### **Overview** Scan Steels Limited is the flagship company of the **Scan Group**, an established player in the Indian iron and steel industry with over **three decades of experience** in steel manufacturing. Headquartered in Bhubaneswar, Odisha, and incorporated in Mumbai, the company has evolved from a rolling mill into a **fully integrated, multi-location steel producer**, leveraging vertical integration and captive infrastructure to strengthen operational efficiency and cost competitiveness. Scan Steels is recognized as **the largest fully integrated TMT manufacturing plant in Odisha**, and the **first private integrated steel producer** in Odisha’s mid-corporate segment. The company operates under the brand **'SHRISHTII'**, which has become a household name across regional and national markets. --- ### **Core Business & Product Portfolio** Scan Steels is engaged in the **integrated production of secondary steel** through the Direct Reduced Iron (DRI) route, with diversified offerings across construction and industrial segments: - **SHRISHTII TMT Bars**: Branded TMT rods in sizes ranging from **8mm to 32mm**, known for strength, ductility, and corrosion resistance. With an **installed capacity of 334,400 metric tons per annum**, these rods are a market leader in Odisha and expanding across India. - **SHRISHTII ROOFING**: A corrugated sheet product used in **warehousing, parking sheds, and industrial roofing**. - **Mild Steel (MS) Billets & Ingots**: Intermediate products for re-rolling and downstream processing. - **Sponge Iron (DRI)**: Used internally and available for external sale. - **Future Expansion**: A **new MS pipe mill** is under development to produce **square and round pipes**, diversifying into the structural steel and infrastructure space. --- ### **Manufacturing & Operations** Scan Steels operates **four integrated production units** across Odisha and Karnataka: | **Unit** | **Location** | **Key Facilities** | |--------|-------------|-------------------| | Unit-I | Rambahal, Sundargarh, Odisha | 2 Rolling Mills, 2 Sponge Iron Plants, 2 Induction Furnaces | | Unit-II | Gangajal, Sundargarh, Odisha | 4 Sponge Iron Plants, 3 Billet Casters, Captive Power Plant, Coal Washery | | Unit-III | Bai-bai, Sundargarh, Odisha | 2 Induction Furnaces | | Unit-IV | Bellary, Karnataka | 2 Sponge Iron Plants | #### Integrated Facilities Include: - Direct Reduced Iron (DRI) Unit *(first of its kind in Odisha)* - Induction Furnaces with Concast - Steel Melting Shop (SMS) - Semi-Automatic to Fully Automatic TMT Rolling Mills *(upgrade in progress)* - Captive Power Plant *(enhancing energy self-sufficiency)* - Coal Washery *(raw material beneficiation)* The company utilizes a **closed-loop, self-sufficient model**, reducing dependency on external power and raw materials, especially critical during volatile global commodity cycles. --- ### **Strategic Initiatives & Growth** Scan Steels is actively pursuing **both brownfield and greenfield expansion plans**, aligned with India’s **'Make in India'** and infrastructure development goals. #### Key Strategic Focus Areas: - **Capacity Expansion**: ₹300–400 crore allocated between 2022–2023 for **plant modernization, working capital, and acquisitions**. - **Technology & Innovation**: Investment in **digitalization, automation**, and R&D to enhance sustainability, reduce emissions, and support new product development. A **technology roadmap** is being implemented across operations. - **Market Expansion**: Strengthening pan-India outreach through **dealer appointments in major urban centers**, alongside direct sales via marketing teams and agents. - **Cost Leadership Strategy**: Achieved through vertical integration, captive power, and efficient logistics, enabling competitiveness even in uncertain economic conditions. #### Recent Expansion Projects: - Upgrade of semi-automatic mill to **fully automatic 200,000 TPA rolling mill**. - **New MS Pipe Mill** under development to capture growing demand in industrial and construction sectors. --- ### **Acquisitions & Diversification** - In **January 2025**, Scan Steels **acquired Karma Re-rollers Pvt. Ltd.**, a Bhubaneswar-based steel manufacturer, significantly expanding its asset base and production footprint. - Karma Re-rollers reported growing revenues: - FY2022–23: ₹416.45 crore - FY2023–24: ₹491.37 crore - Initial investment: Up to **₹5 crore for 7% equity** (as of Mar 2022). #### Non-Core Revenue Streams: - **Leasing of plant and machinery** via subsidiary **Scan Energy and Power Limited**. - **Sale of movable and immovable assets**, indicating active asset management and monetization. --- ### **Marketing & Distribution** - Operates a **robust, well-organized marketing network** serving **urban and rural customers** across Odisha and other Indian states. - Emphasis on **customer-centric branding**, **targeted awareness campaigns**, and **value-added services**. - Builds relationships through **customer feedback, direct engagement, and field events**. - Key value propositions: - **Timely delivery** - **Competitive pricing** - **Warranty-backed quality products** - **Low-carbon, sustainable steel** - **Solution-based offerings** for construction and infrastructure The **‘SHRISHTII’** brand has strong **regional dominance in Odisha** and is gaining recognition nationally. --- ### **Sustainability & ESG** - Committed to **reducing environmental impact** through energy efficiency, pollution control, and process optimization. - Focus on **sustainable raw material sourcing**, **waste minimization**, and **green manufacturing** via R&D initiatives. - Active in promoting **human rights, worker safety, and ethical labor practices**. --- ### **Corporate Leadership & Management** - **Mr. Rajesh Gadodia** (Mechanical Engineer, 26+ years in steel): Leads business development and distribution across coastal, northern, and southern India. - **Mr. Ankur Madaan** (Whole-time Executive Director, 9+ years): Oversees production, procurement, and administration. - Management team combines **deep industry expertise with strategic financial credibility**. --- ### **Financial & Operational Strengths** - **Strong financial foundation** with demonstrated growth: **40% revenue growth and 25% sales growth YoY in FY2021–22**. - **Term loan of ₹30 lakhs** (as of Sep 2023) invested in vehicles and equipment, showing ongoing commitment to infrastructure. - **Self-sufficiency in energy and raw materials** provides a **strategic hedge** against supply and price volatility.