Top-10 Largest Steel Companies in India

Steel, the backbone of industrial growth and infrastructure, plays a vital role in shaping India’s economic landscape. As we move ahead into the year 2024, it is important to highlight the leading steelmakers driving growth and innovation in the country’s steel sector. Here, we present a comprehensive overview of Top 10 steel companies of India based on their production capacity, market share and technological progress.

steel companies of india

In 2024, India’s steel sector is booming with companies like Tata Steel, JSW Steel and SAIL Leading the charge. With cutting-edge technology and sustainable practices, these giants dominate the market catering to diverse industrial needs. Essar Steel, JSPL, and AM/NS India Further promote the industry with emphasis on innovation and quality. From Bhushan Steel to RINL, the sector exhibits a blend of tradition and modernity, driving India’s infrastructure development and economic growth.

First steel company in India

Tata Iron and Steel Company (TISCO), founded on August 26, 1907stands as India’s leading steel manufacturing plant, established by Jamsetji Tata and Dorabji Tata In Jamshedpur, JharkhandTISCO has the distinction of being Country’s first steel company, Since its inception, TISCO has played a significant role in shaping India’s industrial landscape and remains the cornerstone of the country’s steel sector.

Top-10 steel companies in India

Tata Steel Limited., year of establishment 1907has the honor of being India’s largest steel company, This is followed by Steel Authority of India Limited, Visa Steel Limited and Rashtriya Ispat Nigam Limited.

Here is the list of top 10 largest steel companies in India:

largest steel companies in india
Post Name Establishment the headquarters
1. Tata Steel Limited 1907 Mumbai
2. Steel Authority of India Limited (SAIL) 1954 New Delhi
3. Visa Steel Limited 1994 Kolkata
4. Rashtriya Ispat Nigam Limited (RINL) 1962 Visakhapatnam
5. JSW Steel 1982 Mumbai
6. Essar Steel nineteen ninety eight Mumbai
7. Jindal Steel and Power Limited 1979 New Delhi
8. Electro Steel Castings Ltd 1955 Kolkata
9. Mideast Integrated Steel Limited (MISL) 1992 Odisha
10. Godavari Power and Ispat Limited 1999 ,

Largest steel company in India – Tata Steel Limited

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Established: 1907

Headquarters: Mumbai

Tata Steel was established in 1907 By Jamshed Ji Tatastands as India’s largest steel company, formerly known as Tata Iron and Steel Company Limited (TISCO), it was Asia’s first steel company, with headquarters in Mumbai and a significant presence Jamshedpur, Jharkhand, Tata Steel has crude steel capacity More than 30 million tons annually, Its integrated operations span mining, manufacturing and global distribution, serving markets in 50 countries.

India’s second largest steel company – Steel Authority of India Limited (SAIL)

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Established: 1954

Headquarters: New Delhi

SAIL (Steel Authority of India Limited), founded in New Delhi in 1954stands as India’s second largest steel producer and a Maharatna Central Public Sector Enterprises, With a focus on modernization and green technology, SAIL is one of the fastest growing steel companies in India. Operating five integrated plants and three specialized steel plants across the country, it produces a variety of steel products with an emphasis on efficiency and sustainability. In FY20, SAIL mined 32.40 million tonnes of iron ore, flux, and coalStrengthening its position as a leader in the industry.

India’s third largest steel company – Visa Steel Limited.

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Established: 1994

Headquarters: Kolkata

Visa Steel Limited, a part of Visa Group and founded by Mr. Vishambhar Saran in 1994, emerges as one of the Top steel companies of India, year of establishment 2003 and is at headquarters KolkataVisa Steel is now ranked Third among leading steel makers of India, With three steel plants and a production capacity more than one million metric tonsIt is famous for its Ferro Chrome Plant at Kalinganagar, Odisha, equipped with six submerged arc furnaces and 3*25 MW power generation units.

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