In recent times India has the potential to produce 140 MTPA and is expected to rise to 300 MTPA by the financial year 2030-2031. The Indian steel market is divided into three categories- Major producers, Main Producers, and Secondary Producers. In recent times the Indian Steel Industry has been successful in attracting foreign investment.
In this article, we will see the Top 10 Steel Companies in India Contributing to the Steel Industry in India.
Top 10 Steel Companies in India
1. JSW Steel
JSW Steel is an Indian MNC founded in the year 1982 by Sajjan Jindal. It is headquartered in Mumbai, Maharashtra.
JSW Steel is a part of the JSW group. It is considered one of the fastest-growing steel companies. It is spread over 140 countries across the world.
They mainly deal in Steel, flat steel products, long steel products, wire products. They are also tied up with many international steel companies in order to manufacture high-grade automotive steel.
Their major manufacturing units are located at Vijayanagar, Salem, Dolvi, Tarapur, Kalmeshwar.
2. Tata Steel Ltd
Tata Steel Ltd is a Jamshedpur-based company. Jamshedpur is a city located in Jharkhand state. Tata Steel Ltd was founded in the year 1901 by Jamsetji Tata.
Tata Steel is headquartered in Mumbai, Maharashtra and its marketing headquarter is located in Kolkata, West Bengal.
Its parent company is Tata Group.
Tata Steel Ltd was formerly known as TISCO(Tata Iron and Steel Company). If we see by the domestic Production It is 2nd largest steel company in India after SAIL. They mainly operate in India, Netherland, and the United Kingdom along with 26 more countries. One of the largest steel manufacturing units is located in Jamshedpur with a 10 MTPA capacity.
3. Jindal Steel
It was founded by O P Jindal. It is headquartered in New Delhi, India. It is a Steel Company with a turnover of approximately INR 40,000 crore.
Jindal Steel is the 3rd largest Steel company in the country. Jindal Steel deals in the manufacturing of sponge iron, mild steel, ferrochrome, iron ore, mild steel, structural, hot rolled plates, and many more steel-related products.
Steel Authority of India Limited was founded in 1973. It is an Indian government-based company, headquartered in New Delhi, India. It is run and managed by the Ministry of Steel, GOI.
It is the largest steel producing company in the country. The sail has operations over major 5 integrated steel plants located at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur. According to a survey, it is one of the fastest-growing PSUs in the country. Before SAIL when it was established in 1973 it was functioning as Hindustan Steel Limited (HUL) which was incorporated in the year 1954.
SAIL was incorporated only for the specific purpose that was to manage the 5 integrated steel plants. SAIL holds a Venture between NTPC that is 50%.
5. Ratnamani Metals
Ratnamani Metals is an Indian Company that was incorporated in the year 1985. It is headquartered in Mumbai, Maharashtra. They mainly deal in Stainless steel Tubes and Pipes.
Their Manufacturing units are present alone in one State Gujarat. In 2007 Ratnamani Metals was recognized as a Green Power company by using 100 % Green Power and had been awarded by DGFT.
6. APL Apollo Tubes
APL Apollo Tubes is an Indian MNC deal in the manufacturing and marketing of Structural tubes. It was incorporated in the year 1986 by Sudesh Kumar Gupta. Its revenue is about INR 5,958.04 cr.
It is headquartered in Ghaziabad, UP, India. This company has extended its warehouse in approximately 29 cities of the country and is also dealing in approx. 20 countries worldwide. In the year 1995, the company was listed on NSE and BSE.
7. Mishra Dhatu Nigam Ltd
MIDHANI is a Public Sector Undertaking (PSU) under the control of the Ministry of Defence, GOI. It is situated in Hyderabad, Telangana. It is one of the top 10 Steel Companies In India.
It is only the company that produces Titanium in India. It was founded in 1973. MIDHANI deals in superalloys, Titanium alloys, specialized steels, High reliability Electrical and Electronic alloys, and many more metallurgical products. For a long time, MIDHANI has been manufacturing armor steel products that provide ballistic protection against various attacks. Bhabha Kavach is an armor panel that protects from bullets is also manufactured and marketed by MIDHANI.
8. Welspun Corp Ltd
Welspun Corp Ltd is an India Steel Pipe manufacturing company that produces pipes having a larger diameter. It was founded in 1995. It is headquartered in Mumbai, Maharashtra. It is the 2nd largest company which manufactures large diameter pipes in the world.
It is a part of the Welspun Group. Their units of manufacturing in India are located at Dahej (Gujarat), Anjar (Gujarat), and Mandya (Karnataka). One more unit that they own is located in Arkansas, U.S.
9. Tata Steel BSL ltd
Formerly this company was known as Bhushan Steel Ltd before its acquisition by Tata Steel. It was founded in 1987. The reason for its acquisition by Tata Group is that the BSL holds an amount of debt in proportion to its equity (0.5 times more).
The company was in debt of INR 10,686 Cr. Their major manufacturing plants are located at Khopoli, Sahibabad, Dhenkanal. Their presence is all across the developed nations of the world as they export their products to various developed nations.
10. Jindal Saw Ltd.
Jindal Saw Ltd is an India Company that produces large diameter pipes (Submerged Arc Welded), which is mainly used for energy transportation in the oil and gas sector as well as water and slurry transportation. Their first SAW pipe mill was established in the year 1987 in Uttar Pradesh.
In recent times Jindal Saw Ltd has a total of 9 SAW pipe Mills across India and one is in the USA. Till now this company has supplied more than 36,000 km of pipes. Jindal Saw Ltd had already sent their pipes to many countries such as North America, Latin America, Europe, Australia for various pipeline projects.