Novelis Restarts Oswego Hot Mill Following Incident; Subsidiary of Hindalco Reports $18.4 Billion Net Sales

Novelis Restarts Oswego Hot Mill Following Incident; Subsidiary of Hindalco Reports $18.4 Billion Net Sales​

Novelis Inc., a subsidiary of Hindalco Industries Limited, announced the restart of its hot mill at the Oswego facility in New York. The resumption of operations marks an important step for the company and its customers, following a previous fire incident at the site.

As a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, Novelis is ramping up supply through the operational hot mill. The company stated that it is working closely with customers to increase the flow of product.

During the recent outage period, Novelis mobilized its global network of hot mills and finishing operations. Teams across various regions worked in coordination with industry partners and customers to ensure supply continuity.

Novelis plans further enhancements to strengthen its operational capabilities. The company confirmed it is accelerating the implementation of a standardized operating system designed to deliver dependable supply and high-quality products worldwide.

Steve Fisher, president and CEO of Novelis Inc., commented on the event, stating that the restart was crucial for operations and customers. He expressed gratitude for the flexibility demonstrated by customers, as well as the efforts of employees, suppliers, and industry peers who supported continuous supply.

Novelis also acknowledged the Oswego community for its support throughout the recovery process, reaffirming its commitment to being a trusted employer and local partner in the region.

Company Snapshot​

Novelis Inc. is recognized globally as the world's largest recycler of aluminum. The company aims to be the leading provider of low-carbon, sustainable aluminum solutions and strives toward achieving a fully circular economy.

Financial details provided noted that Novelis recorded net sales of $18.4 billion in fiscal year 2026. Novelis operates as a subsidiary of Hindalco Industries Limited, an industry leader in both aluminum and copper, and is part of the Aditya Birla Group.

HINDALCO Stock Price Movement​

Hindalco Industries Limited shares today slipped by 3.41% in the closed market, settling at ₹1039.3. The stock absorbed a volume of 8.05 million shares as it declined, continuing its weaker performance throughout the day.