Whalesbook
Shares of Hindalco Industries Ltd. fell following reports of another fire at its subsidiary Novelis' Oswego plant last month, adding to a major incident in September. Novelis projects a significant financial impact of $550-650 million in cash flow and $100-150 million in EBITDA. While Hindalco anticipates substantial insurance recovery and Novelis plans to restart operations by December, the incidents cast a shadow despite Hindalco's strong standalone September quarter results.