Hindalco Industries has shared an update on the fire incident that occurred at its subsidiary Novelis’ Oswego plant in New York on September 16, 2025. The company has provided details regarding the financial impact, recovery plans, and restoration timeline following the event.
According to the company’s disclosure, Novelis recognized around $21 million in related charges during Q2FY26, with an estimated negative free cash flow impact of about $550–650 million for FY2026. This includes an Adjusted EBITDA impact of roughly $100–150 million.
However, the company expects to recover nearly 70–80% of the losses through insurance claims over the coming periods, which will help mitigate part of the financial impact.
Hindalco further stated that extensive restoration work is underway to bring operations back to normal. The Hot Mill is expected to restart by the end of December 2025, followed by a 4–6 week production ramp-up period.
In the meantime, Hindalco Industries’ shares ended Tuesday’s session lower, closing at ₹830.85 on the NSE. The stock opened at ₹841.55 and touched an intraday high of ₹847.00 before slipping to a low of ₹829.25. Hindalco’s 52-week range stands between ₹546.45 and ₹864.00.
