Bhubaneswar, April 3 (IANS) State-owned National Aluminium Company Ltd (NALCO) has decreased its domestic aluminium price by Rs.3,000 a tonne as the international price of the metal has come down, a company official said Wednesday.
This is the third time since the start of last month that the Bhubaneswar-headquartered NALCO has revised the price across all products because of the fluctuation of the aluminium price at the London Metal Exchange, the official told IANS.
The company which is India’s third largest aluminium producer last cut price by Rs.6,500 and Rs.2,000 March 1 and March 22, respectively, across all products.
NALCO produced 4.03 lakh tonnes of aluminium in 2012-13 fiscal. It has set a target to produce 4.05 lakh tonnes of aluminium in 2013-14.