NALCO hikes aluminium prices by Rs1,500 per tonne-news03022012

India's state-run National Aluminium Co (NALCO) raised prices by Rs1,500 ($30.5) per tonne for all products, said Ansuman Das, commercial director at the metal producer.

It raised prices in tandem with overseas markets, he said. The basic price of standard aluminium ingots after the latest revision increased to Rs142,200 per tonne.

NALCO had last month offered a discount of Rs1,500  per tonne on major categories of its aluminium products, which was effective until February 29.
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