Scan Steels Limited was formerly incorporated as Mittal Securities Private Limited on January 18, 1994 as a Private Limited Company. The Company converted in the Public Limited Company on 18 October 1994 and the name was changed to Mittal Securities Finance Limited.
On November 7, 2007, it changed to Clarus Finance & Securities Limited and to Clarus Infrastructure Realties Limited on March 31, 2010 and once again attained the name to 'Scan Steels Limited' with effect from 26 September, 2014.
The Company is engaged in steel manufacturing business such as TMT Re-Bars, Sponge Iron, MS Billets/ Ingots and also generating power for captive consumption. The Company has manufacturing plants in Odisha and Karnataka. It operate a production capacity of 3,34,400 MT of TMT Plant.
Initially, the Company engaged in the business of Finance Investment and Trading in Shares and Securities. In 1994, the Company came up with an public issue of 7,50,000 Equity Shares of Rs.10 each for cash at par aggregating to Rs. 0.75 Crore. This issue was to part finance the plan to expand and diversify its business activities.
The Company got merged with Clarus Infrastructure Realties Limited through the Scheme of Amalgamation, making it effective on August 12, 2014 in year 2012. Pursuant to Scheme of Merger, for every 10 Equity Shares of Rs 10/- each held by Shareholders in M/s. Scan Steels Limited, 8.03 Equity Share of Rs 10/-each credited as fully paid-up in the Equity Share Capital of the M .../s. Clarus Infrastructure Realties Limited. As per above ratio, the Company allotted 2,00,00,000 equity shares pursuant to the scheme of merger on 18.03.2014 to the shareholders of .Scan Steels Limited.
The Company installed a New Rolling Mill having an installed capacity of 38TPH within a existing facility at Budhakata Unit, at Odisha in 2023.
In 2024, it commissioned a new state-of-the-art manufacturing TMT mills, enhancing the production capacity in FY24.
FAQs on Scan Steels Ltd
1. Can I buy Scan Steels Ltd from PL Capital? ›
Yes, you can invest in Scan Steels Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Scan Steels Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Scan Steels Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Scan Steels Ltd pay dividends? ›
Scan Steels Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Scan Steels Ltd ? ›
As of
04-Feb-2026 , 16:01:34 the share price for Scan Steels Ltd. is ₹ 31.22 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Scan Steels Ltd ? ›
The 52-week high and low of Scan Steels Ltd share price is ₹ 28.02 - ₹ 48.5 as of
04-Feb-2026 , 16:01:34 .
