Hindalco's Novelis Plant Engulfed by Fire AGAIN! Second Blaze in Weeks Raises Alarms for Investors – What's Next?

Overview

Hindalco Industries' US subsidiary, Novelis, has experienced a second fire at its New York plant within two months. Employees were safely evacuated and the fire is controlled. The previous incident in September led to estimated financial impacts of $550-650 million in free cash flow and $100-150 million in adjusted EBITDA. The extent of damage from the latest fire is currently unknown.