India, the world's second-biggest importer of refined copper, may have to source 91 per cent-97 per cent of its copper concentrate requirements from overseas by 2047
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Aditya Birla Group firm Hindalco Industries on Friday said a fire broke out at its plant in New York and there were no injuries. The company's plant in Oswego, New York is of its US subsidiary Novelis. This is the second incident of fire at the company's plant in a little over two months. "There was incident of fire at the Novelis Plant in Oswego, New York on November 20, 2025, at around 8.45 a.m. (EDT)," Hindalco said in a filing to BSE. Everyone working at the plant was safely evacuated and fortunately, there were no injuries, the company said. Multiple local fire departments responded, and the fire is now out, it said, adding, "crews remain on site to monitor". Earlier, Hindalco Industries had said that the production at its plant in New York had been halted following a fire incident on September 16. The company had said it was investigating the cause of the fire and determining the impact on its operations. "There was a fire incident at the Novelis Plant in Oswego, New York
Hindalco shares declined on Friday after reports pointed to a fire incident at Novelis' Oswego plant in the US.
Hindalco Industries reported a 21.3% rise in consolidated net profit to Rs 4,741 crore in Q2FY26, driven by aluminium business gains and Novelis' strong performance despite challenges
Hindalco's profit surge was driven by a strong performance by its India business, and a resilient performance by its global subsidiary, Novelis, the company said
Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by $550-650 million due to a fire incident at its plant in New York in September.
Thus far in the calendar year 2025, Hindalco (up 44%) and SBI Life (up 37%) have outperformed the BSE Sensex, which rallied 7.7%.
In the past one month, Hindalco has outperformed the market by gaining 11 per cent, as compared to 3.4 per cent rise in the BSE Sensex; here are the key reasons behind the rally.
Hindalco stock rose 2% on Friday. Looking ahead, the management expects the company's integrated business model, strategic investments and cost discipline to help deliver sustained growth.
After a flat performance over the past 12 months (up just 3.85%), analysts see Hindalco stock set for a rebound, supported by a combination of commodity dynamics and company-specific factors.
Hindalco Industries on Thursday said production at its plant in New York has been halted following a fire accident. The company added that it is investigating the cause of the fire and determining the impact on its operations. In a filing to BSE, Hindalco Industries said, "There was a fire incident at the Novelis Plant in Oswego, New York, on September 16, 2025, at around 10 p.m. (EDT) [ September 17, 2025, at 7:30 a.m.IST]." Novelis Inc is the subsidiary of Hindalco Industries. "The plant is insured for property damage and business interruption losses related to such events, subject to deductibles and policy limits," the company said, adding that further updates will be provided in due course. Novelis is a leading producer of flat-rolled aluminum products and a recycler of aluminum.
Hindalco share price: With steady quality, value, and momentum, Hindalco share presents a consistent and resilient investment choice.
At its AGM, Hindalco unveiled a $10 billion investment plan over five years to expand aluminium, copper and alumina operations, with its Dahej smelter set to become the largest outside China
Hindalco stock jumped 6% on Wednesday after the company delivered robust results driven by a strong performance by the India business, and a resilient performance by Novelis.
50% US tariffs on aluminium exports may impact Novelis
Novelis believes this $60 million tariff impact can be mitigated through increased US (local) production, customer pass-throughs, and cost takeout programmes
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The acquisition will boost Hindalco's North American presence and global alumina capacity as it eyes 1 million tonnes by FY30 through innovation and sustainability
Hindalco to acquire 100% equity in US-based specialty alumina maker AluChem for $125 million through Aditya Holdings LLC, aiming to double global alumina capacity by FY30