Nava Limited has announced the temporary shutdown of both Furnaces at its Ferro Alloys Plant (FAP) in Odisha, effective April 1, 2026. The shutdown is necessary for a scheduled mid-life structural inspection and maintenance, expected to last approximately three months. The Company projects no material adverse impact, as its 30 MW Captive Power Plant (CPP) will continue operating and exporting power to the grid, capitalizing on favorable market prices.
Scheduled Maintenance Shutdown Announced
Nava Limited is undertaking a critical maintenance activity at its Ferro Alloys Plant (FAP) located in Odisha. The two primary Furnaces at this unit, which have been operational for over 25 years, require a mandatory mid-life structural inspection and maintenance program.
The Company has planned this proactive measure as part of its asset management strategy, aiming to ensure long-term operational efficiency, safety, and reliability. The temporary shutdown will commence on April 1, 2026, and is expected to continue for approximately three months. The management assures stakeholders that updates will be promptly provided upon the resumption of normal operations.
Power Operations to Continue
During the maintenance period, the Company’s 30 MW Captive Power Plant (CPP) at the same unit will remain operational. The power generated by the CPP will be exported to the energy grid via existing bilateral contracts.
The Company anticipates optimizing its overall returns during this time. Given the expected peak summer demand and currently favourable market prices for power, Nava Limited expects improved realizations from power sales. Consequently, management does not anticipate any material adverse impact on the overall financial performance of the company due to this planned, temporary halt in alloy production.
Source: BSE
