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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 period last year, largely due to one-time expense of ₹4,171 crore related to two fire incidents at Novelis Oswego plant in the US last 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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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…
