Author: Drishya Yadav

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…