The Bucharest Stock Exchange (BVB) said it will include aluminum producer Alro into its benchmark BET index as of March 18, increasing the number of constituent companies to 16.

The company will also join the BET-TR, the total return version of the BET, BVB said.

Thus, Alro becomes the first Romanian aluminum producer that is member of the two indices, which brings fresh diversification of the sectors represented.

Alro was put on the watchlist for a possible promotion to the BET and BET-TR indices by BVB’s index committee in September.

The company’s shares started trading on the BVB in 1997. Alro currently has market capitalization of approximately 1.67 billion lei ($399 million/352 million euro).