The profit decline stemmed mainly from ₹6,963 crore in one-off expenses linked to the Oswego plant disruption in New York last year. Operations of Novelis, a key supplier of rolled aluminium to can makers and auto companies, were affected by the fire. For the full story, visit the source.
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Hindalco profit slumps on heat from Novelis fire
The profit decline stemmed mainly from ₹6,963 crore in one-off expenses linked to the Oswego plant disruption in New York last year. Operations of Novelis, a key supplier of rolled aluminium to can makers and auto companies, were affected by the fire.
By Dipali Banka· Livemint· 6 days ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint