NALCO cuts domestic aluminium price

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.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.