Form: 3/A

Initial statement of beneficial ownership of securities

March 23, 2006

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Chandran Clarence J
(Last) (First) (Middle)
3399 PEACHTREE ROAD, NE
SUITE 1500
(Street)
ATLANTA GA 30326
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/27/2006 		3. Issuer Name and Ticker or Trading Symbol
Novelis Inc. [ NVL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
03/09/2006
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares(1) 800 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units (2) (2) Common Shares 6,795.9282(2) (3) D
Explanation of Responses:
1. Issuer lost its foreign private issuer status as of February 27, 2006 and therefore became subject to Section 16 of the Securities Exchange Act of 1934.
2. Each share of phantom stock issuable under the issuer's Deferred Share Unit Plan for Non-Executive Directors ("DSU Plan") is the economic equivalent of one share of common shares and the balance is the amount that has been credited to the reporting person's account up to the date of becoming subject to Section 16. The shares of phantom stock become payable, in cash or common shares, at the election of the reporting person, upon the report person's termination of service as a director. Such payment will be made under the rules of the DSU Plan.
3. At distribution date, if cash is elected, the price per unit paid will be the market price of the issuer's common shares at the date of distribution (computed in accordance with the terms of the DSU Plan) multiplied by the number of phantom units. If common shares are elected, each phantom unit will be converted into an issuer common share with fractional shares being paid in cash.
Remarks:
/s/ Christopher Courts, Attorney-in-Fact 03/23/2006
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.