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India's NALCO sells aluminium at $242/T premium

BHUBANESWAR, Oct 4 (Reuters) - India's state-run National Aluminium Co (NALCO) has sold 3,000 tonnes of aluminium ingots at $242 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis, two company sources said on Thursday.

The metal will be shipped to the Singapore-based buyer in six batches of 500 tonnes each from November to April.

NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminium ingots at close to $223 per tonne premium over the average LME cash price on CIF basis to a European buyer in July.

(Reporting by Jatindra Dash; Editing by Jijo Jacob)

((siddesh.mayenkar@thomsonreuters.com)(+91-22-61807163)(Reuters

Messaging: siddesh.mayenkar.thomsonreuters.com@reuters.net))

Keywords: NALCO TENDER/