What we do Scan Steels Limited manufactures steel products including TMT rebars, sponge iron, and MS billets with captive power generation, serving infrastructure and construction sectors. |
Founded in 1,994 |
Market share A growing player in India's steel manufacturing with increasing production capacity and ISO certifications. |
Problem solved Provides high-quality steel products to meet India's rising construction and infrastructure demand. |
Top clients or who we serve Construction companies, infrastructure developers, and steel distributors; primarily B2B. |
Key management - |
Our journey and innovations Started as a finance company in 1994, transitioned to steel manufacturing, recently commissioned advanced TMT mills increasing capacity. |
Where we operate Manufacturing plants in Odisha and Karnataka, distribution primarily within India. |
Top products or what we offer TMT rebars under brand 'SHRISTII', sponge iron, MS billets, power for captive use. |
Top brands SHRISTII TMT bars - well accepted in market, featuring pan-India reach and premium quality. |
Raw materials needed Iron ore, coal, steel scrap, and power for steelmaking processes. |
Raw materials supplier Suppliers include local mineral and coal providers, steel scrap dealers. |
Recurring vs cyclical contribution Revenue is largely cyclical, linked to construction and infrastructure sector demand. |
Our industry position Moderate player with expanding capacity, continuous ISO certifications, and strategic market growth. |
Financial highlights FY 2024-25 revenue Rs. 789.2 crores with net profit Rs. 21.65 crores, profit growth of ~3% year-on-year. |
Geographical revenue split Revenue primarily from Indian markets; no detailed regional split provided. |
Order book - |
Whats driving growth Capacity expansion, infrastructure demand, and brand strength in premium steel product segment. |
Our future plans Enhancing production capacity through new rolling mills and technology upgrades. |
Our green promise ISO 14001 certified, committed to environmental management, energy and water conservation. |
Our people and values 1720 employees focused on safety, diversity, continuous growth, and a purpose-driven culture. |
Key challenges ahead Cyclical demand, raw material price volatility, and competitive steel industry dynamics. |
Interesting facts Transitioned from finance to steel; undertook multiple mergers and rebranding since 1994. |
Risks and strategy Mitigating operational risks through internal controls, risk management policy, and financial discipline. |
