Metals are a driving force in industrialization. Metals like steel form the base of industries and are greatly involved in the production of numerous goods. Steel, being the skeleton of the design, provides the core support and strength and plays a key role in strengthening the foundation of industries.
With the significant steps taken by the government to achieve self-reliance in steel manufacturing, India is the second-largest producer of crude steel in the world. According to a report by the Ministry of Steel, Government of India, India produced 118.20 Million Tonnes (MT) of crude steel from January to December 2021, a growth rate of 17.9% over the amount it produced during the same period last year.
India has various steel manufacturing companies, and while some have extensive global presence, others support domestic use. In this blog, we will cover the top 10 steel companies in India, which are dominating the industry with their production capacity, revenue generation, and quality materials.
Which are the Top 10 Steel Cities in India?
India is the world’s second-largest steel producer and the 13th-largest steel exporter as per 2023 data. Some of the states that are primary producers of steel are Odisha, Chhattisgarh, Karnataka, Jharkhand, Uttar Pradesh, West Bengal, Andhra Pradesh, Tamil Nadu, and Maharashtra.
The top 10 steel cities in India (in no specific order) are:
- Jamshedpur (Jharkhand) – Tata Steel
- Bokaro (Jharkhand) – SAIL, Vedanta
- Rourkela (Odisha) – SAIL
- Angul (Odisha) – Jindal Steel and Power Limited (JSPL)
- Durgapur and Burnpur (West Bengal) – SAIL, IISCO
- Bhilai (Chhattisgarh) – SAIL
- Vizag (Andhra Pradesh) – Vizag Steel (Rashtriya Ispat Nigam Limited – RINL)
- Vijayanagar (Karnataka) – JSW Steel
- Salem (Tamil Nadu) – SAIL, JSW Steel
- Hazira in Surat (Gujarat) – AM/NS India Ltd. (Essar Steel)
- Dolvi and Vasind (Maharashtra) – JSW Steel
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Top 10 Steel Companies In India
1. TATA Steel Limited
TATA Steel Limited is Asia’s first steel company, established in 1907 by Jamsetji Nusserwanji Tata. The company is based in Jamshedpur, but its headquarters is in Mumbai. Formerly known as Tata Iron and Steel Company Limited (TISCO), TATA Steel Limited provides one of the best steel in India. The company is one of the most geographically diverse steel manufacturers worldwide, with operations and a commercial presence throughout the globe, on 5 continents.
TATA Steel Limited is the largest steel producer in India in terms of production capacity, with SAIL surpassing TATA Steel in certain cases and JSW crossed 28 million metric tonnes per annum in 2024, becoming the largest producer of the year.
The company has raw material mines in India and Canada, with its manufacturing and
downstream facilities in India, Thailand, the United Kingdom, and the Netherlands. From mining to the manufacturing and trading of finished goods, TATA Steel is among the rare companies that run all of these operations on its own.
It has a business presence in more than 50 countries and operates in 26 nations. Further, in 2018-19, the company acquired Bhushan Steel Limited, with one of the subsidiaries of Tata Steel Group acquiring the steel business of Usha Martin Limited.
| Company Name | Tata Steel Limited |
|---|---|
| Headquarter | Mumbai, Maharashtra |
| Founded | 1907 |
| CEO | T. V. Narendran |
| Founders | Jamsetji Tata |
| Parent Organization | Tata Group |
| Employee Count | 32,364 (2021) |
| Revenue of last Financial Year | INR 2.3 trillion (2024) |
| Current Production Capacity | 20.76 MnTPA |
2. JSW Steel Limited
JSW Steel Limited is another of the top 10 steel companies in India. The steel company started in the early 80s with a single steel plant in Mumbai and today it has a presence in over 100 countries.
JSW, having the biggest steel plant in India, is the pioneer in producing high-strength and top-quality steel products for its automotive section. The organization can generate around 18 MnTPA through Karnataka, Tamil Nadu, and Maharashtra plants, however, it became the largest steel producer in India in 2024 with a production capacity of 28 MnTPA and hopes to become one of the Top steel companies in India again in 2025.
| Company Name | JSW Steel Limited |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1982 |
| CEO | Jayant Acharya |
| Founders | Sajjan Jindal |
| Parent Organization | JSW Group |
| Employee Count | 38,446 (2024) |
| Revenue of last Financial Year | INR 1.75 trillion (2024) |
| Current Production Capacity | 28 MnTPA |
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3. Steel Authority of India Limited
Steel Authority of India Limited, popularly known as SAIL, is a public sector company that is managed by the Ministry of Steel, Government of India. It is a leading company in the steel industry in India, with its headquarters in New Delhi.
SAIL was established in 1954 and is one of the nation’s 7 Maharatnas (Central Public Sector Enterprises). Presently, it owns five integrated steel, three special steel, and one ferroalloy plant. SAIL is the 20th largest steel producer in the world, with its major production for railways, bridges, and defense. It stands at a current production capacity of 19.5 MnTPA.
| Company Name | Steel Authority of India Limited |
| Headquarter | New Delhi |
| Founded | 1973 |
| CEO | Amarendu Prakash |
| Founders | Ministry of Steel, Government of India |
| Parent Organization | Ministry of Steel, Government of India |
| Employee count | 55,989 (1 March 2024) |
| Revenue of last Financial Year | INR 1.05 trillion (2024) |
| Current Production Capacity | 19.5 MnTPA |
4. Jindal Steel and Power
Jindal Steel and Power or JSPL is a subsidiary of OP Jindal Group. With its wide range of steel products providing for the wide steel supply chain. Besides, the company also works in the mining, power, and infrastructure sectors, and is headquartered in New Delhi. Its operations are across India, Australia, and Africa, and its business presence in more than 36 countries.
Jindal Steel and Power reported an annual output of 15.6 million metric tonnes in 2024. The company generated a revenue of NR 425,100 million in 2024. Even though Jindal Steel is currently behind TATA Steel and SAIL, it has the potential to emerge as the leader in the steel industry in the upcoming few years.
| Company Name | Jindal Steel & Power Limited |
| Headquarter | New Delhi |
| Founded | 1979 |
| CEO | Naveen Jindal |
| Founders | Om Prakash Jindal |
| Parent Organization | OP Jindal Group |
| Employee Count | 5,938 (2024) |
| Revenue of last Financial Year | INR 425,100 million (2024) |
| Current Production Capacity | 15.6 MnTPA |
5. Essar Steel India Limited/ArcelorMittal Nippon Steel India (AM/NS India)
With a revenue generation of INR 546,050 million in 2024, Essar Steel India Limited is among the top 5 steel company in India. Essar Steel Plant, a subsidiary of Essar Group at Hazira (Gujarat) was acquired in 2019 by ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel (Japan). This led to the formation of ArcelorMittal Nippon Steel India.
The company has produced over 600 grades of steel and provides to several industries including auto, shipbuilding, general engineering, hydrocarbon industry, etc. The organization has signed an MoU with NSIC or National Small Industries Corporation and NSDC or National Skill Development Corporation to empower and drive the MSMEs in India.
| Company Name | Essar Steel India Limited |
| Headquarter | Mumbai, Maharashtra |
| Founded | 1998 |
| CEO | Dilip Oommen |
| Founders | The Essar Group (Shashi Ruia and Ravi Ruia) |
| Parent Organization | Essar Group |
| Number of Employees | 5741 (2024) |
| Revenue of last Financial Year | INR 546,050 million (2024) |
| Current Production Capacity | 8.6 MnTPA |
6. Vedanta Limited / ESL Steel Limited
Vedanta Limited which is a renowned company in the mining sector acquired a majority stake (90%) in ESL Steel Limited, previously known as Electrosteel Limited in 2018. With its headquarters in Bokaro, Jharkhand, ESL Steel has a Greenfield manufacturing facility with 2.5 MnTPA.
Through a focus on ductile iron pipes in India, and with more than 50 years of experience, the company satisfies its vision of ‘Conveying life to individuals, safe drinking water with steel pipes for all.’ Adding steel to its diverse portfolio, Vedanta Limited focused its production on long products and ductile iron in Bokaro through its 5 million tonnes brownfield expansion and aims to become one of the top 5 steel company in India.
| Company Name | ESL Steel Limited |
| Headquarter | Jharkhand |
| Founded | 2006 |
| CEO | Ashish Kumar Gupta |
| Founders | Anil Agarwal |
| Employee Count | 837 (2024) |
| Revenue of last Financial Year | INR 1. 42 trillion (2024) |
| Current Production Capacity | 2.5 MnTPA |
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7. Vizag Steel (RINL – Rashtriya Ispat Nigam Limited)
Rashtriya Ispat Nigam Limited (RINL) operates as a central public sector enterprise under the Ministry of Steel, Government of India. It serves as the corporate entity for the Visakhapatnam Steel manufacturing facility, which is often referred to as Vizag Steel. RINL is widely known for its long products. RINL was established as a Navratna in 1982 and is the country’s first integrated steel plant along the shores with an annual production capacity of 3.0 Million Tons.
RINL, under its various steel brands, produces numerous steel products like TMT bars, wire rods, structural products, and flat products such as hot-rolled coils, cold-rolled coils, and galvanized steel sheets. It is in partnership with RINMOIL Ferro Alloys Private Limited and International Coal Ventures Limited and generated INR 231,290 million in 2023, becoming a leading player in the steel industry in India.
| Company Name | Rashtriya Ispat Nigam Limited |
| Headquarter | Visakhapatnam, , Andhra Pradesh |
| Founded | 1982 |
| CEO | Atul Bhatt |
| Founders | Ministry of Steel, Government of India |
| Parent Organization | Visakhapatnam Steel Plant (VSP) |
| Employee Count | 12,300 (2024) |
| Revenue of last Financial Year | INR 231,290 million (2023) |
| Current Production Capacity | 3.1 MnTPA |
8. Godawari Power and Ispat Limited
Godawari Power & Ispat Limited (GPIL), a part of Hira Group was founded in 1999, however, its commercial operations started in 2001. Based in Raipur, the organization is a major producer of mild steel wires, sponge iron, ferroalloys, steel wires, oxygen gas, fly ash brick, captive electricity, and wire rods in India.
Godawari Power and Ispat Limited makes its place in the top 10 steel manufacturers list, especially for its quality iron pellets production. With an annual production capacity of 2.2 MnTPA, the company is the third largest producer of coal-based sponge iron in India and raised a revenue of INR 55,546 million in 2024.
| Company Name | Godawari Power and Ispat Limited |
| Headquarters | Raipur |
| Founded | 1999 |
| CEO | Bajrang Lal Agrawal |
| Founders | Bajarang Lal Agrawal |
| Parent Organization | Hira Group of Industries |
| Employee Count | 2,995 (2024) |
| Revenue of last Financial Year | INR 55,546 million (2024) |
| Current Production Capacity | 2.2 MnTPA |
9. APL Apollo Tubes
Headquartered in Delhi NCR, APL Apollo Tubes is a leading structural steel tube manufacturer in India, with a capacity of 2.6 million tons per annum. Established in 1986, the company offers a range of steel tubes and pipes for diverse applications, like structural, construction, infrastructure, and engineering projects.
The company operates around 11 manufacturing plants in India, along with a manufacturing facility in the United Arab Emirates. With the demand for its products domestically and extensive exports to over 20 countries globally, the company increased its total capacity to 3.8 million metric tonnes and raised the company’s shares by 30.84%.
| Company Name | APL Apollo Tubes |
| Headquarter | Ghaziabad |
| Founded | 1986 |
| CEO | Sanjay Gupta |
| Founders | Late Sudesh Kumar Gupta |
| Parent Organization | — |
| Number of Employees | 2587 (2024) |
| Revenue of last Financial Year | INR 181,937 million (2024) |
| Current Production Capacity | 3.8 MnTPA |
10. Ratnamani Metals & Tubes Limited.
Founded in 1983, Ratnamani Metals & Tubes Limited is a leading manufacturer of stainless steel and carbon steel pipes in India. The company offers a range of products serving diverse industries like oil and gas, petrochemicals, pharmaceuticals, water treatment, and more.
With its headquarters in Ahmedabad, Ratnamani Metals & Tubes Ltd. has a global presence in several countries, including the Middle East, South Korea, France, and others, with manufacturing facilities in Chhatral & Indrad (close to Ahmedabad) and Bhimasar (near Gandhidham, Kutch). The organization generated a revenue of INR 51,323 million in 2024, becoming another key player in the steel industry in India and making its place in the list of top 10 steel companies in India.
| Company Name | Ratnamani Metals & Tubes Ltd |
| Headquarter | Ahmedabad |
| Founded | 1983 |
| CEO | Manoj Sanghvi |
| Founders | Prakash Mishrimal Sanghvi and Jayantilal Mistrimal Sanghvi |
| Parent Organization | – |
| Number of Employees | 2,922 (2024) |
| Revenue of last Financial Year | INR 51,323 million (2024) |
| Current Production Capacity | 61,500 TPA for stainless steel pipes and tubes, 510,000 TPA for carbon steel pipes |
Summing Up
India is a hub for steel production owing to the large quantities produced by these companies, which not only supports India in attaining self-reliance in steel and its ore but also contributes to the nation’s GDP by producing surplus for export. The vision of these steel manufacturers toward producing high-quality products along with keeping sustainable development in mind makes the steel industry a successful one.
After China, India is the second-largest hard coal-producing country and has the fifth-largest reserve of crude ore and iron content in the world which makes it convenient for steel production. Besides, the government’s role in the industry also plays a key role. With SAIL, as one of the leading producers of steel in India, the government ensures the production of quality materials and large production for laying the foundation of modern industries.