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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 foresees significant cost savings and aims for positive free cash flow by year-end. While sales rose, net loss widened, and debt levels climbed.
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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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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.