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The Economic Times

Economy / The Economic Times

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Hindalco to infuse about $250 million more into Novelis

Hindalco Industries will invest an additional $200-250 million in its subsidiary Novelis. This follows two fires at Novelis' Oswego unit. The company has already invested $750 million. This new funding will support Novelis' working capital and operational needs over the next six to eight months. Hindalco's India operations performed strongly, offsetting losses at Novelis.

12 Feb 2026 11:49 pm