VERIFIEDEconomic Times News·26 May 2026positive

Hindalco to deliver a robust show, Novelis will turn around in FY27: Satish Pai

AI Summary

·Hindalco's managing director expects a stronger performance this fiscal year due to high aluminium prices expected until late 2026.
·The company's US subsidiary, Novelis, is projected to achieve a turnaround in FY27.
·Novelis's turnaround is attributed to operational restarts and new facilities, enabling deleveraging from FY28.