Pton - What is the voltage? It seems it is probably 480vac, then the nameplate FLA do not seem right, but the 325 amps do seem within reason. You also said something about 40 years old plant, is the motor that old? You also stated it had been rewound.
Any changes made to the intake or discharge on that fan other than those you just made?
With an old frame motor from the 50's I once had a 100 hp motor rewound to 125 hp. It ran just fine.....those old 1950's motor ran cool to the touch, after rewinding to 125 hp that motor ran hot - but not as hot as the new frame motors.
I've also had rewound motors get the incorrect wire sizes when the coils were wound. They ran way over FLA!! In that case I was lucky the rewind shop realized their mistake when I talked to them.
Edit to add: What about the motor bearings. I was asked to check out a fan motor? one weekend in the old part of the plant where I was doing start-up. Turned out they were having trouble keeping it running the night before, had tripped OL"s twice, they called the engineer and he told them to go ahead and restart it and he'd find someone to look at it the next morning. When he showed up I was having my help disconnect the motor leads.........
He got a little upset, saying he had to get it going right away - I then showed him where his orders to restart the night before had caused the endbells to get to hot they cracked, and the motor shaft was froze. This on a 200hp? motor....They had to buy a new one, and were down for quite a few days.