Novelis’ second quarter net profit rises 27% year over year to $163 million on higher aluminum prices

Novelis expects its cash flows to be negatively impacted by $550-$650 million during the current fiscal year as a result of the fire at its Oswego, New York facility in September. This includes adjusted earnings before interest, taxes, depreciation and amortization of $100 – $150 million.The subsidiary of India’s Hindalco Industries will restart this hot […]