As the second-largest producer of crude steel globally, India’s steel industry has been a vital driver of economic growth. The future of the Indian steel industry appears promising, driven by increased requirements for high-quality steel in electronics, construction, and logistics sectors. This article lists the top-11 steel manufacturing companies at the forefront of this transformative journey.
Tata Steel
Headquarters: Mumbai, Maharashtra
Founders: Jamsetji Tata
Founded: 1907
Parent Organisation: Tata Group
At the heart of Asia’s steel legacy, Tata Steel was founded in 1907 by the visionary Jamsetji Tata. With its headquarters in Mumbai, this trailblazing company has marked its domestic and international presence. Acquiring Bhushan Steel Limited and Usha Martin., Tata Steel stands tall with an annual crude steel capacity exceeding 30 million tonne.
See also know about: TMT Bars
Steel Authority of India Limited (SAIL)
Headquarters: New Delhi
Founders: Ministry of Steel, Government of India
Founded: 1973
Established in 1973 by the ministry of steel, SAIL has stood as a stalwart in government-owned steel manufacturers. With its robust presence in the eastern and central regions of the country, SAIL’s commitment to quality has been unwavering, making it a top contender in the steel sector.
Essar Steel India
Headquarters: Mumbai, Maharashtra
Founders: The Essar Group
Founded: 1998
Parent Organisation: Essar Group
The journey of Essar Steel India Limited began in 1998, with the Essar Group, led by Shashi Ruia and Ravi Ruia, at the helm. Essar Steel is renowned for its high-value graded steel and caters to diverse industry segments. Its impact resonates across sectors such as the auto, power plants, and hydrocarbon industries.
Jindal Steel & Power
Headquarters: New Delhi
Founders: Om Prakash Jindal
Founded: 1979
Parent Organisation: OP Jindal Group
Jindal Steel & Power Limited has transcended traditional steel manufacturing by venturing into power generation. Founded by Om Prakash Jindal in 1979, the company boasts a global footprint, reporting impressive sales figures. With an eye on innovation, Jindal Steel is poised to dominate the steel industry worldwide.
Rashtriya Ispat Nigam (RINL)
Headquarters: Visakhapatnam, Andhra Pradesh
Founders: Ministry of Steel, Government of India
Founded: 1982
Parent Organisation: Visakhapatnam Steel Plant (VSP)
RINL, affectionately known as Vizag Steel, is a government-owned PSU that has left an indelible mark since its inception in 1982. Situated in Visakhapatnam, Andhra Pradesh, RINL’s commitment to quality is evident in its diverse portfolio of steel products. Its annual production capacity of over 6.3 million metric tons underscores its significance in the industry.
National Mineral Development Corporation (NMDC)
Headquarters: Hyderabad, Telangana
Founders: Government of India
Founded: 1958
NMDC has been a driving force in India’s iron and steel landscape. Government-owned and under Schedule-A, NMDC’s exploration, mining, and processing activities have shaped India’s mineral sector. With a robust spread business structure, NMDC’s influence continues to expand.
VISA Steel
Headquarter: Kolkata
Founders: Mr Saran
Founded: 1996
Parent Organisation: Visa Group
VISA Steel Limited has rapidly become dominant in the steel and ferrochrome manufacturing sector. Its multi-location manufacturing plants and significant production capacity have propelled VISA Steel into the upper echelons of the industry.
MESCO Steel
Headquarters: Khurunti, Odisha
Founders: Rita Singh
Founded: 1992
In just three decades since its inception in 1992, MESCO Steel has emerged as a formidable contender in the Indian steel landscape. Its two steel plants and impressive hot metal production make MESCO Steel a rising star, with the promise of even greater profitability on the horizon.
Electrotherm India
Headquarter: Ahmedabad
Founders: Mukesh Bhandari
Founded: 1983
Electrotherm Limited has pioneered innovation in the steel industry. Known for its ET TMT BARS and Ductile Iron pipes, the company has redefined steel’s role in water transportation. With ventures into battery-operated two-wheelers, Electrotherm’s contributions extend beyond traditional steel manufacturing.
APL Apollo Tubes
Headquarter: Ghaziabad
Founders: Late Sudesh Kumar Gupta
Founded: 1986
APL Apollo Tubes has carved a niche in the high-quality steel pipes and sections domain since 1986. Its comprehensive range of steel tubes has found favour in diverse applications, from infrastructure to engineering projects, cementing its status as a preferred choice for professionals across industries.
Ratnamani Metals & Tubes
Headquarter: Ahmedabad
Founders: Ronak Mehta
Founded: 1983
Ratnamani Metals & Tubes has exemplified precision engineering in stainless steel, carbon steel, and high-nickel alloy pipes and tubes. Ratnamani Metals has earned its place as a trusted name in the steel industry, serving industries from oil and gas to pharmaceuticals.
FAQs
Which is the country's biggest steel company?
SAIL is India’s largest steel manufacturing company.
How many steel plants are there in India?
India is home to 650 mini steel plants.
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