Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by USD 550-650 million due to fire incident at its plant in New York in September.
This includes USD 100-150 million impact in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), according to a regulatory filing.
A company’s free cash flow, accounted after deducting capital as well as operating expenses, is meant for discretionary spending.
Novelis is a subsidiary of Hindalco Industries Ltd, which is the metals flagship company of the Indian multinational conglomerate, the Aditya Birla Group.
In a filing to BSE, Hindalco said that extensive restoration efforts have been taken at the fire-hit plant to return to normalcy.
“The Hot Mill is expected to restart by end-December 2025, followed by a 4-6 week of production ramp-up,” the filing said.
In September Hindalco Industries had said the production at its plant in New York has been halted foll​Novelis on Wednesday said it expects the free cash flow for the current financial year to be negatively impacted by USD 550-650 million due to fire incident at its plant in New York in September.
This includes USD 100-150 million impact in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), according to a regulatory filing.
A company’s free cash flow, accounted after deducting capital as well as operating expenses, is meant for discretionary spending.
Novelis is a subsidiary of Hindalco Industries Ltd, which is the metals flagship company of the Indian multinational conglomerate, the Aditya Birla Group.
In a filing to BSE, Hindalco said that extensive restoration efforts have been taken at the fire-hit plant to return to normalcy.
“The Hot Mill is expected to restart by end-December 2025, followed by a 4-6 week of production ramp-up,” the filing said.
In September Hindalco Industries had said the production at its plant in New York has been halted foll ​Latest News [ SOBAN NEWS: International and National ]
