Announced Fri, 19 Jun · 12:49 IST
Scan Steels board approves 3850 Crore expansion roadmap and investor presentation
Board & Shareholder Meetings View source PDF
SCANSTL · price
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AI summary
Scan Steels board approved investor meet participation, cleared its presentation, and discussed a 3850 Crore steel expansion. Three-phase plan: TMT to 3 LTPA by Sept 2026, pipe and galvanizing 2 LTPA by Q3 FY28, and greenfield pellet, DRI and 50 MW power by Q3 FY31. FY31 targets 4133 Cr revenue and 575 Cr EBITDA versus 838 Cr and 49 Cr in FY26. Theme 3 of 850 Cr funded via 500 Cr equity and 350 Cr accruals. Plans remain preliminary.
Likely market impact
Ambitious long-term growth plan, but projects are preliminary and need approvals and funding. Targets nearly 5x revenue by FY31.