

Hindalco anticipates FY27 as a pivotal year for Novelis, aiming for copper self-sufficiency and significant capacity expansion.

Hindalco anticipates FY27 as a pivotal year for Novelis, aiming for copper self-sufficiency and significant capacity expansion.
Hindalco anticipates a 5% rise in raw material costs. The company is confident in keeping clients like Ford Motor Company. Subsidiary Novelis expects 2027 to be a key year for growth in aluminium can sheet production. Despite disruptions at Novelis' Oswego pl…

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.

Hindalco Industries, an Aditya Birla Group company, has reported that its net profit in the March quarter more than halved to ₹2,597 crore against ₹5,284 crore logged in the same period last year, largely due to one-time expense of ₹4,171 crore related to two…