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Scan Steels Ltd. Company History and Annual Growth Details

Scan Steels Ltd 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 of One lakh tons of TMT manufacturing capacity 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 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 11.12.1990 as a private limited company and subsequently converted to a public limited company on 18.03.1996 and its commercial operation started on 01.04.1997

-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. During the last 23 years its 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.

2007

-Company name has been changed from Mittal Securities Finance Ltd to Clarus Finance & Securities Ltd

2009

-Mr. Harsh Jain appointed as Director of the Company.

2012

-Company has changed its name from Clarus Finance & Securities Ltd. to Clarus Infrastructure Realties Ltd.

2013

-The Board is and herby approved the allotment of 2 cores equity shares of face value of Rs. 10/- each.

2014

- The Board has appointment Mr. Rajesh Gadodia as The Managing Director of the Company.
-Company has changed its name from Clarus Infrastructure Realties Ltd to Scan Steels Ltd.

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