NALCO offers $30 discount on aluminium products

NALCO has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminium products,a company official said on Thursday.

Written by Agencies | Bhubaneshwar | Published: February 23, 2012 10:31 am

India’s public sector unit (PSU) National Aluminium Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminium products,a company official said on Thursday.

The latest move was prompted by changes in London Metal Exchange (LME) rates,said Ansuman Das,commercial director at NALCO.

The company has not revised basic prices but has only offered a discount on ingots,sows,billets and wire rods effective until Feb 29. The discount is not applicable for rolled products,Das said.

The company had raised prices by 2,000 rupees a tonne earlier this month.

($1=49.26 Indian Rupees)

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