The temporary shutdown is due to non-availability of iron-ore fines and as well as for carrying out maintenance activities.

The company said that it will keep the stock exchanges informed as soon as the operations at the plant resumes.

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 a net loss of Rs 58.04 crore in the quarter ended June 2023 as against net loss of Rs 43.78 crore during the previous quarter ended June 2022. Sales rose 36.90% to Rs 501.38 crore in Q1 FY24 over Q1 FY23.