India: Hindalco, Balco cut aluminium ingot prices by up to INR 5,000/t ($57)

India's primary aluminium producers reduced ingot (P1020, 99.7%) prices by up to INR 5,000/t ($57/t) compared to 14 Oct'25. Post-revision, Hindalco's prices are at INR 277,250/t ($3,140/t), down by INR 5,000/t ($57/t), while Balco's are at INR 279,000/t ($3,160/t), down by INR 4,000/t ($45/t). All prices are ex-works, excluding GST. At the time of reporting, aluminium futures on the LME stood at $2,754/t, showing a 1% decline d-o-d.