In terms of production and exports, India is one of the largest steel industries in the world. Recent years have seen a rise in the demand for steel, which has also aided global expansion for Indian steel companies. The future of the Indian steel industry looks promising thanks to the rising demand for high-quality steel in the electronics, construction, and logistics sectors. In this article, we’ve covered top 10 Steel Companies in India who are leading and flourishing the steel industry in the construction sector.
Over 50% of the global demand for steel is accounted for by the construction industry. It is one of the largest steel using industries. Steel provides the strength for a wide range of structures, including homes, parking garages, schools, and skyscrapers. Steel is additionally used as cladding for exterior walls and roofs. The India Brand Equity Foundation (IBEF) estimates that India’s present steel production capacity is around 140 million tonnes in 2020–22, and that it will increase to 300 Million Ton Per Annum (MTPA) by 2030–31.
The top steel producers in India primarily use iron ore to produce iron and steel, which they then supply to many of the important sectors of the economy like building, machinery, and transportation.
Take a glance at India’s leading top 10 steel companies –
1. JSW Steel
A member of the JSW Group, JSW Steel Ltd. is an international steel manufacturer with its headquarters in Mumbai. The business has always been at the forefront of research and development since its inception. The products are employed in a variety of other industries in addition to building and infrastructure, such as the automotive, electrical, appliance, and so on.
Know Abouts
The sixth-largest steel plant in the world is the JSW Ballari facility. For a steel plant in Georgia, JSW Steel established a joint venture. In Dolvi, Maharashtra, JSW has already purchased a 3 MTPA hot rolling plant (earlier named Ispat Industries Ltd.).
Current scenario
| Revenue | INR 147,902 Cr |
| Production capacity | 18 MnTPA |
| Employees | 13,128 |
| Products | Hot rolled, Cold rolled, Colour coated products, Galvanised, Galvalume, Avante steel doors |
2. TATA Steel
Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the major producers of steel in the world, with an annual capacity of 34 million tonnes of crude steel. With operations and a global commercial presence, it is one of the most geographically diversified steel producers in the world.
Know Abouts
It is India’s second-largest steel producer (based on domestic production), after the Steel Authority of India Ltd. (SAIL). The only three Indian steel companies possessing captive iron-ore mines are TATA Steel, SAIL, and Jindal Steel and Power, which offers these three businesses a price edge.
Current scenario
| Revenue | INR 103,480 Cr |
| Production capacity | 34 MnTPA |
| Employees | 32,364 |
| Products | Hot rolled, Cold rolled, Coated coil, Tubes, Rebar, Wire rods |
3. Jindal Steel & Power
The steel, mining, and infrastructure sectors in India are all dominated by JSPL. Utilising its own captive coal and iron ore mines, the company backward integrates to create steel. In order to seize opportunities to create an independent India, the corporation, which has invested 12 billion USD worldwide, is consistently increasing capacity utilisation and efficiency.
Know Abouts
The third largest private steel producer in terms of tonnage and private player to produce rails. In order to lessen the dependence on imported coke-rich coal, Jindal Steel and Power established the first coal-gasification based DRI facility in the world at Angul, Odisha.
Current scenario
| Revenue | INR 56,921 Cr |
| Production capacity | 3.25 MnTPA |
| Employees | 21,000 |
| Products | Parallel Flange Beams and Columns, Angles and Channels, Plates, Coils, Wire Rods |
4. Steel Authority of India (SAIL)
The government-owned steel manufacturer Steel Authority of India Limited (SAIL) is situated in New Delhi, India. With an annual output of 16.30 million metric tonnes, SAIL is the 20th largest steel producer in the world. The company’s hot metal production capacity will grow even more, and it is anticipated that it will reach a level of 50 million tonnes annually by 2025.
Know Abouts
SAIL can be traced back to the Hindustan Steel Limited (HSL), which was founded on January 19, 1954. Among all Indian producers, SAIL has the largest selection of steel goods, including products in the mild, special, and alloy steel categories in about 50 types, 500 grades, and 5000 dimensions.
Current scenario
| Revenue | INR 244,744 Cr |
| Production capacity | 21 MnTPA |
| Employees | 61,275 |
| Products | Carbon steel, EQ grade, Spring Steel, Free cutting Steel, Ball Bearing Steel, Cold-heading steel, Low-alloy steel, Forging quality steel, MIG, High Carbon, CAQ |
5. Jindal Stainless
Shri O.P Jindal is the founder of Jindal Stainless in 1970. It is counted among the top ten best stainless steel companies in the world and is one of India’s largest stainless steel conglomerates.
Know abouts
The Odisha plant is equipped with cutting-edge machines and equipment from manufacturers like Siemens VAI, SMS Siemag, and Andritz Sundwig. The complex also has a Ferro Alloys setup and a captive power generation unit, allowing the plant to produce a distinctive and broad range of products in terms of grades and dimensions.
Current scenario
| Revenue | INR 12,188.46 |
| Production capacity | 0.8 MnTPA |
| Employees | 2535 |
| Products | Stainless steel plates, Hot rolled, Cold rolled, Slabs |
6. TATA Steel BSL
The largest producer of auto-grade steel in India was Tata Steel BSL Limited, formerly Bhushan Steel Limited. Without a question, Tata Steel BSL is a significant player in the Indian steel industry. With more than three decades of experience and a steel production capacity of 5.6 mtpa, it is currently India’s sixth-largest secondary steel producer.
Know abouts
The list of nations to whom it exports includes several industrialised nations, and its exports include steel for both the automobile and white goods industries.
Current scenario
| Revenue | INR 21,418.63 Cr |
| Production capacity | 5.2 MnTPA |
| Employees | 5000 |
| Products | Cold rolled, galvanised, Bhushan Galume, Tata Shaktee,colour coated tiles, drawn tubes, strips, wire rods, alloy billets, sponge iron. |
7. Godawari Power and Ispat
Godawari Power and Ispat (GPIL) is a flagship Company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires.
Know abouts
Mr. B. L. Agrawal, Managing Director established GPIL in 1999 to set up an integrated steel plant encompassing captive power generation. GPIL is listed in both, National Stock Exchange and Bombay Stock Exchange.
Current scenario
| Revenue | INR 4,071.92 Cr |
| Production capacity | 1 MnTPA |
| Employees | 347 |
| Products | Sponge iron, billets, Ferro alloys, captive power, steel wires, Oxygen gas, fly ash brick, iron ore pellets. |
8. Electrosteel steel Ltd.
One of the biggest producers of Ductile Iron (DI) pipes in the Indian subcontinent is Electrosteel Castings. One of the top five manufacturers of spun iron pipes worldwide, Electrosteel was the first to establish a Ductile Iron Spun Pipe Plant in India in 1994.
Know abouts
As the leading provider of pipeline solutions in the nation, Electrosteel has been supplying clean drinking water to millions of people. This commitment to quality has helped the company set international benchmarks and gain recognition as a global leader who comprehends the priorities of the clientele across 35 countries.
Current scenario
| Revenue | INR 140.63 |
| Production capacity | 7.3 MnTPA |
| Employees | 1769 |
| Products | TMT Bars. Billets. Wire Rods. Plain Steel Bars. DI Pipes. Pig Iron. TMT Bars. |
9. Essar Steel India Ltd.
The steel manufacturing businesses of the Essar Group of Companies were commonly known as Essar Steel. Essar Steel India Limited, a fully integrated flat carbon steel producer with headquarters in Mumbai, was its principal subsidiary. It owned and operated a steel mill in Hazira, Surat district, Gujarat state.
Know abouts
The business specialises in high value-added grade steels and has created over 300 flat steel grades for various applications. By engaging in practices like effective rainwater harvesting, reduced water usage, better slag and effluent gas management, Essar has achieved the benchmark of being a zero-waste corporation.
Current scenario
| Production capacity | 10 MnTPA |
| Employees | 5741 |
| Products | hot rolled/cold rolled, coated coils and sheets, heavy plates, large diameter pipes and welded structures |
10. Rashtriya Ispat Nigam Ltd. (RINL)
Vizag Steel, commonly known as Rashtriya Ispat Nigam Limited (RINL), is an Indian government-owned steel manufacturer with its headquarters in Visakhapatnam. It is a property of the Indian government’s Ministry of Steel.
Know abouts
RINL now has a steel plant in Visakhapatnam with an annual capacity of 7.3 million tonnes. To reach a 20 million tonne capacity, RINL intends to invest 60,000 crore (US$7.5 billion) by 2027.
Current scenario
| Revenue | INR 28,008.00 Cr |
| Production capacity | 7.3 MnTPA |
| Employees | 11,000 |
| Products | Wire rods, TMT Re-bars, rounds, squares, flats, angles, channels, LOCO & LHB Wheels |
SOURCES:
Top Companies in India by Market Capitalization – BSE
Top Companies in India by Total Assets – BSE
Steel Authority of India (S.A.I.L)
Rashtriya Ispat Nigam Ltd. (RINL)
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