Scan Steels Limited, originally incorporated as Mittal Securities Private Limited in 1994, has evolved through several name changes and strategic shifts. Now listed on BSE Limited in India, the company focuses on steel manufacturing, producing TMT Re-Bars, Sponge Iron, and MS Billets/Ingots, alongside generating power for its operations. With production facilities in Odisha and Karnataka, Scan Steels has a robust manufacturing capacity, recently enhancing its capabilities with a new 38TPH Rolling Mill in Odisha.
The company's origin in finance and securities trading transformed through a strategic merger with Clarus Infrastructure Realties Limited, effective in 2014. This merger consolidated its position in the steel industry, offering shareholders a substantial equity swap. With its historical roots in finance and strategic growth in steel manufacturing, Scan Steels is positioned as a significant player in the steel sector in India.
