The shutdown is expected to continue for about 55 to 60 days and has been planned in accordance with recommendations from the original equipment manufacturer (OEM) and prevailing industry practices, the company said in a stock exchange filing.
Nava’s energy operations in Odisha comprise three generating units with an aggregate capacity of 150 MW. These include two 60 MW IPP units and one 30 MW captive power producer (CPP) unit.
The company said the shutdown has been scheduled during a period of relatively lower thermal power production requirements due to greater availability of hydel power and consequent lower tariffs.
Nava does not expect any material adverse impact on its business operations or overall performance due to the shutdown, it said.
The company said it will inform the stock exchanges of any material developments and will intimate them upon resumption of operations.
Earlier on August 14, the firm had reported an 11% year-on-year decline in net profit to ₹277.2 crore for the quarter ended June 30, 2026, compared with ₹308.03 crore in the corresponding quarter last year.
Consolidated revenue from operations, however, edged up 1.56% year-on-year to ₹1,211.80 crore from ₹1,193.22 crore. EBITDA declined 10.5% to ₹526.5 crore from ₹588.3 crore, while the EBITDA margin narrowed to 43.5% from 49.3% a year earlier.
Nava’s consolidated total expenses rose 13.27% year-on-year to ₹789.12 crore in the June quarter from ₹696.66 crore a year earlier.
Nava Ltd shares closed 0.57% higher at ₹560.35 on September 4.
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