Hindalco estimates $650 million cash flow impact from fire
market hours1 source ↓written by the desknot a recommendation
- due
- $550-650 million
- $100-150 million
- of the losses
- 70-80%
Hindalco Industries anticipates a negative free cash flow impact of $550-650 million due to the fire at its Novelis plant in New York on 16 Sep. The estimated adjusted EBITDA impact is around $100-150 million. Insurance is expected to cover 70-80% of the losses, with operations targeted to resume in December.
Not investment advice. For informational purposes only.