Athira Sethu
Kochi, 30 March 2026
Indian aluminium sector companies’ shares, such as Hindalco Industries, NALCO, and Vedanta Limited, have increased on Monday, March 30.
This increase occurred following an attack on two aluminium plants in the Middle East by Iranian missiles and drones on March 28, 2026. The attacked plants were Emirates Global Aluminium’s Al Taweelah smelter and Aluminium Bahrain’s (Alba) plant. The plants were seriously damaged. Currently, the companies are assessing the extent of the damage.
Stock Performance
- Hindalco’s shares have increased by 3.02%, reaching Rs 892 (11.55 AM IST)
- Vedanta’s shares have increased by 2.24%, reaching Rs 663.
- NALCO’s shares have recorded the highest increase at 4.7%, reaching Rs 389.
This attack is yet another challenge for the Middle East’s aluminium sector. Currently, there is a challenge in transporting products due to the almost closed Strait of Hormuz, which is used for export. The attacked plants will also take time to be repaired.
Why Aluminium is Important
Aluminium is needed for various things such as cars, buildings, and solar panels. The Middle East accounts for 9% of the total aluminium produced in the world. Due to the attacks and the difficulties in shipping the aluminium, the supply is now low. This has caused the prices to rise globally.
Impact on Indian Companies
Experts have stated that the reduced aluminium supply from the Middle East will cause the prices to rise globally. Companies such as Hindalco, Vedanta, and NALCO in India sell most of their aluminium at global prices. Therefore, this rise in prices will benefit these companies. The companies will gain because the prices will rise. There might be some additional costs for the companies in terms of energy and transport. However, the overall impact will be positive. The reduced supply might also provide new business opportunities for the companies.
Future of Aluminium Stocks
Analysts have stated that the aluminium stocks in India rise when the supply is reduced globally. Therefore, if the prices remain high, the aluminium stocks in India will rise in the coming months.
