Top 10 Largest Steel Manufacturing Companies In India

Steel is the most important alloy of iron and carbon and it has been part of each and every industry you can possibly think of. Steel manufacturing in India has the great story behind it founder of TATA group was challenged by British rule that they would buy every single piece steel if Jamshed TATA could ever produce steel. The largest steel producer in the world, Laxmi Mittal is also of Indian origin and India ranked second in the world as steel manufacturing in the world.

There are even many small but well-known steel manufacturing companies like Bengal Steel Industries Ltd, Bellary Steels & Alloys Ltd, Bajaj Steel Inds. Ltd, Akashna Global Steel Ltd, and Ahmadabad Steelcraft Ltd along with well reputed and international companies like TATA steels(private sector company) and Rashtriya Ispat Nigam Limited(PSU). So let’s have look at India’s top ten private and public steel manufacturing companies in 2022 that manufactured various grades of steel and another alloy as well.

10. Ahmedabad Steelcraft Ltd – Ahmadabad, Gujarat

Ahmadabad steel craft limited was established in 1972, having its HQ in Ahmadabad, Gujarat. Currently, the company exporting the steel and various other alloys across the globe, countries including, UK, USA, Russia, Australia, Zealand & European union. According to the report of March 2014, the estimated profit of the company was $18.10 million US dollar making it India’s top tier steel manufacturing company. Moreover, the company revenue is about 1.97312 (USD in Millions) and value of it’s Market Cap: 168.795 (Rs. in Millions). You will be able to see their other products on their website www.steelcraft.co.in.

9. Mahindra Ugine Steel

Mahindra engine steel was established in the year 1962 at Mumbai, MUSCO and is a part of automotive manufacturer Mahindra Group. The company is popular for manufacturing rings, specialty steel, and stampings and it was India’s first ISO certified company. When it comes to business they have been awarded various awards in different categories of steel manufacturing business.

8. The Ferro Alloys Corporation Limited

The Ferro Alloys Corporation Limited was established in 1955 and has HQ in Nagpur, Maharashtra. The company is currently holding more than 18,000 employees making the company one of the largest steel manufacturers in India. The company actually belongs to the private sector and providing the steel across the globe and automotive manufacturers like Suzuki, Toyota, and other companies.

7. Essar Steel

Essar is generally known for its involvement in petrochemical business but now Essar also got its hands on steel manufacturing. Essar steel was established in 1998 having its HQ in Mumbai, Maharashtra supplying the steel in countries like Canada, USA, and Europe. Essar steel has manufacturing factories located at Hazira Bailadilla, Dabuna, Pune, Paradip and Visakhapatnam. This public sector company has ISO: 9001:2000, ISO 9002 and OHSAS 18001:1999 certified facilities.

6. Bhushan Steel

Bhushan steel is well-known steel manufacturing company which was established in the year 1987, New Delhi, India. The company is supplying the steel to various automotive manufacturing companies like Mahindra & Mahindra, Hitachi ACs, LG Electronics, Eicher Tractors, Godrej, and Maruti. The company has manufacturing facilities in Odisha, UP, and Maharashtra. Moreover, the company has second largest steel manufacturing facilities in India.

5. VISA Steel

This private sector company was established in 2003 having HQ on Kolkata, West Bengal. Their portfolio includes Special Steel, Ferro Chrome, and Chattisgarh which are manufactured in Odisha and Chattisgarh. Thier production facilities in Odisha spread in 1000 acres of land with 2.1 million annual steel production capacity. This company is actually part of VISA.

Steel and SunCoke Energy, USA which is known as VISA SunCoke Limited in India producing steel under that brand name.

4. Steel Authority of India Limited(SAIL)

SAIL or Steel Authority of India limited is the largest public sector company after Rashtriya Ispat Nigam Limited was established in 1954 having its HQ in New Delhi, India. They have the total of 8 manufacturing plants out of which 3 are special steel plants and 5 are integrated steel plants that are located in Bhadravathi, Durgapur, Rourkela, Bhilai, Salem, Burnpur, and Bokaro. Their annual production is 13.9 million metric tons of steel with 99360 employees. They are holding large shares of current steel market and also export the steel across the world but the large part of steel manufactured by them goes for domestic use and other PSU like DRDO, HAL etc for various defense projects.

3. JSW Steel

JSW steel is part of JSW group that established in 1982 having HQ in Mumbai, Maharashtra. This pioneering and leading Indian steel manufacturing unit export steel in 140 countries( Mozambique, Republic.

of Chile, United States and Africa)have an annual capacity of 18 million tonnes. They have the total of six manufacturing plants across the India which includes Vasind, Kalmeshwar, Tarapur, Dolvi in Maharashtra, Salem – Tamil Nadu andVijayanagar – Karnataka. Moreover, the company also took over popular steel manufacturer like Jindal Iron and Steel Company(JISCO) and Piramal Steel Limited.

2. Tata Steel – Jamshedpur

TATA steel was the inspiration for all the steel manufacturer in India as it was started during the British ruled India. TATA steel was founded in 1907 in Jamshedpur and currently having HQ in Mumbai, Maharashtra. TATA steel is world’s 11th largest steel manufacturing company and India’s second. Normally known as TISCO(TATA iron and steel Limited) it is of the oldest Indian multinational steel-making firms not only in India but in the world having production facilities in 26 countries( China, Australia, Singapore, Netherlands, United Kingdom, Thailand etc.)supplying steel & other alloys to various automotive and transport industries. With 80,534 employees in India, an annual steel production of the company is staggering 25.3 million tons.

1. Rashtriya Ispat Nigam Limited

Rashtriya Ispat Nigam limited has India’s largest steel manufacturing facilities and it is amongst the top public sector companies in India. The government of India established the company in the year 1982 having largest steel manufacturing facilities in Vishakhapatnam, Andhra Pradesh, India with an annual capacity of 6.3 Million Tonnes of steel. They produce steel squares, steel flats, steel rounds, Wire rods and TMT bars under brand name Vizag steel. When it comes to engineering tools and manufacturing techniques they have high-class facilities like Special Bar Mill, Wire Rod Mill, Steel Melt Shop, Light and Medium Merchant Mill, Blast Furnace, Coal Chemical Plant, and Sinter Plant. Even the company have a museum which includes the miniature model of the company and various manufacturing tools.

Having steel tycoons like TATA steel and Laxmi Mittal, Indian is manufacturing steel water flowing into Niagra falls and more steel manufacturing companies are now involving in this business. With cutting edge technology and economical manufacturing cost India has created the reputation of the top-tier steel manufacturing company that became a part of life. Moreover, many companies are getting their hands on this business and most of the belong to private sectors manufacturing products like steel flats, TMT bars, steel rounds, Steel of different grades and steel angles and channels.