- CEO
- Ankur Madaan
- Full Time Employees
- 1,299
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Trishana Nirmalya Bhubaneswar OR India 751024
- IPO Date
- Jul 7, 2005
- Business
- Scan Steels Limited Scan Steels Limited (SCANSTL.BO), listed on the BSE, manufactures and sells steel products primarily through secondary steelmaking routes in India. The company produces thermo-mechanically treated (TMT) rods under the SHRISHTII TMT brand in sizes ranging from 8mm to 32mm; sponge iron; mild steel (MS) billets and ingots; structural steel products including flats, angles, square bars, channels, and round-plain rods; galvanized structures; binding wires; pre-coated corrugated profile sheets and roofing accessories under the SHRISHTII ROOFING brand; and fly ash bricks. It operates integrated steel plants with direct reduced iron (DRI) units, steel melting shops (SMS), rolling mills, and captive power plants to support self-sufficiency in steel production.
Incorporated on December 11, 1990, as a private limited company and converted to public limited status on March 18, 1996, with commercial operations commencing April 1, 1997, Scan Steels Limited is headquartered in Bhubaneswar, Odisha, with its registered office in Mumbai, Maharashtra. Manufacturing facilities are located in multiple sites around Rajgangpur, Odisha, and Bellary, Karnataka, serving construction and infrastructure sectors primarily in eastern and southern India through dealer networks.
The company pioneered small-capacity DRI units in Odisha in 1999 and expanded via backward and forward integration, including power generation from DRI kiln waste heat during 1998-2008 and acquisition of DRI kilns in Karnataka. It broadened its finished goods portfolio to include structures, galvanized products, binding wires, and PVC-coated roofing sheets under SHRISHTII ROOFING. Recent developments encompass ongoing quarterly financial reporting for FY 2025-26, including unaudited results for quarters ending June, September, and December 2025, alongside compliance announcements such as dematerialization certificates and trading window closures. No major acquisitions, partnerships, or funding rounds were reported in the last 1-2 years, with focus on operational efficiencies and market penetration in Odisha and Karnataka.