National Aluminium Company rose 4.14%, while Hindalco Industries gained 2.65%, tracking a spike in international metal prices.
Aluminium prices on the London Metal Exchange approached four-year highs on Monday. The rally was triggered after Iranian attacks over the weekend damaged key aluminium production facilities in the Gulf region.
Emirates Global Aluminium and Aluminium Bahrain, two of the Middle East’s largest aluminium producers, are currently assessing the extent of damage to their smelters. Aluminium Bahrain confirmed that its facility was hit in an attack on 28 March 2026, resulting in minor injuries to two employees, while damage assessments are ongoing.
The disruption has raised concerns over global supply, particularly as Gulf producers account for roughly 9% of worldwide aluminium output. Shipping constraints have further intensified the situation, with exports from the region affected due to tensions around the Strait of Hormuz amid the ongoing conflict involving Iran.
The sharp rise in global aluminium prices is seen as a positive trigger for Indian metal producers, as higher realisations could support margins in the near term, even as geopolitical risks continue to drive volatility in commodity markets.