Hindalco shares in focus as Novelis raises Oswego fire cash flow hit to $1.7 billion; firm optimistic ahea
- Posted on May 20, 2026
- By Business News Today
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Hindalco shares in focus as Novelis raises Oswego fire cash flow hit to $1.7 billion; firm optimistic ahea
Hindalco Industries' U.S. subsidiary Novelis reported a net loss of $84 million for the fourth quarter. The company plans to restart its Oswego hot mill earlier than expected. Despite a larger estimated cash flow impact from plant fires, Novelis anticipates higher cost savings and a return to positive free cash flow by the current financial year's end.
