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Novelis sees bigger cash flow hit from Oswego fire, posts $84m loss
Novelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahead of schedule. Higher savings are expected from cost-reduction initiatives in the medium term. The net loss for the quarter was 84 million dollars. Rolled product shipments fell 12 percent year-on-year.
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economictimes.indiatimes.com
Novelis sees bigger cash flow hit from Oswego fire, posts $84m loss
Novelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahead of schedule. Higher savings are…
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manufacturingdive.com
Novelis aluminum plant to resume operations following fire damage
The company has started commissioning the Oswego, New York, plant and expects to ramp up hot mill production in the coming weeks. Disruptions have negatively affected automakers…
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Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net loss
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash flow hit from plant fires. The company…
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thehindubusinessline.com
Hindalco shares soar nearly 4%, brokerages divided on Novelis FY27 outlook after Q4 loss
Hindalco shares rise 4% amid mixed brokerage views on Novelis' FY27 outlook following a $84 million Q4 loss.
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Hindalco Q4 net halves on one-time expense of ₹4,171 cr at Novelis
Hindalco Industries, an Aditya Birla Group company, has reported that its net profit in the March quarter more than halved to ₹2,597 crore against ₹5,284 crore logged in the same…