MoneyWorks4Me

State-run National Aluminium Company (Nalco), one of India's leading producers and exporters of alumina and aluminium is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province. Indian firms including Nalco are also interested in investing in geothermal power, railways and cement production in Southeast Asia's biggest economy.

Recently, NALCO has decided to offer a discount of Rs 2,000 per tonne across all categories of its products. A week ago the company has slashed prices by Rs 5,000 per tonne but now the company has not revised the basic prices and it has only offered a discount with immediate effect until June 30. Both the moves were promoted by the changes in the London Metal Exchange (LME) rates.

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