Novelis starts first Bay Minette coil as Hindalco stock sits 23.64 percent below high

Published on 10/09/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue reached INR 848.25 billion, up 32.00 percent year over year. Hindalco stock sits 23.64 percent below its INR 1,176.00 high.

Novelis produced the first aluminum coil at its USD 5.0 billion Bay Minette facility on October 8, 2026.
The plant is designed to add 600 kilotonnes of annual rolled aluminum capacity once fully operational.
Hindalco stock was INR 898.00 on October 9, 2026, up 0.88 percent from INR 890.15 and 23.64 percent below its 52-week high.
Hindalco reported Q1 FY27 revenue of INR 848.25 billion, up 32.00 percent year over year.
NSE lists November 6, 2026, for Hindalco's next financial-results meeting.

Hindalco, INE038A01020, Illustration mit AI erstellt.

Novelis produced the first aluminum coil at its Bay Minette plant on October 8, 2026, while Hindalco stock was INR 898.00, 23.64 percent below the INR 1,176.00 52-week high. TradeBrains reported the milestone on October 8, 2026, as the facility moves toward commercial shipments in the second quarter of 2027.

Bay Minette adds 600 kilotonnes

The Bay Minette project carries a USD 5.0 billion investment and is designed to add 600 kilotonnes of annual rolled aluminum capacity when fully operational, according to TradeBrains on October 8, 2026. The first-coil milestone shifts the project from construction toward customer qualification and production ramp-up.

What do the latest results show?

Hindalco reported consolidated Q1 FY27 revenue of INR 848.25 billion, up 32.00 percent year over year, while consolidated profit after tax reached INR 70.13 billion, up 75.10 percent, according to Sahi on August 7, 2026. The comparison is important because the latest quarter combined higher revenue with a much faster increase in profit, giving the Bay Minette ramp-up a stronger earnings backdrop.

Three dated operating milestones

On March 31, 2026, Hindalco reported Q4 FY26 revenue of INR 781.33 billion. On August 7, 2026, Q1 FY27 revenue reached INR 848.25 billion and profit after tax reached INR 70.13 billion, according to Sahi. On October 8, 2026, Novelis produced the first coil at Bay Minette, according to TradeBrains.

Next date is November 6

The next substantiated company date is November 6, 2026, when Hindalco's board is scheduled to consider unaudited standalone and consolidated financial results, according to NSE India. That report should provide the next quantified test of revenue growth, profit conversion and the contribution expected from Novelis projects.

Hindalco stock stays below its high

Hindalco stock was trading at INR 898.00 on NSE on October 9, 2026, at 3:15 p.m. IST, up 0.88 percent from the prior close of INR 890.15. The stock's 52-week range was INR 754.45 to INR 1,176.00 on NSE, while market capitalization was INR 2.0 trillion at the same market-data snapshot.