The basic price of standard aluminium ingots and standard
aluminium sow ingots would now be about Rs.148,200 per tonne,
This is the second hike in aluminium prices by the company
this month for the domestic market. Early this month, it had
increased prices by Rs.5,000 per tonne.
The Bhubaneswar-headquartered NALCO is India's third largest
producer of aluminium.
The company, which sells aluminium in both domestic and
international markets, recorded the highest-ever domestic
metal sale of 340,752 tonnes in 2010-11, surpassing the
previous highest of 289,032 tonnes in the previous fiscal.