Mumbai, Feb. 12 -- Novelis estimates the total free cash flow impact at $1.3-1.6 billion, which includes repair costs, operational downtime, working capital timing and other related expenses. The company said 70-80% of the free cash flow and adjusted EBITDA impact is expected to be recoverable through insurance, subject to policy terms, conditions and potential coverage disputes. No firm estimate for insurance recovery has been accrued at this stage.

The Oswego hot mill is expected to restart by late Q2 calendar 2026. Novelis said it is working with customers and leveraging its global operations and external suppliers to mitigate the impact during the restoration period.

Meanwhile, Novelis reported its Q3 earnings. The Hindalco subsidia...