- Novelis Inc, subsidiary of Hindalco Industries Limited, recorded net sales at $5.1 billion in Q1FY23, increasing 32% compared to $3.9 billion in the year-ago period.
- Adjusted EBITDA of the company increased 1% to a record $561 million in the Q1FY23, compared to $555 million in the year-ago period.
- “With the first mover capacity expansion plans to support growing demand for innovative and sustainable aluminum solutions, Novelis will continue to lead the aluminum industry,” said Steve Fisher, President and CEO.
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