Vedanta’s aluminium ingot price climbs by 1.27% to INR 218,500-231,500/t with effect from July 15
Vedanta has continued to raise its aluminium products price. With effect from Thursday, July 15 2021, the prices of some aluminium ingots have come in at INR 218,500-231,500 per tonne, up by INR 2,750 per tonne or 1.27% from INR 215,750-228,750 per tonne on July 14.
The billets price stands at INR 226,500 per tonne on Thursday, July 15 2021, reflecting a growth of increase of INR 2,750 per tonne from INR 223,750 per tonne on July 14.
The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2495 per tonne on July 15 from US$ 2509 per tonne on July 14.
Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at Jharsuguda in Odisha. It commands a 40% share in India's primary aluminium market.
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