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Steel Companies In India

July 26, 2022

Want to know steel company in india? Well you have landed on the right article 

From being used in the 19th century for the making of the first skyscrapers, to now steel is used in almost every infrastructure development.

The best part about the usage of steel is that it is recyclable, making it a green product. Builders can buy recycled steel and can recycle steel themselves.

Steel provides strength and durability for the structure of the building. Making it easier to build the infrastructure.

It also has a major role in everything else as well, cars, and homes. It is used in electrical power line towers, pipelines, military weapons, machine tools, etc.

Also Read: Link 1, Link 2 & Link 3

In this guide, we ranked and reviewed the 17+ best Steel Company In India, along with our top 3 choices, so that you can pick the best one for you.

Recommended

Tata Steel Ltd

(Best XYZ)

Overall Rating: 4/5

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Steel Authority of India Ltd

(Best XYZ)

Overall Rating: 3/5

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JSW Steel Ltd

(Best XYZ)

Overall Rating: 5/5

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Top Steel Company in India

Want to jump straight to my top picks? My favorite steel companies in india is Tata Steel Ltd and Steel Authority of India Ltd.

1. Tata Steel Ltd

A diverse and integrated steel manufacturer company in india is Tata Steel Ltd. Its operations span the whole value chain, from raw steel production to completed steel products.

The business sells bearings, agricultural tools, building materials, and flat goodsConstruction, automotive, general engineering, industrial, and agricultural markets are among those it services.

Additionally, it runs captive iron ore mines and collieries near the Indian cities of Jamshedpur, Kalinganagar, and Dhenkanal.

Features

  • Founder: Jamsetji Tata
  • Headquarters: Mumbai
  • Founded: 1907
  • Production Capacity: Their capacity for crude steel production is 12.1 MnTPA. They operate in South East Asia, India and Europe, making them a diverse steel producer, operating in more than 50 countries.
  • Company revenue: 2.45 lakh crores INR

2. Steel Authority of India Ltd

It is a government-owned company. It is the best steel company in India and is also one of the seven maharatnas in the country.

They operate in five integrated steel plants at Burnpur, Bhilai, Durgapur, Bokaro and Rourkela.

They have their steel plants in Durgapur, Bhadravati and Salem, and in Chandrapur, they have a Ferro-alloy manufacturing unit.

It is also the second-largest company in India, a producer of iron ore, completing 100% of its demands.

Features

  • Owner/CEO/Founder: The company’s CEO is Soma Mondal since 1st January 2021
  • Headquarters: New Delhi, India
  • Founded: 1954
  • Production Capacity: SAIL’s production capacity increased to 21 MnTPA
  • Company revenue: 68,452 crores INR

3. JSW Steel Ltd

It is a JSW group’s flagship company and is also amongst the top steel companies in India.

It is also ranked 7th among 34 top world-class steelmakers companies by world steel dynamics, having a large presence in India as well as internationally.

Being India’s leading manufacturer of high-grade steel products with value addition.

Features

  • Owner/CEO/Founder: The CEO is Prashant Jain and is  owned by the O.P Jindal Group
  • Headquarters: Mumbai Maharashtra
  • Founded: 1982
  • Production Capacity: Its total capacity is 18 MnTPA. They have their plants in Tamil Nadu, Maharashtra and Karnataka.
  • Company revenue: 2,200 crores USD

4. Jindal Steel and Power

Jindal Steel and Power have a huge presence in the sector of power, steel, infrastructure and mining.

They are also an industrial powerhouse in the same sectors mentioned above.

Their vision is to have the spirit of entrepreneurship along with innovation, they envision making optimum use of their resources, and they also aim to create a sustainable environment by using practices which would be environment friendly.

They claim to have a passion for people.

Features

  • Owner/CEO/Founder: The chairman of Jindal Steel and Power is Naveen Jindal, the founder chairman is Shri. Om Prakash Jindal and their chairperson Emeritus is Smt. Savitri Jindal.
  • Headquarters: New Delhi
  • Founded: 1979
  • Production Capacity: The production capacity of the company is 10 MnPTA in iron making and their power generating capacity is 5049 MW.
  • Company revenue: 39,527 crores INR

5. Hindalco Industries

Hindalco Industries is the flagship company of the Aditya Birla Group. They have a 26-billion-dollar metals powerhouse.

They are a leader in the aluminium and copper industry. They produce copper cathodes and cast copper rods, they also have other products like Silver, Gold, etc.

Features

  • Owner/CEO/Founder: The company is owned by its parent organisation- Aditya Birla Group
  • Headquarters: Mumbai
  • Founded: 1958
  • Production Capacity: They have a production capacity of 1.5 MTPA.
  • Company revenue: 1.96 lakh crores INR

6. Godawari Power and Ispat.

Godawari Power and Ispat is the flagship company of the Raipur based Hira group of industries.

The company is involved in the generation of electricity, mining, iron ore and manufacturing of Iron ore, sponge iron, steel billets, H.B. Wire and ferro-alloys.

They have a huge presence in the steel manufacturing industries. They operate in two sectors mainly which are electricity and steel.

They have a team of people who are qualified professionals and are dedicated and their board of directors have their expertise in subjects like engineering and finance administration.

Features

  • Owner/CEO/Founder: The owner of Godawari Power and Ispat Ltd. Is Mr Bajrang Lal Agarwal
  • Headquarters: Chhattisgarh, India
  • Founded: 1999
  • Production Capacity: Its production capacity is 1,00,000 MTPA of wire rods and the production capacity of HB Wires is 50,000 MTPA.
  • Company revenue: 1.44TCr

7. Essar Steel India Ltd

The company invests in nurturing assets, and buildings and aims at creating value in sectors of energy, logistics and infrastructure as well as mining and metals, retail and technology.

They have an AUM of 8.2 billion dollars as of 31st March 2021. They are a global producer of steel and have a presence in the middle east, Asia along with India.

They are involved in producing flat carbon steel.

Their products are being used in sectors such as white goods, automotive, engineering, construction and shipbuilding as well.

They are also amongst the largest steel exporters of our country, exporting flat products to highly demanding markets such as European or American markets.

Features

  • Owner/CEO/Founder: Shashi Ruia
  • Headquarters: Mumbai, India
  • Founded: 1976
  • Production Capacity: The company also has a production capacity of 10 MTPA.
  • Company revenue: Rs 3,296 crore

8. Rashtriya Ispat Nigam Ltd. (RINL)

Being wholly owned by the government till 2010 when it was granted its Navratna status by the Indian Government, by 2021 the company is now private.

Rashtriya Ispat Nigam Ltd. India’s first shore-based steel plant was built with state-of-the-art technology.

The company also has a partnership with the RAIN MOIL ferro-alloys Private limited company as well as International Coal Ventures Limited company, which are in the form of a Joint Venture.

Features

  • Owner/CEO/Founder: The owner of the company is the Ministry of Steel and the government Of India and the chairman and MD is Atul Bhatt.
  • Headquarters: The headquarter of the company is in Visakhapatnam, India.
  • Founded: 1982
  • Production Capacity: Currently, the company has a production capacity of 7.3 MTPA in steel, it is also estimated that by 2027, RINL will invest 60,000 crores to increase its production capacity to a much higher level such as 20 MTPA.
  • Company revenue: 28,008 crores INR

9. Electrosteel castings Ltd

The company first started as a cast-iron pipe manufacturing facility 60 years ago which is now a multinational Indian company which now has a presence in 5 continents as well as 90+ countries in the world.

Aiming at being committed to the satisfaction of their customers by delivering world-class products.

They also want to encourage a deep sense of leadership in their team and want to and aim to create a healthy environment for their company which would in return result in growth, prosperity and profit.

Features

  • Owner/CEO/Founder: The company is owned by Vedanta Limited and the CEO is Sunil Katial.
  • Headquarters: Kolkata, India
  • Founded: 1955
  • Production Capacity: The production capacity of the company is 1.5 MTPA and has the potential of increasing to 2.5 MTPA.
  • Company revenue: 1.58TCr

10. Vedanta

Vedanta Limited is a company which is globally diversified, their interest lies in Zinc-Lead-Silver, steel, copper, Iron Ore, Aluminium, oil, gas and power.

They aim at creating a positive impact on the communities they operate amongst and want to imprint a legacy of pride within them.

They believe in operating with responsibility and ethicality.

They supply natural resources. Their portfolio is inclusive of low-cost, world-class, scalable assets creating a strong ratio of profit and hence, robust cash flows.

Features

  • Owner/CEO/Founder: The founder of the company is Dwarka Prasad Agarwal and the current CEO is Sunil Duggal.
  • Headquarters: Mumbai, India
  • Founded: 1965
  • Production Capacity: With a capacity of 2.3 million tonnes per year (mtpa) and a 37 percent market share, Vedanta is India's largest producer of aluminium.
  • Company revenue: 91,442 crores INR

11. Jindal Stainless Ltd

Jindal Stainless Ltd is one of the largest stainless-steel companies in India and also ranks among the top ten stainless steel companies in the world.

The company continues the vision that Shri O.P Jindal had, which was Innovation and an effort in enriching people’s lives.

Features

  • Owner/CEO/Founder: O.P Jindal and the current owner is Ratan Jindal.
  • Headquarters: New Delhi
  • Founded: 1970
  • Production Capacity: The company has the capacity of 1.9 MTPA Production of crude steel and they have an annual turnover of 4.20 billion dollars considering the year 2022, march.
  • Company revenue: 6.56TCr

12. Jindal Stainless (Hisar) Ltd

The Jindal Stainless Hisar Limited is also among the world’s largest stainless-steel production. They are also the world’s largest producer of coin blanks.

The founder of Jindal Stainless, Hisar, Shri O.P Jindal had a vision of creating a self-reliant India.

They wanted India to be able to fulfil its demands for Stainless steel.

Back in the day, Stainless steel was considered a luxury, which made India dependent on imports for the same.

Their speciality of product division serves the desire for high-end precision and the speciality that stainless steel is required by Indian and International customers  they have a large variety of products such as slabs, cold-rolled coils, hot rolled coils, plates, blade steel, etc.

Features

  • Owner/CEO/Founder: The founder of the company is Shri O.P Jindal and the chairman is now Mr Ratan Jindal.
  • Headquarters: Hisar, India
  • Founded: 1975
  • Production Capacity: The production capacity of Jindal Stainless (Hisar) is 8,00,000 TPA.
  • Company revenue: 4.32TCr

Conclusion

As you can derive from the above-mentioned companies and the information provided in the article above, the steel and iron industry are among the most important industries in India.

India overtook Japan in terms of being the second-largest steel manufacturer. The growth of India’s steel manufacturing/producing sector is due to the availability of the resources domestically, therefore, the steel industries have a major role in contributing to India’s manufacturing output.

The steel industry of our country has always tried to be modern, made efforts towards regular up-gradation and delivering products of the utmost quality. The steel industry of our country is divided into three sectors as follows:

  • Major producers

  • Main producers

  • Secondary producers

I hope you liked our article on steel company in india, if you have any comments or suggestions do share them in the comments below.

frequently asked question

1. Who is the No 1 steel company in India?

The number one steel producing company in India is TATA steel. Founded in 1907, it is Asia’s first private steel firm, now also our world’s largest low-cost steel manufacturer/producer.

Having a production capacity of 34 MnTPA it is also the world’s most diverse steel producing company, being involved in the production, commercial presence and operation across the globe.

Not only their stats but the quality and as mentioned before their low cost and efficient products.


2. Which is the biggest steel factory in India?

The biggest steel factory/plant in India is in Bhilai, Chhattisgarh. It is of the parent company Steel Authority of India Ltd.

It is not only the first steel producing factory but also the main steel-producing plant in our country as well as the largest and the most profitable production plant. Its production capacity is as such:

  • Semis: 533,000 TPA

  • Merchant Products: 500,000 TPA

  • Rail, etc: 750,000 TPA

  • Wire Rods: 420,000 TPA

  • Plates which are 3600mm wide approx.: 950,000TPA

The total steel production which is saleable is 3,153,000 TPA

3. Where is the largest steel plant in India?

As mentioned above, the largest or the biggest steel plant in India is in Chhattisgarh, Bhilai under the company, Steel Authority of India Ltd. The reasons why are mentioned in the above question.

4. How many steel companies are in India?

There are a total of 241 steel and iron companies in India, However, the 12 mentioned in the article are the top and largest steel companies in our country.

Hopefully, this article was able to deliver the required information and answered your questions as required. 

Here are my best picks:

Also Read: Check out my reviews of the best image editing software, the top choices for video editing software, and my full guide to start a blog for beginners.

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About the Author

Currently working as an Editor in Chief with Ankuraggarwal.in, he is managing all the ins and outs of the content management process and editorial operations. Having an experience of 8 years in the publishing/ e-solution industry, he manages a small freelancing team of fellow editors and has worked with several domains including academics, healthcare, lifestyle and technical writings. He is a stickler for accuracy and loves to read noir-fiction and binge-watch anthologies.

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