Hindalco Industries Ltd announced on November 5, 2025, that a fire at its US subsidiary Novelis Inc.'s plant in Oswego

announced on November 5, 2025, that a fire at its US subsidiary Novelis Inc.'s plant in Oswego, New York, is expected to impact its cash flow by approximately $550 million to $650 million (about ₹4,480 crore to ₹5,290 crore) for FY26. The fire caused significant operational disruptions, particularly in the hot mill section, with the company aiming to restart the mill by the end of December 2025. Insurance coverage is expected to cover 70-80% of the losses, which include an estimated $100–$150 million reduction in adjusted EBITDA and additional costs of around $21 million for the restoration process. Despite these setbacks, Hindalco remains optimistic about its long-term prospects, citing ongoing recovery efforts and the company's strong financial position.