This is a list of the best Indian steel companies above, which gives a quick look at the steel industry in India.
According to the Ministry of Steel, India is the second-largest producer of crude steel in the world, with a capacity of over 138 million tons. According to the Joint Factory Committee, the total finished steel production in India grew by 3.7% year on year to 131.6 million tons in 2017-18.
India was the second-largest producer of crude steel during FY18 and recorded production of 106.463 million tons with a growth of 4.94% compared to FY 2017 which represented 8% of Asian production and 6% of global crude steel production during FY18. The public sector contributed 20% In 2018-2019 in crude steel production.
List of best steel manufacturers in India
There are 07 (seven) Central Public Sector Companies (CPSE) under the administrative control of the Ministry of Steel. The private sector of the steel industry currently plays an important role in the production and growth of the steel industry in the country.
Here are the top Indian steel companies in the steel industry in India. The ranking list is based on sales for 2019.
1. Tata Steel Ltd.
Tata Steel was established in India as the first integrated private steel company in Asia in 1907 owned by the Tata Group. The crude steel capacity of the companies operating in India is around 19 million tons per year. Tata Steel is the second-largest steel producer in Europe with a crude steel production capacity of over 12.1 million tons per year. They are the largest steel companies in India.
- Total Sales: Rs 1,60,769 crore.
- Total capacity: 34 million tons per year.
- Capacity in India: 19.4 million tons per year
- Capacity abroad: 14.6 million tons per year
Bhushan Steel Co., Ltd. was acquired by Tata Steel in the year 18-19. Tata Steel Group has acquired the steel business of Usha Martin Limited through one of its subsidiaries. Tata Steel has manufacturing units in Jamshedpur, Jharkhand, Kalinganagar, and Odisha with production capacities of 10MTPA and 3MTPA respectively. In the fiscal year 2018-19, the company started a 5MTPA expansion project in Kalinganagar to upgrade its cumulative capacity to 8MTPA.
2. JSW Steel Ltd
JSW Steel is the flagship of the JSW Group and the second-largest steel company in India. The production capacity of the company is 18 million tons per year. It is ranked 7th amongst the 34 largest steel manufacturers globally by World Steel Dynamics. It has a widespread presence both in India and internationally.
Starting with a single plant in 1982, JSW Steel is now the leading manufacturer in India for premium quality steel products and added value. The company has factories in Karnataka, Tamil Nadu, and Maharashtra.
- Total Sales: Rs. 84,050 crore.
Total Capacity: 18 million tons per year.
JSW Steel Coated Products Limited is India’s leading manufacturer and exporter of Coated Steel with a capacity of 1.8MTPA. 100% subsidiary of the parent company, JSW Steel Ltd. The company ranks second in the list of top 10 steel companies in India in terms of sales volume.
3. Steel Commission of India Ltd.
The Steel Authority of India Limited (SAIL) is an Indian government company for the steel industry and one of seven centralized public sector companies in Maharatna in the country. They are the leading state steel companies in India. The company ranks third in the list of top 10 Indian steel companies based on revenue.
SAIL produces iron and steel in five integrated plants and three private steel plants, mainly located in the eastern and central regions of India and located near local sources of raw materials. SAIL manufactures and sells a wide range of steel products
- Total Sales: Rs. 57,496 crore.
Total capacity: 21 million tons per year.
4. Essar Steel India Ltd
Essar Steel is known for the high quality of its flat steel products. The company focuses on high value-added steels and has developed more than 300 grades of flat steels for various applications. Essar Steel is a 10MTPA integrated steel product.
It serves a wide range of industry sectors including automotive, shipbuilding, white and yellow lines, general engineering, power plants, hydrocarbons, pipelines, defense, and more. The company ranks fourth in the top 10 Indian steel companies list based on total sales.
Total capacity: 10 million tons per year.
Essar Steel has a major focus on sustainability and aligns with the World Steel Association (WSA) sustainability indicators. Essar Steele is a member of the Climate Action Organization and a signatory
The states of Chhattisgarh, Odisha, and Jharkhand in India, where it operates some of India’s most advanced power generation and steel production capabilities on a global scale.
JSPL has built advanced capabilities to produce up to 9.95 million tons per year (MTPA) of iron to meet 11.6 million tons per year of liquid steel at three sites in India and abroad.
- Total Sales: Rs. 39,652 crore.
Total Capacity: 11 million tons per year.
- Capacity in India: 8.6 million tons per year.
- Capacity in Oman: 2.4 million tons per year.
The company has well-distributed prefabricated steel installed capacity of 6.55 MTPA prudently distributed among bar mills, plate mills, world railways, beam mills (RUBM), light, and medium structure mills (MLSM), and wire rod mills.
JSPL’s captive iron ore mines in Tensa, Odisha have a production capacity of 3.11 million tons per year. The company owns and operates a combined power generation capacity of 5,034 MW, including a 3,400 MW O.P thermal power complex. Jindal Super in Tamnar, Chhattisgarh.
6. Rashtria 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. Thereafter, the company completed the expansion of its capacity to 6.3 million tons per year in April 2015 and to 7.3 million tons per year in December 2017. RINL is one of the major players in the country in long products.
The company has a subsidiary, viz. Eastern Investment Limited (EIL) with a 51% stake, which in turn owns two subsidiaries, i.e. 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 of 50% and 26.49%, respectively.
- Total Sales: Rs. 20,844 crore
Total Capacity: 7.3 million tons per year.
RINL, with its exclusive blend of long products, is the largest ‘rods and rods’ producer in the country with a 9.5% market share in 2018-19 (source: JPC) and recorded annual sales of 20,844 million rupees. (Proverbs) in 2018-19. The company is the 6th largest in the top 10 Indian steel companies list based on capacity.
RINL products include rebar, wire rods, circuits, structures, flowers and rods, and pig iron. The company also markets the resulting by-products such as chemicals for coal (ammonium sulfate, benzol products, etc.), and slag RINL products are renowned for their quality.
7. Electrosteel Steel Ltd.
As a pioneer in introducing ductile iron pipes in India, Electrosteel Group has established itself as an international brand that values commitment to excellence. With five decades of experience, Electrosteel Castings has fulfilled its vision of ‘bringing people back to life, drinking water for all’.
- Total capacity: 7.3 million tons per year
As the nation’s leading provider of plumbing solutions, Electrosteel provides clean drinking water to millions, a promise of quality that has led it to achieve international standards and is globally recognized as a world leader that understands customer priorities in 35 countries. The company is ranked 7th in the list of top 10 steel companies in India.
8. Jindal Stainless Ltd
Jindal Stainless Limited (JSL) is one of the largest stainless steel manufacturers in India. Odisha’s factory has world-class technology and equipment from Siemens VAI, SMS Siemag, Andritz Sundwig, and the complex, equipped with a restricted power generation unit and fitted by Ferro Alloys, is able to produce a wide and unique range of products. Both in degrees and dimensions.
Total Capacity: 0.8 million tons per year
Hot-rolled sheets and coils can be produced in 1650mm width and 2mm thickness in all grades of stainless steel according to customer request.
Moreover, cold-rolled coils with a minimum thickness of 0.3 mm and a maximum width of 1650 mm can be achieved according to customers’ needs. The company ranks 9th in the top 10 Indian steel companies list based on capacity
9. Jindal Stainless (Hisar) Ltd
Jindal Stainless (Hisar) Limited (JSHL) has an integrated stainless steel plant with a capacity of 0.8MTPA. It is also the world’s largest producer of stainless steel razor strips and the largest producer of Indian coin blanks, serving the needs of India and international railways.
Total Capacity: 0.7 million tons per year
JSHL’s specialty product division caters to the high-end precision and specialty stainless steel requirements of reputed Indian and International customers. The product range includes Slabs & Blooms, Hot Rolled Coils, Strips, Plates, Coin Blanks, Precision Strips, and Cold Rolled Coils.
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