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Scan Steels Ltd is self-sufficient in almost all aspects of steel making mainly producing TMT rods used for construction activities across different sectors. It was incorporated on December 11, 1990 as a private limited company and subsequently converted to a public limited company on March 18, 1996 and its commercial operation started on April 1. 1997. The company was a pioneer in starting DRI unit of smaller capacity in the state of Odisha in the year 1999 and has grown to be the largest TMT manufacturing company in Odisha through secondary route of steel making.
The company is listed on the BSE and has its manufacturing facilities in three places in and around the industrial town of Rajgangpur, Odisha which is an integrated steel plant having its own captive power plant with all other facilities like SMS & DRI units, required for steel making. The unit was started in the year 1996 in Ramabhal village with one rolling mill and was subsequently developed into an integrated steel plant by backward and forward integration within next 23 years. Scan Steels Limited’s registered office is located at Mumbai and the corporate office is located at Bhubaneswar and the works office is located in Rajgangpur, Odisha.
The company has changed its name from Clarus Finance & Securities Ltd to Clarus Infrastructure Realties Ltd. In March 2012. Further, the name has been changed to Scan Steel in September 2014.
Business area of the company
The company is primarily engaged in manufacturing of Iron & Steel products like MS Billets & TMT rods through secondary steel manufacturing route and over the years has improvised by using new technologies and processes to minimize the production cost and increase efficiencies. The company has worked for wider market penetration by installing manufacturing facilities in four places in the state of Odisha & Karnataka and minimizing energy dependence on the state grid by installing a captive power plant in Odisha.