India's Hindalco drops after fire breaks out at unit Novelis' US plant
ReutersNov 21, 2025 4:26 AM
Shares of Hindalco Industries HALC.NS fall 2.5% to 780 rupees
A fire broke out at co's unit Novelis' aluminum plant in Oswego, New York on November 21
Novelis contributes about 60% to Hindalco's top-line
Novelis booked a $21 million charge in the second quarter due to a fire mishap in September that halted production
Plant supplies to Ford's lucrative F-150 truck line
HALC rated "hold" on avg by 28 analysts covering it; median PT at 839 rupees- data compiled by LSEG
YTD, HALC up ~30%
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