Yes, this is completely possible as the M-series PLC are designed to be operated precisely in this manner. Each PLC has two comm ports, you can connect the SCADA to the PLC's RS232 port and so the PLC act as a slave on this port. At the same time, you can program the PLC to use the other port (the RS485 port) as a master port to talk to other devices via either MODBUS RTU, MODBUS ASCII or even some proprietary ASCII or binary protocols.