A fire broke out at the Novelis Plant in Oswego, New York, a wholly owned subsidiary of Hindalco Industries Limited , on November 20, 2025. The incident, which occurred around 8:45 a.m. EDT (7:15 p.m. IST), prompted an immediate response from multiple local fire departments.

Key Developments

• Safety First: All workers at the plant were safely evacuated, with no injuries reported.
• Swift Response: Multiple local fire departments responded to the incident.
• Fire Contained: The fire has been successfully extinguished, with crews remaining on-site for monitoring.

Company Response

Hindalco Industries Limited, the parent company of Novelis, promptly informed the stock exchanges about the incident on November 21, 2025, in compliance with regulatory requirements. The company has committed to providing further updates as they become available.

Impact and Monitoring

While the immediate safety concerns have been addressed, the full impact of the fire on Novelis's operations remains to be assessed. Investors and stakeholders can stay informed through:

• Novelis Inc.'s website: https://novelis.com/oswego/
• Hindalco Industries Limited's website: www.hindalco.com

Stock Information

This incident underscores the importance of robust safety measures and emergency response protocols in industrial settings. As the situation develops, stakeholders will be keenly watching for any potential impact on Hindalco's operations and financial performance.

Hindalco Industries Limited continues to monitor the situation closely and has assured transparency in its communications regarding this incident.

Hindalco Industries , a leading aluminum and copper manufacturing company, has reported a robust financial performance for the second quarter of fiscal year 2026, along with significant expansion plans. The company's results demonstrate strong growth and strategic initiatives aimed at enhancing its production capacity.

Financial Highlights

Hindalco delivered a consolidated net profit of ₹4,741.00 crores in Q2 FY26, marking a substantial 21% year-on-year increase. The company's consolidated EBITDA also saw a healthy rise of 6%, reaching ₹9,104.00 crores. These figures underscore Hindalco's solid financial position and operational efficiency.

Let's take a closer look at the key financial metrics:

The company's revenue for the quarter stood at ₹66,772.00 crores, representing a significant 12.64% increase compared to the same quarter in the previous year. This growth in revenue reflects Hindalco's strong market position and increased demand for its products.

Expansion Plans

In a strategic move to bolster its production capabilities, Hindalco announced two major expansion initiatives:

1. Aditya Aluminium Smelter Expansion: The company revealed plans for Phase 2 expansion of the Aditya Aluminium Smelter, which will increase capacity by 180 Kt (Kilo tonnes). This expansion is expected to enhance Hindalco's aluminum production capabilities significantly.

2. Novelis Bay Minette Project: Hindalco has revised the cost estimate for its Novelis Bay Minette project to $5 billion. Despite the increased investment, the company maintains its commitment to keeping the consolidated net leverage target below 2x, indicating strong financial discipline.

Financial Stability

Hindalco's prudent financial management is evident in its ability to fund expansions while maintaining a healthy balance sheet. The company's focus on keeping the consolidated net leverage target below 2x demonstrates its commitment to financial stability and sustainable growth.

Outlook

The strong quarterly performance, coupled with ambitious expansion plans, positions Hindalco favorably for future growth. The increased production capacity from the Aditya Aluminium Smelter expansion and the strategic investment in the Novelis Bay Minette project are likely to strengthen the company's market position in the aluminum and copper sectors.

As global demand for aluminum continues to grow, particularly in sectors like automotive, packaging, and construction, Hindalco's expansion strategy appears well-timed to capitalize on these opportunities.