The iron and steel industry in India plays a crucial role in the country’s economic landscape. It not only provides essential materials for construction and infrastructure development but also has a significant impact on the real estate market. The availability, cost and quality of iron and steel directly influence the growth and pricing of real estate projects, making the iron industry a key player in shaping India’s real estate sector.
See also: Top automation companies in India
Business landscape in India
The business landscape in India has a mix of traditional and modern industries, from agriculture and manufacturing to technology and services. India is known for its diverse and skilled workforce. The government has taken steps to promote ease of doing business in recent years, attracting both domestic and foreign investments.
Top iron companies in India
Tata Steel
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Homi Modi Street, Mumbai, Maharashtra, 400001
Founding year: 1907
Established in 1907, Tata Steel is the biggest and top steel company in India. It operates throughout the entire steel production process, from mining to finished steel products. It offers various types of steel products and serves multiple industries, including automotive, construction, consumer durables, general engineering, industrial and agriculture. It has a global presence with operations in several countries.
JSW Steel
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Deshmukh Marg, Mumbai, Maharashtra, 400026
Founding year: 1982
JSW Steel, a subsidiary of the JSW Group, was founded in 1982. It is a manufacturer and distributor of steel and iron products. Its product range includes hot-rolled coils, sheets, plates, cold-rolled coils, and sheets, along with various specialised steel products. It serves diverse markets, including general engineering, automotive, energy, agriculture, and more.
Jindal Steel & Power
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Bhikaji Cama Place, New Delhi – 110 066
Founding year: 1969
Jindal Steel & Power started as the Pipe Unit Jindal India, today it is a significant player in the steel and power industries. It specialises in manufacturing steel and operating thermal power plants. It operates under two main segments: Iron & Steel and Power. The iron & steel segment produces coal-based sponge iron and offers a wide range of steel products, including rails, beams, plates, coils, re-bars, wire rods, and more.
Steel Authority of India
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Lodhi Road, New Delhi – 110 003.
Founding year: 1973
Steel Authority of India (SAIL) is a government-owned steel manufacturing company in India. It was established in 1973 and is under the Ministry of Steel. SAIL is one of the largest steel producers in the world, with an annual production of 16.30 million metric tons. SAIL’s main raw material, iron ore, comes from its captive mines, and it operates several steel plants across India.
ArcelorMittal
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: MNC
Location: Main Road, Ranchi -834001
Founding year: 2006
ArcelorMittal is a leading global steel and mining company formed in 2006 through the merger of Arcelor and Mittal Steel. With around 154,000 employees, it operates in 16 countries and serves customers in 155 countries. The company focuses on producing smarter, more sustainable and environmentally friendly steels. They are involved in various sectors, including electric vehicles, renewable energy infrastructure and advanced automation.
FLSmidth
Industry: Consulting, Engineering
Sub-industry: Engineering, Machineries, Instruments
Company type: MNC
Location: Kancheepuram, Tamil Nadu – 603103
Founding year: 1882
FLSmidth is a global provider of engineering, equipment, and service solutions for the mining and cement industries. With a history dating back to 1882, the company focuses on helping its customers improve performance, reduce costs and minimise environmental impact. FLSmidth operates across various industries and regions, offering a wide range of services and equipment, including solutions for calcination, conveying, crushing, filtration, and more.
Kalyani Steels
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company Type: India’s Top 500
Location: Mundhwa, Pune, Maharashtra – 411036
Founding year: 1973
Kalyani Steels, a subsidiary of the Kalyani Group, was established in 1973. It is a prominent manufacturer of carbon and alloy steels using advanced blast furnace technology. While serving the Indian forging industry remains its primary focus, Kalyani Steels also supplies components to various sectors, including automotive, commercial vehicles, diesel engines, bearings and more. It serves industries such as engineering, automotive, seamless tube, and primary aluminium.
Apollo Tubes
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Kaushambi, Ghaziabad, Uttar Pradesh – 201010
Founding year: 1986
APL Apollo Tubes is an Indian company specialising in the production of structural steel tubes. Its product range includes various types of steel tubes, such as pre-galvanised tubes, structural steel tubes, galvanised tubes, MS black pipes, and hollow sections. These products serve diverse industries like agriculture, plumbing, furniture, railways, and more.
Usha Martin
Industry: Iron & Steel
Sub-industry: Iron & Steel
Company type: India’s Top 500
Location: Mangal Kalash, Kolkata, West Bengal – 700071
Founding year: 1960
Usha Martin is a prominent global manufacturer of wire ropes. Established in 1960, the company has become a market leader with manufacturing facilities in various locations, including Ranchi, Hoshiarpur, Dubai, Bangkok and the UK. It serves sectors such as oil & offshore, mining, crane, elevator, and infrastructure, and has a global distribution network in numerous countries.
National Mineral Development Corporation (NMDC)
Industry: Mining (Iron ore)
Sub-industry: Iron ore
Company type: India’s Top 500
Location: Khanij Bhavan, Masab Tank, Hyderabad, 500028
Founding year: 1958
NMDC is a public enterprise, incorporated in 1958 and one of the largest producers of iron ore. Since inception, the corporation under the administrative control of the Ministry of Steel, has been engaged in the exploration minerals including copper, limestone, rock phosphate, magnesite, diamond, tungsten and beach sands. All of NMDC mining complexes have been rated five Star by Indian Bureau of Mines, Ministry of Mines.
Kirloskar Ferrous Industries (KFIL)
Industry: Alloy Steel Manufacturer
Sub-industry: Pig iron and Iron castings
Company type: India’s Top 500
Location: Laxmanrao Kirloskar Road, Khadki, Pune, 411003
Founding year: 1991
Founded in 1991, Kirloskar Ferrous Industries Limited (KFIL) is major player in the Pig Iron and Grey Iron casting industry. With a parent company that possesses a 130-year manufacturing and engineering legacy, KFIL is recognised for its innovation and customer-centricity. Their cylinder block, head castings and housing are used across construction machines, farm equipment and utility vehicles made by some of the world’s largest automobile manufacturers. Their pig iron is used to make a variety of cast iron that finds critical use in a numerous industries.
Commercial real estate demand in India
Office space: The demand for office space, especially in major cities such as Mumbai, Bangalore and Delhi, is increasing due to the growth of industries. Many companies are expanding and requiring more workspace.
Rental property: The demand for rental properties, including commercial spaces such as shops and offices, remains high. This is driven by the mobility of the workforce and the desire for flexible leasing options.
The increasing demand for commercial real estate is impacting property prices and rental rates. It is also boosting construction and real estate-related businesses, creating job opportunities and contributing to economic growth.
Impact of iron companies in India
Iron companies in India have a significant impact on the country’s economy and infrastructure. They produce essential materials such as iron ore and steel used in construction, manufacturing and various industries. These companies create jobs, stimulate economic growth, and contribute to India’s development. Additionally, they key a crucial role in supporting the construction of buildings, bridges, roads, and other infrastructure projects, making them integral to the nation’s progress.
FAQs
Which is the biggest iron company in India?
Tata Steel is the biggest and oldest steel maker in India, founded in 1907.
How many iron factories are there in India?
There are around 3647 iron and steel industries in India.
What are the top 3 iron companies?
Top 3 iron companies are Tata Steel, JSW Steel and SAIL.
What is the rank of India in iron production?
India ranks 4th in the world in terms of Iron ore production.
Which states produce the most Iron in India?
States such as Odisha, Jharkhand, Chhattisgarh, Karnataka, Goa, Telangana, Andhra Pradesh, and Tamil Nadu produce around 95% of the total iron ore produced in India.
Which country India exports the most iron to?
China is the biggest buyer of iron from India.
What are the 4 types of iron ore?
The four types of iron ore are Haematite, Magnetite, Limonite and Siderite.
How does the iron & steel industry affect India's economy?
The steel industry in India, contributing approximately 2% to the GDP and employing around 600,000 people directly and two million people indirectly, plays a significant role in the country's economy.
Why are there so many iron & steel companies in india?
India's strategic geographical location, with a long coastline facilitating exports and imports, makes it a crucial player in the global steel market.
What is the future of the iron and steel industry in India?
The Indian Steel Association (ISA) estimates that domestic steel demand reached 119.86 million tons in fiscal year 2022-23. ISA projections indicate an expected 6.3% increase, reaching 136.97 million tons in the next financial year 2024-25.
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Priya Banerjee, a writer with a keen eye on the property market, she deciphers the ever-changing trends in residential real estate. Priya excels at simplifying complex real estate terms, making them easy for everyone to understand. Her well-researched advice helps buyers and investors understand complex topics.
