Hindalco Industries Limited — Updates, 19-05-2026: Press Release

Novelis posted full-year net income of $1.5 Cr ($15 million), hit by $92.5 Cr ($925 million) Oswego plant fire losses. Oswego restarts ahead of schedule; Bay Minette progresses. Net leverage is 4.1x, with free cash flow positive by year-end. Cost savings target raised to $35-40 Cr ($350-400 million).