India's Hindalco drops after fire breaks out at unit Novelis' US plant

HindalCo Industries

21/11/2025 04:26

** 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%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))