The company had temporarily shut down the operations at the said plant w.e.f. 2 July 2023 to carry out refractory repair work.

KIOCL is a flagship company under the Ministry of Steel, GOI, with Mini Ratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology and production of high-quality pellets. The company has also ventured into operating and maintenance (O&M) services for steel projects.

The company had reported 57.6% fall in net profit to Rs 82.21 crore on a 35.5% decline in income from operations to Rs 734.74 crore in Q4 FY23 over Q4 FY22.