List of Top 10 Best Steel Company in India 2024

In this blog post we have covered the top 10 best steel company in India. This list is very helpful for those who are interested in buying shares or steel products of these companies.

The Iron and Steel Industry is one of the major industries in India. According to IBEF, the current steel producing capacity of India is approx. 140 million tonnes in 2020-21 and the figure is anticipated to rise to 300 MTPA by 2030-31. Where, the current steel production all over the world is 1864 million tonnes in 2020. After China, India is the second largest producer of steel in the world.

Top 10 Best Steel Company in India 2024

1. SAIL

We include SAIL among the top 10 steel companies in India. It is one of the 7 ‘Maharatna’ Companies of India. Steel Authority of India Limited (SAIL) is the largest steel and TMT bars manufacturing company in India which produces a wide range of steel products.

• Full Form of SAIL: Steel Authority of India Limited
• Owner: Central Government of India.
• Establishment: 1954.
• Headquarter: New Delhi
• Production Capacity: 21 MTPA (Million Tons Per Annum)
• No. of Employees: 65,807
• Revenue: ₹62,569 Cr. (in 2020)
• Total Sale: Rs 57,496 Cr.

Traded as:-

• NSE: SAIL
• BSE: 500113
• LSE: SAUD
• ISIN Code: INE114A01011

Plants Location:

SAIL operates five integrated steel plants at Bhilai, Rourkela, Bokaro, Durgapur and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. Out of them Bhilai steel-plant is the largest steel plant in India. SAIL also has a Ferro Alloy plant at Chandrapur.

Products:

Pig Iron, Cold Rolled and Hot Rolled Steel, Pipes; Semis, Structurals, TMT Rebars, Galvanised Products, Plates, Railway Products, Wheels and Axles, Stainless Steel Products, Electrical Steels, SAIL SEQR TMT Bars, SAIL NEX.

2. Tata Steel Limited

Also, Tata Steel Ltd. (formerly TISCO) is one of the top 10 steel companies in India. The company is one of the world's top steel bar producers with operations in 26 countries and a commercial presence in over 50 countries. Its largest plant (having capacity 10 MTPA) is located in Jamshedpur, Jharkhand.

• Owner: Tata Group
• Establishment: 26 August 1907
• Founder: Jamsed ji Tata.
• Headquarter: Mumbai
• Production Capacity (Worldwide): 35 MTPA
• Production Capacity (In India): 19.6 MTPA
• Total Sales: ₹ 1,60,769 Cr.
• No. of Employees: 32,364 (in India) and 80,500 (all over the world)
• Revenue: ₹ 141,660 Cr.

Traded as:-

• BSE: 500470
• NSE: TATASTEEL
• BSE SENSEX Constituent
• NSE NIFTY 50 Constituent
• ISIN Code: INE081A01012

Plants Location in India:

Kalinganagar and Dhenkanal in Odisha, Jamshedpur in Jharkhand, Sahibabad in Uttar Pradesh and Khopoli in Maharashtra.

Products:

Locomotive Parts, Galvano, Tata Bearings, Tata Pipes, Tata Precision Tubes, Tata Agricultural Equipment, Tata Cable and Wire, Tata Tiscon (Rebars), Tata Steel for Industrial Uses, Long Steel Products, Tata Structural Steel, Tata Wiron, Steel Casing Pipes and Household Goods.

3. JSW Steel Limited

In addition, JSW Steel Ltd. is considered one of the top 10 steel companies in India. The company is a leading integrated steel producer and exporter with presence in over 100 countries. It is a flagship company of the JSW Group.

• Full form of JSW: Jindal South West
• Owner: JSW Group
• Establishment: 1982
• Founder: Sajjan Jindal
• Headquarter: Mumbai, Maharashtra
• Production Capacity: 18 MTPA
• Total Sales: ₹ 84,050 Cr.
• No. of Employees: 12,600
• Revenue: ₹ 73,872 Cr.

Traded as:-

• BSE: 500228
• NSE: JSWSTEEL
• NSE NIFTY 50 Constituent
• ISIN Code: INE019A01038

Plants Location in India:

The company has 6 steel plants at Vijayanagar in Karnataka, Salem in Tamil Nadu and Tarapur, Vasind, Kalmeshwar and Dolvi in Maharashtra.

Products:

TMT Bars and Rods, Wire Rods, Especially Alloy Steel, Hot Rolled (HR) Steel, Cold Rolled (CR) Steel, Colour Coated Products, Galvanized Steel, Galvalume, Avante Steel Doors.

4. ESSAR Steel India Ltd.

ESSAR Steel India Ltd., a part of ESSAR Group, is a well-known steel-products manufacturing company across India. It is among the top 10 steel companies in India. This company is very popular in Maharashtra, Gujarat and Rajasthan.

• Owner: ArcelorMittal Nippon Steel India Limited
• Establishment: 1998;
• Founder: Shashi Ruia and Ravi Ruia.
• Headquarter: Mumbai, Maharashtra
• Production Capacity: 10 MTPA
• No. of Employees: 10,001+
• Revenue: ₹ 1400 Cr.

Traded as:-

• NSE: ESSARSTEEL
• BSE: 500627
• ISIN Code: INE127A01021

Plants Location:

Only one integrated steel plant in Hazira in Surat district of Gujarat.

Products:

TMT rebars, Hot rolled steel, Cold rolled steel, Galvanised steel, Colour coated Plates, Pipes Shot blasted and primed plates, Factory welded beams, Burnt-to-shape plates, Trapezoidal blanks, Chequered plates.

5. Jindal Steel and Power Ltd.

Also, Jindal Steel and Power Ltd. is one of the top 10 steel companies in India. The company is a flagship of famous company 'Jindal Group'. This is one of the most respected brands known for its great steel-products and specially TMT bars utilized the whole way across the nation.

• Owner: Jindal Group
• Established: 1979 in Hisar, Hariyana
• Founder: Om Prakash Jindal
• Headquarter: New Delhi
• Production Capacity (Worldwide): 11 MTPA
• Production Capacity (in India): 8.6 MTPA
• Production Capacity (in Oman): 2.4 MTPA
• Total Sales: ₹ 39,652 Cr.
• No. of Employees: 6,153+
• Revenue: ₹ 36,943 Cr.

Traded as:-

• BSE: 532286
• NSE: JINDALSTEL
• ISIN Code: INE749A01030

Plants Location in India:

Raigarh and Raipur in Chhattisgarh, Angul in Odisha, Patratu in Jharkhand, Tensa and Barbil in Odisha.

Products:

TMT rebars, Parallel Flange Beams and Columns, Angles and, Channels, Plates, Coils, Wire Rods, Fabricated Steel Structures, Speedfloor, EPS Panel, Light Gauge Structures, Insulated Dry Wall Panel and Jindal Global Road Stabilisers (JGRS).

Must read: Top 10 best TMT bars/rods in India

Must read: Top 10 best cement companies in India

6. Rashtriya Ispat Nigam Limited (RINL)

Also, Rashtriya Ispat Nigam Ltd. (RINL) is one of the top 10 steel company in India. This is a Navratna Company under the Ministry of Steel, Govt. of India.

Visakhapatnam Steel Plant, first plant of RINL, fondly called Vizag Steel. It is the first shore-based Integrated Steel Plant in India and is known for its quality products delighting the customers.

• Owner: Central Government of India
• Establishment: VIZAG Steel Plant is established in 1971 while RINL is founded in 1982.
• Headquarter: Visakhapatnam Steel Plant (VSP), Visakhapatnam, India.
• Production Capacity: 7.3 MTPA.
• Total Sales: ₹ 20,844 Cr.
• No. of Employees: 17,600+
• Revenue: ₹ 15,920 Cr. (in 2020)

• Rashtriya Ispat Nigam Ltd. (RINL) is not listed on BSE/NSE.

Plants Location:

Visakhapatnam Steel Plant (VSP), Visakhapatnam, Andhra Pradesh.

Products:

TMT rebars, Hot rolled steel, Cold rolled steel, Galvanised steel, Colour coated Plates, Pipes Shot blasted and primed plates, etc.

7. ESL Steel Limited

ESL Steel Limited (Formerly Electrosteel Steels Limited) is seventh largest in the list of top 10 steel company in India. In 1994, it established the first Ductile Iron Spun Pipe plant in Kharada, India and is now one of the five largest producers of spun iron pipe in the world, with a production capacity of 0.28 MTPA. The company has established itself as an international brand that values​​commitment to excellence. It is now one of the best steel manufacturing companies in India.

• Owner: Vedanta Limited
• Establishment: 2006 
• Headquarter: Bokaro, Jharkhand
• Production Capacity: 1.5 MTPA
• Total Sales: ₹ 4377.51 Cr.
• No. of Employees: 2,153
• Revenue: ₹ 31,594.74 Cr.

Traded as:-

• NSE: ELECTROSL
• BSE: 533264
• ISIN CODE: INE481K01021

Plant Location:

Siyaljori, Bokaro in Jharkhand.

Products:

TMT Rebars, Pig Iron, Billets, Wire Rods and Ductile Iron Pipes.

8. NMDC Limited

We also include NMDC among the top 10 steel company in India. It is one of the ‘Navratna’ companies of India since 2008. It was established as a public sector undertaking to discover, develop, and exploit non-fuel and nuclear mineral resources. This company is active in the exploration of iron ore, copper, rock phosphate, dolomite, gypsum, limestone, bentonite, magnesite, tin, tungsten, graphite, diamond, etc. Now NMDC Ltd. is the largest manufacturer of iron ore in India with 35 MTPA production capacity.

• Full Form of NMDC: National Mineral Development Corporation
• Owner: Central Government of India
• Establishment: 15 November 1958
• Headquarter: Hyderabad, Telangana
• Production Capacity: 43 MTPA (mining capacity)
• No. of Employees: 5,887+
• Revenue: ₹ 11,699.22 Cr.

Traded as:-

• NSE: NMDC
• BSE: 526371
• ISIN Code: INE584A01023

Plant Location:

Nagarnar (Jagdalpur) in Chhattisgarh.

Operating Mines:

• Bailadila Iron Ore Mine, Kirandul Complex, South Bastar district, Dantewada in Chhattisgarh.
• Bailadila Iron Ore Mine, Bacheli Complex, South Bastar district, Dantewada in Chhattisgarh.
• Donimalai Iron Ore Mine, Donimalai, Bellary district in Karnataka.
• Diamond Mining Project, Majhgawan, Panna in Madhya Pradesh.

Products:

HR Plates & Sheets, API - 5L quality Plates and Coils, LPG Cylinders, HR Coils General Engineering Steels, High Carbon Steel, Silicon Steel, etc.

9. Tata Steel BSL Limited

Tata Steel BSL Limited (formerly Bhushan Steel Limited) is one of the largest manufacturer and supplier of steel in India with the largest manufacturer of auto-grade steel. It is the fifth largest secondary steel producing company in India. We include Tata Steel BSL Limited in the list of top 10 steel manufacturing companies in India.

• Owner: TATA Steel Ltd.
• Establishment: 1987
• Headquarter: Kolkata, West Bengal
• Production Capacity: 5.2 MTPA
• No. of Employees: 5000+
• Revenue: ₹ 12494.4 Cr.

Traded as:-

• BSE: 500055
• NSE: TATASTLBSL
• ISIN Code: INE824B01021

Plants Location:

Sahibabad Industrial Area (Ghaziabad) in Uttar Pradesh, Khopoli in Maharashtra, Angul (Meramandali) in Odisha, Hosur in Tamil Nadu

Products:

Coil, Cold Rolled Steel, Galvanised Products, Bhushan Galume Sheets, Tata Shaktee, Colour Coated Tiles, H&T Steel Strips, Wire Rods, Alloy Billets, Sponge Iron, API Pipes, Tubes of OEM Grades.

10. Shyam Steel Industries Ltd.

Shyam Steel Industries Limited is a well-known steel manufacturing company in India producing top level quality TMT bars of all sizes required for homes, workplaces, and enterprises. We also include Shyam TMT bars among the top 10 steel company in India.

• Owner: Sri Shriram Beriwal
• Establishment: 1953
• Headquarter: Kolkata, West Bengal.
• Production Capacity: 0.75 MTPA
• No. of Employees: 1001 to 5000
• Revenue: Over ₹ 500 Cr.
• Total Sales: ₹ 3,000 Cr.

• Shyam Steel Industries Ltd is not traded on BSE/NSE.

Plants Location:

The company has 4 integrated steel plant in West Bengal.

Products:

TMT Rebar, Billets, Structural Steel, Ferro Alloy & Sponge Iron.

Must read: Top 10 best TMT bars/rods in India

Must read: Top 10 best cement companies in India

Total-crude-steel-production-in-million-tonnes

Consumption-of-steel-in-million-tonnes

Which are the top 10 steel companies in India?

The top 10 steel companies in India are -

1. SAIL,
2. Tata Steel Limited,
3. JSW Steel Limited,
4. ESSAR Steel India Limited,
5. Jindal Steel and Power Limited,
6. Rashtriya Ispat Nigam Limited,
7. Radha Smelters Pvt Ltd,
8. NMDC Limited,
9. Tata Steel BSL Limited and
10. Shyam Steel Industries Limited.

FAQ's:-

Q. Which is the best steel company in India?

Ans. SAIL is the best steel company in India with 21 MTPA production capacity and five integrated steel plants, three special steel plants and one Ferro Alloy plant.

Q. Which is the largest steel company in India?

Ans. SAIL is the largest steel company in India with 21 MTPA production capacity and five integrated steel plants, three special steel plants and one Ferro Alloy plant.

Q. Which is the largest steel plant in India?

Ans. Bhilai Steel Plant, a flagship integrated steel plant unit of Steel Authority of India Limited (SAIL), is the largest steel plant of India.

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