Top Steel Companies in India

The concept of manufacturing steel emerged in the year 1907 when Tata Steel (formerly known as Tata Iron and Steel Company) was registered followed by Indian Iron and Steel Company (IISCO) in 1918 as well as Mysore Iron and Steel Works (MISW) in 1921. According to the 2008 reports, India makes the fifth position when it comes to manufacturing steel. The public sector equally plays an influential role when it comes to manufacturing steel. For instance, SAIL or steel authority of India includes the three steel plants namely Durgapur, Bhilai and Rourkela. Let us now take a look at the different steel companies in India.

Top 10 Steel Companies in India

Essar Global- Committed to creative growth, this holding company engages in oil, steel and gas, communications, power, logistics, shipping and construction. The company has its base in Canada, India as well as the United States. Besides, it also has projects and investments in the Middle East, Africa, the South East Asia and the Caribbean. The company has its headquarters in Mumbai and is a subsidiary of Essar G.

JSW Steel – This Company is considered to be the lowest cost steel manufacturers in the world. Its presence is strongly felt in the worldwide value steel sector soon after it established its steel mill in the United States and service center in the United Kingdom. Besides, it has also come up with a joint venture for establishing a steel plant in Georgia. It has also tied up with Japan’s JEE steel corp. for producing high quality automotive steel. It has also acquired mining centers in USA, Chile, and Mozambique.

Tata Iron and Steel Co Ltd (TISCO)- This company holds a prominent position amongst the top global steel makers. Incorporated in the year 1907, the company has expanded worldwide since 2004. Tata steel is a significant part of Tata Group, the largest industrial conglomerate of India. Both Tata Steel and Tata are known for their long history of social responsibility and charitable donations. In fact, Tata spends about four percent of the company’s profit for catering to corporate social responsibility. Tata Steel aims at improving the quality of life in the spheres where in the company has its operations.

Steel Authority of India (SAIL)- This is a leading steel making company in India. The company solely focuses on steel making and manufactures both special and basic steels for domestic construction, power, engineering, automotive, defence and railway industries. It also manufactures steel so as to sell it to the export marketers. The steel plants that are grouped under sail are as follows-

· Bhilai Steel Plant (BSP)
· Bokaro Steel Plant (BSL)
· Durgapur Steel Plant (DSP)
· Romelt-SAIL (India) Ltd
· Rourkela Steel Plant (RSP)
· Salem Steel Plant (SSP)

Jindal Steel Limited- Jindal Steel is considered to be the largest manufacturer of stainless steel and caters to about forty percent of Indian demand. The steel plants that can be grouped under Jindal Steel Limited are as follows-

Jindal Iron And Steel Company Limited 
Saw Pipes Limited 
Jindal Vijayanagar Steel Limited 
Jindal Steel And Power Limited 
Saw Pipes Usa Inc. 
Jindal United Steel Corporation 
Jindal Thermal Power Company Limited 
Jindal Praxair Oxygen Company Limited 
Vijayanagar Minerals Private Limited 

Lloyds SteeI Industries Ltd- Lloyds Steel is a division of the reputed Lloyds group. Located in Wardha, all modern equipments and facilities have been installed for manufacturing high quality hot rolled coils, galvanized sheets and coils.

North Bengal Dolomite Limited- This is a joint venture between West Bengal Mineral Development & Trading Corporation and Steel Authority of India Ltd (SAIL).

Indian Iron and Steel Company- In 2006 SAIL or Steel Authority of India Ltd. took over this company. The company manufactures steel and also engages in iron making, coke making as well as steel making. Besides, it also manufactures rods, angles and special sections. Incorporated in the year 1918, it also owns iron ore mines in Gua, Chiria and Mandharpur and collieries in Jitpur, Chasnala, and Ramnagar. The company has its base in Burnpur, India. Hindustan Steel Works Construction Limited (HSCL)- HSCL was established in the year 1964 and is considered to be one of the leading steel companies in India. The company enjoys an annual turnover of Rs.696 Crore.

Visakhapatnam Steel Plant- Visakhapatnam is popularly recognized as the steel city of India. Now it got its name because of the Visakhapatnam Steel Plant. A venture of Ispat Nigam, this steel plant has undergone multiple transformations in the past few years.

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