Magazine
India is the 2nd largest producer of Steel in the world with an annual production capacity of almost 100 million tons. The Govt of India has set an ambitious plan of expanding this to almost 300 million tons by the year 2030. Therefore, the Indian Steel Industry looks bullish and is a significant contributor to the global steel economy.
Scan Steels Ltd is Odisha’s home-grown steel major that manufactures TMT rods, used in building construction, under the brand name “SHRISHTII TMT”. It is one of the leading secondary steel makers of Odisha, which has grown in last 25 years by its strength and domestic availability of raw materials such as iron-ore and coal and Odisha’s cost-effective labour.
Scan Steels Ltd is an integrated steel plant that has a manufacturing capacity of nearly 1.35 lakh tons per annum of TMT rods with a captive power plant, SMS and DRI plant. From a humble beginning in 1996, starting off as a private limited company with just one rolling mill to becoming a public limited company with a fully integrated steel plant through its efficient backward and forward integration strategies. The Commercial operations started in 1997 with TMT rods being the prime product.
TMT rods helped the company in its growth because of its high utility across a range of construction activities.
Riding upon the initial success of TMT rods, it gradually became a pioneer in establishing several DRI units. Through the secondary route of steelmaking, Scan Steels Ltd paved its way up the ladder to become one of the largest TMT manufacturing companies in Odisha. Listed in the BSE, Scan Steels Ltd is continually embracing new technologies and processes to minimize production costs and boost efficiency as a result of which it has a robust manufacturing system in place.
Under the inspiring leadership of Mr Rajesh Gadodia, Chairman, Scan Steels Ltd, the organization has managed to penetrate wider markets by installing manufacturing facilities across key four strategic locations in Odisha and Karnataka. Mr Gadodia has also spearheaded the initiative to minimize the energy dependence on the state grid by setting up of a captive power plant in Odisha. “We are adopting a disciplined, analytical approach in sustaining our premium position in every area. This has been possible due to proper understanding of marketing channels and strategically driving the organization on the path of exponential value creation”, says Mr Gadodia.
Scan Steels Ltd is an integrated steel plant that has a manufacturing capacity of nearly 1.2 lakh tons per annum of TMT rods with a captive power plant, SMS and DRI plant
Mr Gadodia firmly believes that the primary driving goal of an organization should be to develop, maintain and enhance trust to its customers. By ensuring high levels of quality satisfaction and maintaining strict work ethics, Scan Steels Ltd has aced the game of staying on top. Based on these values, the steel major has positioned itself as a relationship-centric company with a segment-specific focus and a diversified product portfolio like rolling mill, steel melting facilities, DRI units, captive power plant, iron-ore crusher slag processing unit, coal washery and fly-ash brick plant.
With a strong foundation on promoting collaboration, communicating shifting goals and empowering frontlines especially in the case of dealing with diverse stakeholders, the company looks good to hold its fort in the steel making industry and envisages to expand it's manufacturing capacity further to serve the people of Odisha.
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