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Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is alsoengaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.
Hindalco is expanding its Kuppam unit in Andhra Pradesh by 10 KTPA. This ₹768 Cr investment aims for growth and expansion, expected by FY2029. Funding will come from internal accruals and debt.
Hindalco Industries Limited has informed the Exchange about an update on fire incident at Oswego Plant of Novelis a wholly owned subsidiary
Hindalco's Novelis faced fires at Oswego, impacting Q3 shipments. Hot mill restart is expected late Q2 2026. Total free cash flow impact of ~$1.3-1.6 billion, 70-80% insurable. Hindalco infused $750 million. Bay Minette cold mill commissioning begins March 2026.
Hindalco's subsidiary Novelis experienced a fire at its Oswego, New York plant. All personnel were safely evacuated without injuries. The fire is now out, with crews monitoring the site. Potential operational disruption is anticipated, and further updates are awaited regarding the full impact.
Hindalco plans a 193KT capacity expansion at its Aditya Aluminium unit for ₹10,225 Cr by FY2029. This growth initiative, funded by internal accruals and debt, aims to boost production and meet future demand.