State-run National Aluminium Co has raised aluminium prices by Rs 2,000 rupees per tonne (USD 43.6) across all products, Chairman and Managing Director BL Bagra said on Friday.
The price revision was effected in line with the increase in LME prices, he said.
"Last two days the metal price is recovering. We feel that next two to three months it will range between USD 2,300-2,500 per tonne. Yesterday it was USD 2,400," Bagra told Reuters.
The basic price of standard aluminium ingots after the latest revision has been increased to 139,700 rupees per tonne.
Nalco had last raised aluminium prices by Rs 5,000 at the start of August.
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