Nalco raises aluminium prices

The basic price of standard aluminium ingots after the latest revision has increased to Rs 1,45,700 per tonne

State-run National Aluminium Co Ltd (Nalco) has raised aluminium prices by Rs 2,000 per tonne for all products in the domestic market, effective December 14, company sources said on Saturday.

The basic price of standard aluminium ingots after the latest revision increased to Rs 1,45,700 per tonne, said sources who declined to be identified, in line with company policy.

Nalco, India's third-largest producer of aluminium, revises product prices from time to time to mirror London Metal Exchange prices. It last raised aluminium prices across all products by Rs 4,500 per tonne on December 1.