Novelis says September fire at New York plant to hit FY26 cash flow up to $550-650 mn

Novelis anticipates a significant financial hit from a September fire at its New York plant. The company expects free cash flow to decrease by $550-650 million this financial year. Adjusted earnings before interest, tax, depreciation and amortisation will also be impacted. Restoration efforts are underway, with the Hot Mill expected to restart by end-December 2025.

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