Top 10 steel companies in India include the best and the largest firms of the country with large capacity for production of steel.
Steel forms the base for sustaining our modern way of living. It is essential component for designing home appliances, vehicles, buildings, ships, airplanes, railways, and so on. It is obvious that steel plays a stellar role in the construction industry.
In the present article, I will talk about the top 10 steel companies in India. I have worked for over 20 years in the industry managing every aspect of the business. I have overseen designing of steel plants from conceptualizing to commissioning, choosing location for greenfield plants, managing quality control, failure analysis, process flow, etc.
Before entering the steel industry, I worked as a process engineer in an industrial gas plant manufacturing company. There I honed my skills of integrating the various functions making them to come together to work as. I designed air separation columns and saw the automation of oxygen gas plants with cryogenic distillation process.
With extensive experience of working in or with steel, I can provide the latest information on trends in the industry and the top 10 steel companies in India. Steel provides support and strength to erect any design. We manufacture steel out of iron, carbon and numerous other elements.
The company was established in 1907 for making steel in India. At the time it was the first Asian integrated private steel company. Crude steel capacity in India reaches 19 MnTPA. It is one of the leading steel companies in India. The company is also the 2nd largest steel maker in Europe having crude production of over 12.1MnTPA.
Total Sales: Rs 1, 60,769 Cr.
Total Capacity: 34 MnTPA .
Capacity in India: 19.4 MnTPA
Capacity Overseas: 14.6 MnTPA
The company has got manufacturing units in Jamshedpur and Kalinganagar. In the year 2018-19, the steel major also bought controlling stake in Bhushan Steel Limited and bought steel business of Usha Martin.
JSW Steel Ltd
It is the second largest steel company in India with steel production capacity of 18 MnTPA. JSW steel is a flagship company of JSW Group with strong Indian and global presence. The company started its operations in 1982 and has now become the leading steel manufacturing company.
JSW steel is famous for making and supplying high quality steel products. It has got manufacturing units in the Indian states of Maharashtra, Tamil Nadu, and Karnataka.
Total Sales: Rs 84,050 Cr.
Total Capacity: 18 MnTPA.
Steel Authority of India Ltd (SAIL)
It is a leading public sector company with crude steel production capacity of 21MnTPA. It is one of the seven Maharatnas of Government of India. The company offers wide range of steel products for consumption in the Indian market.
Total Sales: Rs 57,496 Cr.
Total Capacity: 21 MnTPA .
SAIL has got five integrated plants where it produces steel and iron. Moreover, the company has installed three special steel plants situated in eastern and central regions of India. These regions are home to raw materials required for making steel.
Essar Steel India Ltd
Essar steel is one of the prominent companies in India. The company is famous for making flat steel products. The company specializes in making value added flat steel for all kinds of applications. It is one of the major producers with crude steel capacity of 10MnTPA. The company provides steel products various verticals of the industry including auto, ship building, pipe making, defense, power plants, etc. Essar steel has gas plants which produces nitrogen, argon gases, and indian oxygen plant.
Total Capacity: 10 MnTPA
Recognized for Safety & Health Excellence
Jindal Steel & Power Ltd
Jindal Steel & Power Limited (JSPL) is one of the leading steel manufacturers in India. The company is part of the well-regarded O P Jindal Group. It has made its presence felt in the steel making sector. Business interests of the company run through various states including Odisha, Chhattisgarh, and Jharkhand.JSPL has installed modern technology for manufacturing 9.95 Million Tonne per Annum.
Total Sales: Rs 39,652 Cr.
Total Capacity: 11 MnTPA .
Capacity in India: 8.6 MnTPA .
Capacity in Oman: 2.4 MnTPA .
Rashtriya Ispat Nigam Ltd. (RINL)
RINL is one of the major steel producers in the country. The company is famous for making Long Products. It has one subsidiary company called Eastern Investment Limited (EIL). And, EIL has two subsidiaries known as M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd (BSLC).
Total Sales: Rs.20844 crore
Total Capacity: 7.3 MnTPA .
The company is the largest manufacturer of bars and rods in India constituting 9.5% of the market. RINL recoded annual turnover of Rs.20, 844 crore (Prov.) in 2018-19.
Electrosteel Steel Ltd.
It is a well-known brand for manufacturing and supplying ductile iron pipes in India. The company is committed to produce and supply high quality products. In pursuit of excellence, Electrosteel Steel has become a leading manufacturer of steel products in India and overseas.
Total Capacity: 7.3 MnTPA
The company has become a leading provider of pipeline solutions. It has helped install infrastructure to provide clean drinking water to millions of people. By strict compliance with international quality benchmarks, Electrosteel Steel has emerged as a global leader with satisfied customers in over 40 countries.
Jindal Stainless Ltd
Jindal Stainless Limited (JSL) is one of the largest manufacturers and suppliers of stainless steel. The company has installed modern technology sourced from Siemens VAI, SMS Siemag and Andritz Sundwig. The company has got one of the largest steel plants in Odisha manufacturing wide array of products. Jindal stainless company has industrial gas plant such as oxygen, nitrogen plant and argon.
Total Capacity: 0.8 MnTPA
The company manufactures wide range of steel products in all grades of stainless steel as per the requirements of customers. It is one of the largest steel manufacturing companies in India on the basis of its crude production capacity.
Jindal Stainless (Hisar) Ltd
Jindal Stainless (Hisar) Limited (JSHL) is one of the largest steel manufacturing companies in India. It has crude steel production of 0.8 MTPA. The company is one of the largest manufacturers of stainless steel strips globally for razor blades and blank coins.
Total Capacity: 0.7 MnTPA
JSHL uses cutting-edge technology to design and make high-end precision specialty steel products. The company has customers in over 50 countries satisfied with their quality and service.
Godawari Power and Ispat
Godawari Power & Ispat Ltd. (GPIL) is part of the HIRA Group of Industries, Raipur. The company was established in 1999 under the visionary leadership of Mr. B. L. Agrawal, Managing Director. The company runs steel plants as well as power generation. GPIL manufactures steel wires, ferro alloys, billets, sponge iron, and numerous other products. The company pursues excellence by installing advanced modern technology. It has customers all over the globe totally satisfied with the quality of the products.
Revenue: 4,071.92 Cr (2021)
Profit: 638.39 Cr (2021)