Scan Steels Ltd board to consider expansion, modernization and new investments

A meeting of the Board of Directors of Scan Steels Ltd will be held on Tuesday 01st March, 2022 at Trishna Nirmalaya, Plot No.- 516/1723/3991, 34 Floor, Magnetics Square, Patia, Bhubaneswar - 751024 (Odisha) at 11.00 A.M. to consider the initial subscription in RPSG Agro Commodity Pvt. Ltd. at 9% and further investment of Rs 2 crore subject to overall limit should not be exceed 10% of the total limit.

The board will consider Equity Investments in Karma Re-Rollers Pvt. Ltd.

The board will also consider and approve Expansion and Modernization of Plant of the Company (Scan Steels Limited) at Rs. 250cr. Approx. and any other business as per the permission of the Chairman.

Shares of Scan Steels Limited was last trading in BSE at Rs. 28.20 as compared to the previous close of Rs. 33.05. The total number of shares traded during the day was 166717 in over 1105 trades.

The stock hit an intraday high of Rs. 33.45 and intraday low of 27.20. The net turnover during the day was Rs. 4832839.00.

Source : Equity Bulls

Keywords

ScanSteels INE099G01011 Investment Expansion Modernization