HINDALCO

NY fire: $550–650M hit!

, Mining giant's aluminium recycling unit, Novelis, had a major fire at its New York plant in September. 💰 Cash flow hit: Yesterday, the company announced a US$550–650 million impact on FY26. 📉 Market reaction: Today, the stock is down >5%, reflecting investor concern over operational risks and global supply chain shocks. ⚡ Takeaway: Even fires, plant shutdowns, and global exposure can rattle markets instantly.