Top 10 Steel Companies in India (Manufacturer)

This is about the List of Top 10 Steel Companies in India. As per the Ministry of Steel, India is the second-largest crude steel producer globally, with a capacity of over 138 million tonnes.

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According to the Joint Plant Committee, India’s production of total finished steel grew by 3.7% YoY to 131.6 million tonnes in 2017-18.

Iron and Steel Industry of India
Iron and Steel Industry of India

India was the 2nd largest Crude Steel producer during CY 2018 and recorded production of 106.463 million tonnes with the growth of 4.94% over CY 2017, accounting for 8% of Asian and 6% of World Crude Steel production during CY 2018. The public sector has contributed 20% in 2018-19 in crude steel production.

List of Top Steel Manufacturers in India

There are 07(Seven) Central Public Sector Enterprises (CPSEs) under the administrative control of Ministry of Steel. The private sector of the Steel Industry is currently playing an important role in the production and growth of the steel industry in the country

Here are the Top steel companies of India in the steel industry in India. The Rank list is based on sales in the year 2019.

1. Tata Steel Ltd

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Tata Steel was established in India as Asia’s first integrated private steel company in 1907 Owned by Tata Group. The companies crude steel capacity across Indian operations is nearly 19 MnTPA. Tata Steel is the second-largest steel producer in Europe with a crude steel production capacity of over 12.1 MnTPA. It is the Largest steel companies of India

  • Total Sales: Rs 1,60,769 Cr.
  • Total Capacity: 34 MnTPA .
  • Capacity in India: 19.4 MnTPA
  • Capacity Overseas: 14.6 MnTPA

Tata Steel acquired Bhushan Steel Limited in the year 18-19. Tata Steel group acquired the steel business of Usha Martin Limited through one of its subsidiaries. The company is biggest in the list of top 10 steel companies in India.

Tata Steel has manufacturing units at Jamshedpur, Jharkhand and Kalinganagar, Odisha with production capacities of 10 MnTPA and 3 MnTPA, respectively. In Financial Year 2018-19, the Company initiated a 5 MnTPA expansion project at Kalinganagar to enhance its cumulative capacity to 8 MnTPA.

2. JSW Steel Ltd

JSW Steel is a flagship company of the JSW Group and the second-largest steel companies of India. The Company has a steel making capacity of 18 MnTPA . Ranked 7 th amongst Top 34 World Class Steelmakers by World Steel Dynamics. It has a large scale presence in both India and international.

Starting with a single plant in 1982, now JSW Steel is India’s leading manufacturer of value-added and high-grade steel products. The Company has plants in Karnataka, Tamil Nadu, and Maharashtra.

  • Total Sales: Rs 84,050 Cr.
  • Total Capacity: 18 MnTPA .
Also Read  JSW Steel Ltd | Subsidiaries

JSW Steel Coated Products Limited is India’s leading manufacturer and exporter of coated steel with a capacity of 1.8 MTPA. A 100% subsidiary of its parent company JSW Steel Ltd. The Company is second in the list of top 10 steel companies in India based on the turnover.

3. Steel Authority of India Ltd

Steel Authority of India Limited (SAIL) is a Government steel-making company in India and one of the seven Maharatna’s of the country’s Central Public Sector Enterprises. It is the Top Government steel companies in India. The company is third in the list of top 10 steel companies in India based on the revenue.

  • Total Sales: Rs 57,496 Cr.
  • Total Capacity: 21 MnTPA .

SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials.

SAIL manufactures and sells a broad range of steel products and it is one the best steel company in India.

4. Essar Steel India Ltd

Essar Steel is known for its high quality of flat steel products. The company focuses on high value-added grade steels and has developed over 300 grades of flat steel for different applications. Essar Steel is a 10 MTPA integrated steel producer.

It caters to a wide section of industry segments that include auto, shipbuilding, white and yellow goods, general engineering, power plants, hydrocarbon industry, pipe making, defense among others. The company is fourth in the list of top 10 steel companies in India based on the total sales.

  • Total Capacity: 10 MnTPA .

Essar Steel lays great emphasis on sustainability and is aligned with the World Steel Association’s (WSA) sustainability indicators. Essar Steel is a climate action member and signatory to the Sustainability Charter, WSA and has been recognized for Safety & Health Excellence thrice over the last five years from the Association.

Essar has attained the benchmark of being a zero-waste company by engaging in activities like efficient rainwater harvesting and controlled water usage, better slag, and effluent gas management.

5. Jindal Steel & Power Ltd

Jindal Steel & Power Limited (JSPL), a part of the USD 22 billion diversified O. P. Jindal Group, is a leading Indian Steel manufacturer and Power producer. The company is fifth in the list of top 10 steel companies in India based on turnover.

JSPL’s business operations span across the states of Chhattisgarh, Odisha, and Jharkhand in India, where it operates some of India’s most advanced steel manufacturing and power generation capacities of a global scale.

JSPL has created cutting-edge capacities to produce upto 9.95 Million Tonne Per Annum (MTPA) Iron catering to its 11.6 MTPA Liquid Steelmaking capacities across three locations in India and abroad. JSPL is one of the best steel company in India.

  • Total Sales: Rs 39,652 Cr.
  • Total Capacity: 11 MnTPA .
  • Capacity in India: 8.6 MnTPA .
  • Capacity in Oman: 2.4 MnTPA .
Also Read  List of 241 Iron & Steel Company in India

The company has a well-spread out installed finished steel capacity of 6.55 MTPA prudently spread over Bar Mills, Plate Mills, Rail and Universal Beam Mill (RUBM), Medium & Light Structural Mill (MLSM), and Wire Rod Mill.

JSPL’s captive iron ore mines at Tensa, Odisha have a production capacity of 3.11 MTPA. The company owns and operates combined power generation capacities of 5034 MW including the 3400 MW O.P. Jindal Super Thermal Power complex at Tamnar, Chhattisgarh.

6. Rashtriya Ispat Nigam Ltd. (RINL)

Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant. It was commissioned in 1992 with a capacity of 3.0 MTPA of liquid steel. The company subsequently completed its capacity expansion to 6.3 MTPA in April 2015 and to 7.3 MTPA in December 2017. RINL is one of the major players in the country for Long Products.

The Company is having one subsidiary, viz. Eastern Investment Limited (EIL) with 51% shareholding, which in turn is having two subsidiaries, viz. M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd (BSLC). The Company has a partnership in RINMOIL Ferro Alloys Private Limited and International Coal Ventures Limited in the form of Joint Ventures with 50% and 26.49 % shareholding respectively.

  • Total Sales: Rs.20844 crore
  • Total Capacity: 7.3 MnTPA .

RINL, with an exclusive product mix of longs, is the largest producer of “Bars and Rods” in the country with a market share of 9.5% in 2018-19 (Source: JPC) and has recorded an annual turnover of Rs.20,844 crore (Prov.) in 2018-19. The company is the sixth-largest in the list of top 10 steel manufacturing companies in India based on the capacity.

The products of RINL include Rebars, Wire Rods, Rounds, Structurals, Blooms & Billets, and Pig Iron and the company also markets the resultant by-products like coal chemicals (Ammonium Sulphate, Benzol products, etc.) and Slag. RINL products are known for their quality.

7. Electrosteel Steel Ltd.

As the pioneer of introducing Ductile Iron Pipes in India, the Electrosteel Group has established itself as an international brand that values commitment to excellence. Electrosteel Steel is one of the best steel manufacturing companies in India.

With five decades of experience, Electrosteel Castings has been fulfilling its vision of ‘Carrying life to people, safe drinking water for all.’

  • Total Capacity: 7.3 MnTPA

Being the country’s leading pipeline solutions provider, Electrosteel has been providing clean drinking water to millions – a promise of quality that has led it to achieve international benchmarks and recognized worldwide as a global leader that understands the priorities of the customer across 35 countries. The company is seventh largest in the list of top 10 steel companies in India.