Scan Steels Ltd Share Price (511672)

Scan Steels Ltd formally Clarus Infrastructure Realties Ltd was incorporated in 1994 as a Private Limited Company and converted into a Public Limited Company a year later. In 2010, they began a scheme of arrangement to merge with M/S Scan Steel Limited, which manufactures TMT ReBars Sponge Iron MS Billets/ Ingots and also generating power for captive consumption from manufacturing facilities in Odisha and Karnataka. Following a successful merger in 2014, the company renamed itself to Scan Steels Ltd. Subsequent to this, in the year 2016, 8,000,000 warrents were issued, which were later converted to equity shares in 2017 and 2018. The company gained ISO 9001 14001 and 18001 certification in the same period. During FY 2016-19, the company produced over 125000 MT of TMT Rods while revenue was impacyed during the first half of FY 2020-21. The company has been awarded BB IVR double B minus with stable outlook for long-term debt and fund-based facilities along with IVR A4 rating for short-term non-fund-based facilities.

Share Price: ₹72.00 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹370.34Cr as of today
Listing date: 01 Jan, 0001
Chairperson Name: Rajesh Gadodia