Novelis Q4 sales dive 12 pc to $2.7 billion as commodity prices fall
May 08, 2020
Atlanta [USA], May 8 : Novelis Inc, a subsidiary of Aditya Birla-led Hindalco Industries, has reported 12 per cent year-on-year decline in net sales to 2.7 billion dollars for the fourth quarter of fiscal 2020 due to lower average LME aluminum prices and local market premiums, and a 7 per cent decline in shipments.