Hindalco reports a fire incident at the Novelis plant in Oswego; no injuries reported

Hindalco said on Wednesday that a fire incident was reported at the Novelis plant in Oswego, New York. According to an exchange filing, the fire began at 7:30 AM IST on Tuesday and was communicated to the company late on Tuesday.

No injuries were sustained resulting from the ensuing flames or the efforts to douse them. The fire was brought under control within four hours after it was first reported, the exchange filing added. Production at the plant is currently halted, as the company is investigating the cause of the fire and determining the extent of the impact on its operations.

Hindalco also apprised in the exchange filing that the plant is insured for property damage and business interruption losses related to such events, subject to deductibles and policy limits, and will provide further updates in due course.

Novelis, a subsidiary of Hindalco, is a producer of flat-rolled aluminium products and also recycles aluminium. The plant in Oswego is Novelis’s first operational facility in the U.S. and is the company’s largest, wholly-owned fabrication facility in North America. It produces more than a billion pounds of high-quality aluminium sheet each year, and serves the automotive, beverage can, and building and construction markets.

Hindalco, a flagship company of the Aditya Birla Group, capped off FY25 with its strongest financial performance to date, reporting record revenue, Ebitda, and profit both for the March quarter and the full year.

For the quarter ended March 31, 2025, Hindalco posted a consolidated revenue of ₹64,890 crore—up 16% year-on-year—while quarterly Ebitda surged 43% to ₹10,296 crore. Net profit for the quarter stood at ₹5,284 crore, up 66% from the previous year, driven by strong domestic performance and resilient global operations by subsidiary Novelis.

On a full-year basis, revenue touched an all-time high of ₹2,38,496 crore, a 10% increase over FY24. Ebitda grew 38% to ₹35,496 crore, and net profit rose by 58% to ₹16,002 crore.

Meanwhile, Novelis, Hindalco’s U.S.-based subsidiary, posted revenue of $4.6 billion in the fourth quarter, up 13% year-on-year. Though Ebitda declined 8% due to higher scrap prices and operating costs, net income rose 77% to $294 million on the back of favourable pricing and tax adjustments.

Hindalco shares were trading 0.34% lower on the BSE at ₹747.55 apiece.