Novelis on Wednesday, November 5, said it expects the free cash flow for the current financial year to be negatively impacted by $550 million to $650 million due to fire incident at its plant in New York in September.

This includes $100 million to $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 nor

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