Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessCompaniesHindalco sees up to $650 million impact from fire at US unit

    Hindalco sees up to $650 million impact from fire at US unit

    The hot mill at the plant is expected to restart by December end of this year followed by a 4-6 week of production ramp-up, the company added

    Reuters
    November 05, 2025 / 12:46 IST
    The miner is due to report second-quarter results on November 7

    India's Hindalco said on Wednesday that a fire at the New York plant of its US unit Novelis will hit the miner's 2026 cash flow by $550 million to $650 million.

    Novelis booked a $21 million charge in the second quarter tied to the incident that occurred in September, and posted a 27% rise in consolidated net profit, the world's largest recycler of aluminum said on Tuesday.

    Hindalco said earlier that no one was injured in the incident and the blaze was contained to the hot mill, which is expected to restart by end-December, followed by a four-to six-week ramp-up.

    The Indian miner is due to report second-quarter results on November 7.

    Reuters
    first published: Nov 5, 2025 12:40 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347