Scan Steels Ltd — Important, 05-02-2026: Company Update

Scan Steels announced strong Q3FY26 performance, noting increased TMT sales volumes and improved production, which boosted margins despite a challenging pricing environment. Quarterly EBITDA grew significantly due to cost optimization and operational efficiencies. Strategically, the company is acquiring Bindals Sponge Industries for 60 Cr, adding a 350 TPD DRI kiln and a 12 MW captive power plant, with operations expected by Q4 FY27. Scan Steels is also installing a 30 MW captive power plant and a new 72,000 TPA pipe mill with an investment of 2,337 Cr, aiming for significant capacity and cost savings by FY27-28.