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OSWEGO PLANT
Novelis targets debt reduction as it aims to bring leverage below 4xBy fiscal year-end, Novelis expects its net leverage ratio to fall beneath four times, as they wind down their peak capital expenditure eff...- Hindalco lines up potential Rs 1 lakh cr investment in IndiaHindalco Industries plans a substantial Rs 50,000 crore investment over three years. An additional Rs 50,000 crore in growth opportunities ...
- Hindalco sees 5% rise in raw material costs, stays confident on key customersHindalco anticipates a 5% rise in raw material costs. The company is confident in keeping clients like Ford Motor Company. Subsidiary Novel...
- Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages saidHindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% r...
- Hindalco's India segment shines as profit and revenue hit record highsHindalco Industries achieved its highest ever revenue and profit for India operations in the March quarter. The company's India business de...
- Hindalco Q4 Results: Profit falls 51% YoY to Rs 2,597 crore; co declares Rs 5 dividendHindalco Q4 Results: Hindalco on Friday reported a 51% year-on-year (YoY) decline in its consolidated net profit at Rs 2,597 crore in the f...
- Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net lossHindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash...
- US rejects aluminum tariff relief request from Ford, WSJ reportsThe U.S. government has rejected requests from Ford Motor and other automakers for relief from aluminum tariffs, despite supply disruptions...
- Hindalco shares in focus as US govt shutdown delays $125 million AluChem deal processHindalco Industries said the CFIUS review of its proposed acquisition of AluChem Companies has been temporarily suspended due to a partial ...
- Trial by fire: Novelis may see bigger cash flow hitIn the wake of a second devastating fire at its Oswego facility, Novelis Inc. has revised its expectations dramatically, now forecasting a ...
- Hindalco shares in focus as Novelis’ Oswego fires delay restart, dent Rs 14,000 crore cash flowsHindalco shares may face pressure after Novelis delayed the restart of its Oswego plant following fire incidents, impacting around Rs 14,40...
- Novelis holding company gets $800 million five-year loanNovelis' holding company has secured an $800 million loan. This funding will support equity infusion into Novelis. The capital is needed du...
- Fire breaks out at Hindalco's New York plant, second time in over two monthsA fire occurred at Hindalco Industries' Novelis plant in New York. This is the second fire incident at the plant in just over two months. F...
- Hindalco shares fall 3% after US unit Novelis reports second fire in two monthsHindalco Industries shares fell after a fire at its US subsidiary Novelis' Oswego plant. This is the second fire at the plant in two months...
- Hindalco to infuse $750 million equity into US unit NovelisHindalco Industries will infuse $750 million equity and raise debt to support its US arm Novelis after a fire hit its Oswego unit. The fund...
- Hindalco sees up to $650 million impact from fire at Novelis Plant in USA fire at Hindalco's Novelis aluminium recycling plant in New York will affect its cash flow. The impact is projected to be between $550 mi...
- Novelis expects cash flow impact of up to $650 mn from Oswego fireNovelis anticipates a $550-$650 million negative impact on free cash flows this fiscal due to a September fire at its Oswego unit. The comp...
- Novelis Q2 net income rises 27% YoY to $163 million on higher aluminium pricesNovelis Inc., a Hindalco subsidiary, reported a 27% year-on-year net income growth to $163 million for the September quarter, despite a fir...
- Fire at Ford supplier set to disrupt business for months: ReportA fire at Novelis' Oswego plant, a key supplier of aluminum to Ford and other automakers, will cause disruptions for months. Ford is expect...
- Fire at Hindalco's Novelis plant in New York; production haltedHindalco Industries announced a halt in production at its Novelis plant in Oswego, New York, following a fire on September 16, 2025. The co...
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