Mumbai, Nov. 6 -- The company disclosed in a regulatory filing that the incident, which occurred on 16 September 2025, may also result in an adjusted EBITDA hit of $100-150 million for the fiscal year. Hindalco said it has recognized $21 million in related charges in Q2 FY26, though it expects 70-80% of the losses to be recoverable through insurance in future periods.

According to the filing, the fire was primarily localized to the plant's hot mill area, and no injuries were reported. Teams have been working around the clock to restore operations quickly and safely while leveraging alternative resources to minimize customer disruption. Based on current progress, Novelis expects to restart the hot mill by December 2025, followed by a 4-6 ...