Top 10 Steel Companies in India

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Top 10 Steel Companies in India

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Iron and steel industry is often referred to as the backbone of modern industry. This is due to the fact that steel is utilized in a wide range of products and that the steel industry is significant to numerous other industries. We have listed the top 10 steel companies in India in this blog post. We’re pretty sure you’re already familiar with some of the companies in this list! Enjoy reading!

List of Top 10 Steel Companies in India

So, here are the best steel companies in India:

1. Tata Steel

Tata Iron and Steel Company (TISCO) is perhaps the most popular steel company in India. It is also the largest steel company in India on the basis of domestic production. It’s been more than a century since Tata Steel was established in 1907. The company, started by Jamshedji Nusserwanji Tata and established by Sir Dorabji Tata, holds the distinction of being the first integrated steel company in Asia. 

In 1911, TISCO began pig iron production and steel production in 1912 as Jamsetji’s Tata Group’s branch. Today, Tata Steel is the largest steel company in India, based on domestic production.

2. Steel Authority of India Limited (SAIL)

SAIL is a government-owned steel company and is India's largest state-owned steel producer. A policy was drafted by the Ministry of Steel and Mines to evolve a new model of managing industry. On 2nd December, 1972, this policy was presented to the Indian Parliament. On this basis the concept of creating a holding company to manage inputs and outputs under one umbrella was put forward. 

As a result, Steel Authority of India Ltd. was established in January, 1973. It was tasked with managing steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur. Since its formation, SAIL has contributed to the country’s industrial development and also development of technical and managerial skills.

3. Visa Steel

Another steel company in our list of top 10 steel companies in India is VISA Steel Limited. It is a Visa Group-owned steel company located in Kalinganagar industrial complex of Jajpur Odisha. It has a 1.5 million ton integrated special and stainless steel manufacturing plant. Visa Steel’s registered office is located in Bhubaneswar, while its corporate office is located in Kolkata.

Visa steel owns three steel manufacturing plants and has established a 150,000 TPA Ferro Chrome Plant as well. A part of this steel company’s capabilities are six submerged Arc Furnaces with 3*25 MW Power Generating Units.

4. Rashtriya Ispat Nigam Limited (RINL)

Another government-owned steel company in our list of best steel companies in India is Rashtriya Ispat Nigam Limited (RINL). Also known as Vizag Steel, RINL is the government entity of Visakhapatnam Steel Plant, which is the country’s first ever shore-based integrated steel plant with modern technology. The plant is a 7.3 MTPA plant and was commissioned in 1992 with a capacity of MTPA liquid steel.

It is amongst the top 10 saria brand in India and is a leading manufacturer of long steel products that serves the needs of the manufacturing, automobile, infrastructure, and construction industries. RINL owns a subsidiary company called Eastern Investment Limited (EIL) with 51% shareholding.

5. JSW Steel

One of India's largest and best steel companies is JSW Steel. JSW Steel is renowned for its creative and effective manufacturing techniques. It is amongst the top 10 stainless steel pipe manufacturers in India and is a major supplier to India's infrastructure, construction, and automotive sectors.

JSW Steel's manufacturing unit based out of Vijayanagar (Karnataka) is the largest single-location steel-producing facility in the country and comes with a capacity of 12 MTPA. The company has maintained a strategic partnership with Japan's JFE Steel, a global leader, and has continuously led in research and innovation. 

6. ArcelorMittal Nippon Steel India Ltd

Formerly known as Essar Steel, ArcelorMittal Nippon Steel India Ltd is one of the best steel manufacturing company not only in India but also in the Middle East and Asia. 

The business turns iron ore into marketable steel products by producing flat carbon steel. Ten million tonnes per year (MTPA) is the company's current capacity. They mostly sell finished steel products to wealthy industries including shipbuilding, engineering, construction, white goods, and automobiles. ArcelorMittal exports its flat steel goods to both the US and Europe.

The steel company's customers include the Konkan Railway, Hyundai, Swaraj Mazda, Caterpillar, and Maruti Suzuki. The company's eight MTPA plants at Bailadila, Chhattisgarh, and its twelve MTPA facilities in Dabuna, Odisha, are ideally situated to capitalize on the substantial iron ore reserves in each state. 

7. Jindal Steel and Power Ltd (JSPL)

Jindal Steel and Power Limited is a New Delhi-based steel manufacturing company. A part of the renowned OP Jindal Group, Jindal Steel has achieved remarkable growth under the visionary leadership of Mr. Naveen Jindal. JSPL is the only private player in India to produce rails.

At present, Jindal steel provides a range of products that serve markets throughout the whole steel value chain and help to fulfill the Make in India goal. The organization's emphasis on innovation, developing capacities, and improving lives keeps driving its expansion and dedication to creating a self-sufficient country.

8. Electro Steel Castings Ltd.

Based in Kolkata, India, Electrosteel Castings Limited is a steel company. On the Indian subcontinent, it is among the biggest producers of ductile iron pipes and among the top 10 top 10 stainless steel pipe manufacturers in India. In 1951, the company began as a steel castings company. In the 1960s, it moved to making cast iron spinning pipes, and in the early 1990s, it invented ductile iron pipe production (in South Asia).

With subsidiaries and a strong supply chain network in more than 90 countries on five continents, Electro Steel Casting Ltd. is a true Indian multinational company. It covers the GCC nations, Singapore, Hong Kong, the European Union, and North America.

9. Mideast Integrated Steel Limited (MISL)

Mideast Integrated Steels Limited is a public company incorporated in 1992. Its registered office is located in New Delhi, India. It is one of the top 10 steel companies in India. In 1997, the company obtained Rodia iron ore mining lease in the primary iron ore belt situated in Odisha. 

The company has two 389 cubic meter blast furnaces in Kalinga Nagar in Odisha. MISL formed a pig iron factory at Jajpur in 2005 and the factory is still in operation. For marketing and funding, the steel company has partnered with UK-based Stemcor.

10. Godawari Power & Ispat Ltd.

A subsidiary of Hira Group (Raipur), Godawari Power & Ispat is one of the top 10 steel manufacturing companies in India. The primary businesses of the company include energy generating, iron ore mining and sponge iron manufacture.

51.4 percent of RR Group’s stock is purchased by Godawari Power. The company also bought all of the equity in Krishna Minerals Ltd., which is still in the early phases of mineral and mine exploration. It employs a large number of technicians and operates steel facilities in Odisha.

Conclusion

Steel industry is the backbone of other industries. Steel is important for building the country’s infrastructure and is utilized for making various machines and automobiles. Thus, other industries are dependent on the steel industry. In this blog post titled “Top 10 Steel Companies in India”, we listed out the largest and best steel companies in the nation. If you want to start your own steel manufacturing company, then company registration with the Registrar of Companies (RoC) is a must. Feel free to connect with us for assistance in company registration. 

Disclaimer: This article is based on our personal opinion and may or may not represent views of the general public, institutions or organizations. 

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