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NALCO Lowers India Aluminium Price - Source
May 5,2010 09:15CST
industry news
Source:SMM

BHUBANESWAR, India, May 5 -- State-run National Aluminium Co Ltd (NALU.BO: Quote) has reduced prices of its aluminium products for the domestic market by 3,000 rupees ($67.3) per tonne to bring them in line with LME, a company source said on Tuesday.

The basic price of standard aluminium ingots and standard aluminium sow ingots would now be 114,700 rupees per tonne, inclusive of flat discount, said the official who could not be named due to company policy.

NALCO is India's third-biggest aluminium maker and produced 431,000 tonnes of aluminium in the financial year ended in March. ($1=44.6 rupees)

 

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