Best Top 10 Steel Manufacturing Company in India 2024

This blog post describes the top 10 steel manufacturing company in India by production capacity, which play a significant role in making India the second largest steel producer in the world and self-reliant in the steel sector.

According to historians and archaeologists, India was the first country to practice manufacturing metals, as early as 1600 BC. However, the foundation of iron and steel industry in India was established in 1907, when the modern-day Tata Steel Limited, formerly known as TISCO, was founded by Jamsetji Nusserwanji Tata in Jamshedpur.

Top 10 Steel Company in India 2024

The list of top 10 steel company in India includes: Tata Steel Limited, JSW Steel, SAIL, Jindal Steel & Power Ltd, AM/NS India, Rashtriya Ispat Nigam Ltd (RINL), APL Apollo Tubes Limited, NMDC Steel Limited, Jindal Stainless Limited and ESL Steel Limited.

Top 10 Steel Manufacturing Company in India 2024

Now read about the short overview, address, manufacturing plants and products range of these top 10 steel manufacturing company in India one by one. Continue to know more.

1. Tata Steel Limited

Established in Jamshedpur (Jharkhand, India) in 1907, currently Tata Steel Limited is the 10th largest steel producer in the world with an annual crude steel production capacity of 34 million tonnes per annum (MTPA) and a consolidated turnover of US $32,836 million (in FY22). Today, the company has a commercial presence in over 50 countries with over 65,000 employees across five continents. In the Indian markets, Tata Steel Limited has a strong presence in segments such as Automotive, Construction, General Engineering, Material Handling, Energy and Power, Consumer Goods Packaging, Industrial and Agricultural Products and so on.

The company has its own mines which are the source of most of the raw materials required for steel manufacturing. These mines supply almost 100% of iron ore and about 21% of clean coal to steel manufacturing facilities in India, while the rest is imported. The company also operates chromite and manganese mines in India. All these factors ensure Tata Steel Limited to be a low cost steel producer.

Tata Steel Limited: Company Information

• Establishment Year: 1907
• Founder: Jamsetji Nusserwanji Tata
• Former Name: Tata Iron and Steel Company Limited (TISCO)
• Parent Company: Tata Group
• Net Sales: 1,29,006.62 Cr
• Market Capitalisation: 1,39,691.50 Cr
• Total Assets: 2,33,791.42 Cr

Tata Steel Limited: Address

• Headquarter: Bombay House, 24 Homi Mody Street, Fort, Mumbai 400001, Maharashtra, India.

Tata Steel Limited: Manufacturing Plants

In India, Tata Steel Limited's manufacturing plants are located at Jamshedpur and Gamharia in Jharkhand, Kalinganagar and Meramandali in Odisha. Apart from these, there are one manufacturing plant each in UK, Netherlands and Thailand.

• Production Capacity: 34 MTPA (Worldwide) and 20.6 MTPA (in India)
• Total Steel Produced in 2022: 30.18 Million Tonnes (Worldwide)

Tata Steel Products Range

2. JSW Steel

JSW Steel is a flagship company of the an Indian multinational company JSW Group. The company is a leading integrated steel manufacturer of India and also has a strong international presence in the USA and Europe. The journey of “JSW Steel” began in 1982, with inception of JSW Group’s first steel plant at Vasind, near Mumbai. This project was operated by Jindal Iron and Steel Company. In 2005, Jindal Iron and Steel Company (JISCO) merged with Jindal Vijayanagar Steel Ltd (JVSL). JSW Steel is ranked among the top 15 global steel producer by “World Steel Dynamics” for 13 consecutive years since 2008. JSW Steel is ranked at 2nd in the list of top 10 steel manufacturing company in India.

JSW Steel striving towards the strongest technological empowerment, research and innovation. With state-of-the-art technologies, the company produces & offers high-value special steel products that are extensively used across industries and sectors including automobile, construction, infrastructure, electrical applications, appliances, etc.

JSW Steel: Company Information

• Establishment Year: 1982
• Merging Year of JISCO and JVSL: 2005
• Formation of JSW Steel: 2005
• Founder: Sajjan Jindal
• Former Name: Jindal Iron and Steel Company (JISCO)
• Parent Company: JSW Group
• Net Sales: 1,31,687 Cr
• Market Capitalisation: 1,87,636.74 Cr
• Total Assets: 1,72,841.00 Cr

JSW Steel: Address

• Headquarter: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India.

JSW Steel: Manufacturing Plants

JSW Steel has 14 manufacturing facilities in India and 13 iron ore mines. These state-of-the-art manufacturing facilities are located in Vijayanagar, Dolvi, Kalmeshwar, Salem, Tarapur, Vasind, Chandigarh, Derabassi, Kolkata, Orissa, etc.

• Production Capacity: 28.5 MTPA in India and United States.
• Total Steel Produced in 2022: 23.38 Million Tonnes (Worldwide)

JSW Steel Products Range

3. SAIL

Steel Authority of India Limited (SAIL) is one of the largest steel manufacturing companies in India and one of the “Maharatna” companies of the country’s Central Public Sector Enterprises. SAIL was incorporated on January 24, 1973 with an authorized capital of Rs. 2000 crore. Since its inception, SAIL has continuously contributed more and more to the development of technical and managerial expertise of the country. It has triggered secondary and tertiary waves of economic development in the country by continuously providing inputs for the consuming industry. Overall, SAIL has played an important role in creating a sound infrastructure for India's industrial development.

SAIL produces high-value iron and steel products at five integrated plants and three special steel plants, located close to domestic sources of raw materials. SAIL manufactures and sells a widest range of steel products for industries including construction, automobile, infrastructure, railways, etc.

SAIL: Company Information

• Incorporation Year: 1973
• Full Name: Steel Authority of India Limited
• Company's Owner: Ministry of Steel, Government of India (owning 65% Equities)
• Net Sales: 1,04,447.36 Cr
• Market Capitalisation: 35,241.64 Cr
• Total Assets: 1,27,714.99 Cr

SAIL: Address

• Headquarter: Corporate Office. Steel Authority Of India Limited, Ispat Bhawan, Lodhi Road, New DelhI - 110 003, India.

SAIL: Manufacturing Plants

SAIL has five integrated steel plants in India located at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur and three spacial steel plants at Durgapur, Salem and Bhadravathi. Also, SAIL operates a ferro alloy steel plant at Chandrapur, Maharashtra. SAIL has its own 9 iron ore mines.

• Production Capacity: 19.5 MTPA
• Total Steel Produced in 2022: 17.93 Million Tonnes (Worldwide)

SAIL Products Range

Pig Iron, Cold Rolled Products, Steel Pipes, Semis, Structurals, SAIL TMT Bars, Galvanised Products, Wirerods, Pm Plates, Wheels and Axles, Hot Rolled Products, Stainless Steel Products, Electrical Steels, SAIL SeQR TMT Bars.

4. Jindal Steel & Power Ltd

JSPL (Jindal Steel & Power Ltd), a part of OP Jindal Group, is a leading steel manufacturing company in India with a dominant presence in steel, mining, power and infrastructure sectors. Founded on 28 September 1979 in Hisar by Shree Om Prakash Jindal, JSPL is now on of the top 50 steel producers in the world. The company operates its businesses under two segments: one is Iron & Steel and the other is Power. Product's customisation and the global technology excellence ensures offering the best in class products to the customers.

JSPL's iron & steel segment manufactures and sells high-value iron and steel products are widely used in the Industries and applications including Railways, Construction, Buildings, Infrastructure, appliances, etc. JSPL exports its diversified products to 22+ countries.

Jindal Steel & Power Ltd: Company Information

• Establishment Year: 1979
• Full Name: Jindal Steel & Power Limited
• Parent Company: OP Jindal Group
• Net Sales: 51,180.08 Cr
• Market Capitalisation: 58,532.66 Cr
• Total Assets: 67,029.63 Cr

Jindal Steel & Power Ltd: Address

• Corporate Office: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi - 110 066, India
• Registered Office: O.P. Jindal Marg, Hisar - 125 005, Haryana, India.

Jindal Steel & Power Ltd: Manufacturing Plants

Jindal Steel & Power Ltd has 3 manufacturing facilities located at Angul (Odisha), Raigarh (Chhattisgarh) and Patratu (Jharkhand).

• Production Capacity: 10.42 MTPA
• Total Steel Produced in 2022: 8.01 Million Tonnes (Worldwide)

Jindal Steel Products Range

Railway Products, Parallel Flange Beams & Columns, Plates & Coils, Angles & Channels, Fabricated Sections, Semi-finished Products, Speedfloor, Wire Rods, Round Bars, Jindal Panther TMT Rebars.

5. AM/NS India

AM/NS India (ArcelorMittal Nippon Steel India Ltd) is a joint venture between the world's leading steel companies, ArcelorMittal and Nippon Steel. While ArcelorMittal is the second largest steel manufacturing company in the world, Nippon Steel is the fourth largest steel manufacturing company in the world. The company came into form in December 2019 following the acquisition of Essar Steel by ArcelorMittal and Nippon Steel. AM/NS India is a leading integrated flat steel manufacturer in India. The company engaged in production of ready-to-market products with more than 300 steel grades from iron ore.

AM/NS India serves an array of contemporary industries including agriculture, automotive, transportation, appliances, infrastructure, defence, energy, building, construction, etc. and contribute to “Aatmanirbhar Bharat Abhiyan”. It's Hazira Steel plant produces a wide range of high strength, durable, reliable and sustainable hot-rolled products, in sizes ranging from 0.8 mm to 20 mm with a variety of applications. Whereas, Pune steel plant focuses on galvanized steel and colour-coated steel products.

AM/NS India: Company Information

• Establishment Year: 2019
• Former Name: Essar Steel
• Parent Company: ArcelorMittal and Nippon Steel

AM/NS India: Address

• Registered Office: 27 km, Surat-Hazira Road, Hazira, Surat - 394270, Gujarat, India.
• Corporate Office: Raheja Towers, 6th & 7th Floor, BKC, Bandra East, Mumbai - 400051, Maharashtra, India.

AM/NS India: Manufacturing Plants

AM/NS India has manufacturing plants at Hazira, Gujarat, and Pune, Maharashtra. Hazira Steel plant produces hot-rolled products and Pune steel plant produces galvanized and colour-coated steel products.

• Production Capacity: 9 MTPA
• Total Steel Produced in 2022: 6.69 Million Tonnes (Worldwide)

AM/NS Products Range

6. Rashtriya Ispat Nigam Ltd (RINL)

Incorporated on 18 February 1982, Rashtriya Ispat Nigam Ltd. (RINL) is one of the top 10 steel manufacturing company in India. It is a Navratna PSE operated by Ministry of Steel, Govt of India. RINL is the corporate entity of Visakhapatnam Steel Plant (VSP). Visakhapatnam Steel Plant, fondly known as Vizag Steel, is the first shore-based integrated steel plant in India.

Visakhapatnam Steel Plant of RINL is leading producer of long steel products and is known for its quality products. It caters to the requirements of diverse Industrial sectors including Construction, Manufacturing & Automobile.

RINL: Company Information

• Establishment Year: 1982
• Full Name: Rashtriya Ispat Nigam Limited
• Short Name: RINL
• Fondly Name: Vizag Steel
• Company's Owner: Ministry of Steel, Government of India (owning 100% Equities)

RINL: Address

• Registered Address: Administrative Building, Visakhapatnam Steel Plant, Visakhapatnam - 530031, Andhra Pradesh, India.

Rashtriya Ispat Nigam Ltd: Manufacturing Plants

Rashtriya Ispat Nigam Ltd (RINL) has one manufacturing plant, Visakhapatnam Steel Plant (VSP), which is located at Visakhapatnam, Andhra Pradesh.

• Production Capacity: 7.3 MTPA
• Total Steel Produced in 2022: 4.2 Million Tonnes (Worldwide)

RINL Products Range

Wire Rods, TMT Bars, Structural Steel Products, Plain Round Bars, Forged Round Bars, Appliances, etc.

7. APL Apollo Tubes Limited

APL Apollo Tubes Limited, earlier known as Bihar Tubes Limited was incorporated on 24th February, 1986 as a private limited company by Sudesh Kumar Gupta. Currently, APL Apollo Tubes Limited is the largest producer of Structural Steel Tubes in India with a capacity to produce 3.6 Million Tonnes structural steel per annum. That's why we have included it in the list of top 10 steel company in India 2024.

APL Apollo Tubes Ltd has an extended distribution networks in 29 cities across the country catering to domestic consumers as well as 20 countries worldwide. The company offers multi-products over 1100 varieties under brand name “APL Apollo”.

APL Apollo Tubes Limited: Company Information

• Establishment Year: 1986
• Founder: Sudesh Kumar Gupta
• Former Name: Bihar Tubes Limited
• Brand Name: APL Apollo
• Chairman & Managing Director: Mr. Sanjay Gupta
• Net Sales: 14,279.29 Cr
• Market Capitalisation: 37,445.21 Cr
• Total Assets: 4,503.97 Cr

APL Apollo Tubes Limited: Address

• Corporate Office: Tapasya Corporate Heights Tower A 4th Floor, Sector 126, Noida, Uttar Pradesh, 201303, India.
• Head Office: 36, Kaushambi, Near Anand Vihar Terminal, Ghaziabad, Uttar Pradesh 201010, India.
• Registered Office: 37, Hargobind Enclave, Vikas Marg, New Delhi 110092, India.

APL Apollo Tubes Limited: Manufacturing Plants

APL Apollo Tubes Limited has state-of-the-art manufacturing facilities located in Sikandrabad (3 units), Raipur (2 units), Malur, Bengaluru, Hosur, Dujana, Murbad and Hyderabad. These manufacturing plants have a combined capacity to produce 3.6 Million Tonnes structural steel per annum.

• Production Capacity: 3.6 MTPA

APL Apollo Products Range

APL Apollo Tubes Limited is the largest structural steel tubes & pipes manufacturing company in India. APL Apollo's multi-product offerings include over 1100 varieties of Galvanized Tubes, Pre-Galvanized Tubes, Structural Steel Tubes, MS Black Pipes and Hollow Sections in various shapes and sizes and finishes. These structural steel products are widely used in various construction applications and industries including automotive, machinery, furniture, etc.

8. NMDC Steel Limited

NMDC Steel Limited was incorporated on January 2nd, 2015 as a wholly owned subsidiary of NMDC Limited, under the Companies Act, 2013. The company owns and operates highly mechanized iron ore mines in Chhattisgarh and Karnataka and is also setting up an integrated steel plant of 3 MT production capacity at Nagarnar, Chhattisgarh.

NMDC (National Mineral Development Corporation) Limited is one of the “Navratnas” of country’s Central Public Sector Enterprises under the Ministry of Steel, Government of India. This company is the single largest producer of iron ore in India. Currently, NMDC is active in the exploration of iron ore, copper, rock phosphate, dolomite, gypsum, limestone, bentonite, magnesite, tin, tungsten, graphite, diamond, etc.

NMDC Steel Limited: Company Information

• Establishment Year: 2015
• Full Name: NMDC Steel Limited
• Short Name: NSL
• Full Form of NMDC: National Mineral Development Corporation
• Company's Owner: Ministry of Steel, Government of India (owning 60.79% Equities)
• Market Capitalisation: 12,803.82 Cr
• Total Assets: 25,568.21 Cr

NMDC Steel Limited: Address

• Registered Office: NMDC Iron & Steel Plant, Nagarnar (Bastar, Chhattisgarh), India.

NMDC Steel Limited: Manufacturing Plants

NMDC Steel Limited (NSL) is setting up an integrated steel plant at Nagarnar, Chhattisgarh which is known as NMDC Iron & Steel Plant (NISP).

• Production Capacity: 3 MTPA

NMDC Steel Limited Products Range

The final steel product at NMDC Iron & Steel Plant (NISP) will consist of Hot Rolled Coil ranging in thickness from 1.0 mm to 12.0 mm, with a provision upto 16.0 mm. The products from this plant will meet the growing demand in the country for flat products in high grade steel and will contribute significantly to India becoming self-reliant in the steel sector.

9. Jindal Stainless Limited

Founded by Shri O P Jindal in 1970 as a part of OP Jindal Group, Jindal Stainless continues to improve lives through trustworthy and innovative stainless steel solutions. Now Jindal Stainless is largest stainless steel company in India and also among the top 10 in the world. It has a worldwide network in 15 countries and serving customers across 60 countries across the world. It has 10 sales offices and six service centers and also one service center in Spain. Jindal Stainless Ltd is the pioneer of stainless steel industry in India.

The integrated operations (from mining to the manufacturing of finished products), sheer innovation and its state-of-the-art technology, have given Jindal Stainless the edge in cost competitiveness and operational efficiency.

Jindal Stainless Limited: Company Information

• Establishment Year: 1970
• Full Name: Jindal Stainless Limited
• Short Name: JSL
• Parent Company: OP Jindal Group
• Net Sales: 35,030.35 Cr
• Market Capitalisation: 27,193.93 Cr
• Total Assets: 26,139.72 Cr

Jindal Stainless Limited: Address

• Corporate Office: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi - 110 066, India.
• Registered Office: O.P. Jindal Marg, Hisar - 125 005, Haryana, India.

Jindal Stainless Limited: Manufacturing Plants

Jindal Stainless Limited has two stainless steel manufacturing facilities located in the states of Haryana and Odisha, and an overseas unit in Indonesia.

• Production Capacity: 2.9 MTPA (in India)

Jindal Stainless Limited Products Range

Jindal Stainless Limited is a leading producer of stainless steel products in India. The Company’s products range includes stainless steel slabs, blooms, hot rolled coils, cold rolled coils, steel plates, sheets, precision strips, blade steel and coin blanks.

10. ESL Steel Limited

ESL Steel Limited (Formerly known as Electrosteel Steels Limited), is a leading Integrated Steel Producer in India. It was incorporated in 2006 as a Public Limited Company. Then, it was a subsidiary of Electrosteel Castings Ltd. In June 2018, Vedanta Limited acquired the management control of ESL and delisted from stock exchanges. The company has established it's excellency in every stage of production by bringing expertise and solutions from reputed manufacturers across the world. The company became a profitable business in less than a year after its acquisition.

The company has set up a green field integrated manufacturing facility in Bokaro, Jharkhand, which is currently commissioned at a capacity of 2.5 MT Per Annum. The facility primarily consists of Sinter Plants, Coke Oven, Blast Furnaces, Oxygen Plant, Basic Oxygen Furnaces, Billet Caster, Wire Rod Mill, Bar Mill, Ductile Iron Pipes Plant and a Power Plant.

ESL Steel Limited: Company Information

• Establishment Year: 2006
• Former Name: Electrosteel Steels Limited (ESL)
• Parent Company: Vedanta Limited
• Total Assets: 11,15,085.61 Cr

ESL Steel Limited: Address

• Corporate Office: Lohanchal Colony, Plot No. 10, Beside Sector 12, Bokaro Steel City - 827013, Bokaro, Jharkhand, India.
• Registered Office: Vill. Siyaljori, Post - Jogidih, O.P. - Bangaria, P.S. - Chandankyari, Bokaro - 828303, Jharkhand, India.

ESL Steel Limited: Manufacturing Plant

ESL Steel Limited has an integrated steel manufacturing plant located in Siyaljori Block, Bokaro District of Jharkhand State.

• Production Capacity: 2.5 MTPA

ESL Steel Limited Products Range

The products range of “ESL Steel Limited” includes Pig Iron, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes. The Company has recently introduced three new brands, V-DUCPIPE for Ductile Iron Pipes, V-XEGA for TMT Bars and V-WIRRO for Wire Rods.

No. 1 steel company in India

Based on the production of crude steel in the year 2022, Tata Steel Limited is no. 1 steel company in India as well as the 10th largest company in the world. It has capacity to produce crude steel 34 MTPA (Worldwide) and 20.6 MTPA (in India).

The Future of the Steel Industry in India

India is a developing country and steel plays a significant role in development of various industries. Therefore we can infer that the future of the steel industry in India will be very bright. The demand for steel in India is expected to increase as the country's economy continues to grow and develop in coming years. The government of India is also investing heavily for developing the steel industry.

States with the Highest Steel-Producing Capacity in India

Chhattisgarh, Jharkhand, Odisha and Karnataka are the states having the highest steel-producing capacity in India.

FAQs on Top 10 Steel Company in India

Following are the most common Frequently Asked Questions that can give you a better understanding of the steel industry in India.