Hindalco

Novelis lifted the Oswego cash impact to 1.3 to 1.6 billion dollars, nearly doubling Hindalco's consolidated net debt to about 64,800 crore rupees by March 2026.

The plant can make 500,000 frames and forks, 750,000 handlebars and 800,000 pairs of wheel rims a year, part of a push into higher value added aluminium products.

Iran's Hormuz blockade and BIS import certification norms tightened supply simultaneously from early 2026. Beer makers face a shortfall of 120-130 million 500ml cans this season versus last year's supply levels. Domestic manufacturing capacity is running 20% below current market demand. Hindalco emerges as the structural beneficiary as beverage companies are forced to prioritise domestic sourcing.