India NALCO Issues Tender to Export 7,500 T Aluminium

BHUBANESWAR, India, July 20 -- India's state-run National Aluminium Co Ltd <NALU.BO> issued a tender to export 7,500 tonnes of aluminium ingots, a company source said on Monday.

The last date for bids to be submitted is July 27, the source, who is close to the tendering process but could not be named due to company policy, told Reuters.

NALCO, whose tenders serve as an international benchmark, earlier this month sold aluminium ingots at a premium of $92.50 a tonne, over the average LME cash price on a cost, insurance and freight basis.