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National Aluminium Co hikes aluminium prices by Rs 2,000/tonne
Edited by : AL CIRCLE
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India's third-largest aluminium producer National Aluminium Co Ltd (Nalco) has hiked aluminium prices by Rs 2,000 a tonne for all products in the domestic market, with effect from December 14, the Reuters reported Saturday, citing company sources.
The basic cost of standard aluminium ingots after the latest price revision rose to Rs 145,700 a tonne, the news agency quoted the sources as saying.
The company makes revisions in prices of aluminium from time to time to match up with the rates on London Metal Exchange.
Earlier, on December 1, NALCO hiked aluminium prices across all products by Rs 4,500 per tonne, the news agency had said, citing sources.
Aditya Birla Group's flagship firm Hindalco Industries Ltd is the largest producer of aluminium in India, with nearly 40% of the total installed capacity of 1.73 million tonne. Sterlite Industries India Ltd ranks the second largest domestic aluminium maker.
The basic cost of standard aluminium ingots after the latest price revision rose to Rs 145,700 a tonne, the news agency quoted the sources as saying.
The company makes revisions in prices of aluminium from time to time to match up with the rates on London Metal Exchange.
Earlier, on December 1, NALCO hiked aluminium prices across all products by Rs 4,500 per tonne, the news agency had said, citing sources.
Aditya Birla Group's flagship firm Hindalco Industries Ltd is the largest producer of aluminium in India, with nearly 40% of the total installed capacity of 1.73 million tonne. Sterlite Industries India Ltd ranks the second largest domestic aluminium maker.
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