Hindalco updates on Novelis Oswego plant fire, completes acquisition

Hindalco Industries has provided an update on the fire incident at the Novelis Inc. plant in Oswego, New York, which occurred on September 16, 2025. Extensive restoration efforts are underway, with the Hot Mill expected to restart by late December 2025, followed by a 4-6 week production ramp-up.

Separately, Hindalco announced the acquisition of a 100% equity stake in EMIL Mines and Mineral Resources Limited (EMMRL), a wholly owned subsidiary of Essel Mining & Industries Limited (EMIL). The Share Purchase Agreement was signed on October 24, 2025, and the acquisition is expected to be completed by November 30, 2025. Upon completion, EMMRL will become a wholly owned subsidiary of Hindalco Industries.