How it started
Company history
The company was incorporated in 2004 after being spun off from Alcan, a Canadian mining and aluminum manufacturer now Rio Tinto Alcan. In 2007 the company was acquired by Hindalco Industries for $6 billion, itself a subsidiary of the Aditya Birla Group.
In May 2024, Novelis filed its registration statement for a proposed IPO, but it withdrew its plans in October of the same year. In March 2025, Novelis announced closure of its operation in Fairmont, West Virginia, at a 100-year old production plant.
From Wikipedia’s article on Novelis, shared under CC BY-SA 4.0.2