Here is a list of the top 10 biggest steel companies in India 2017 which is based on their total assets. Some familiar names are there on the list, but some new companies have also managed to sneak into the top 10 ranking. Indian steel sector is one of the biggest in the world and giving a fierce competition to US and China. Check which ten firms are among biggest steel companies in India as of 2017 by valuation.
Top 10 Biggest Steel Companies In India 2017
1. Rashtriya Ispat Nigam Limited (RINL)
The Rashtriya Ispat Nigam Limited (RINL) is also known as Vizag Steel. The company is one of the Navratna of the Government of India. The Rashtriya Ispat Nigam Limited (RINL) was started in the year 1982 and today is one of the largest steel producers having an annual production of 3 lakh tons of steel.
Their steel producing facility is based at Visakhapatnam. You will be amazed to know that this was the first Indian steel infrastructure to get the OHSAS 18001:2007 and ISO 9001:2008.
2. Tata Steel
Tata Steel Company or Tata Iron and Steel Limited that is TISCO is one of the oldest steel firms in India and was established in the year 1907. It is India’s second largest and the world’s 11th largest steel producer. It is headquartered at Mumbai and has more than 20 manufacturing facilities throughout the globe. One of their oldest manufacturing units is at Jamshedpur also known as Tatanagar.
Tata Iron and Steel Limited that is TISCO has annual crude steel capacity are estimated 25.3 million tons and annual production capacity of around 9.7 million tons. It employs close to one lakh people.
3. JSW Steel
JSW Steel was founded in the year 1982 and is a subsidiary of the JSW Group. It is one of the largest private sector steel producing company with an annual capacity of 14.3 MTPA. You would be surprised to know that they own six steel plants which are at Salem – Tamil Nadu, Vijayanagar – Karnataka, Tarapur and Dolvi in Maharashtra, Vasind, and Kalmeshwar.
4. VISA Steel
VISA Steel is part of the VISA group and one of the largest steel companies in India. Its corporate office is based in Kolkata. The company has three manufacturing plants, two branch offices and PAN India network of distributors and dealers. They are planning to set up a steel plant in Madhya-Pradesh with capacity 1.25 million tons per annum. They already have two plants based in Odisha and Chattisgarh.
5. SAIL – Steel Authority of India Limited
SAIL is one of the largest producers of steel and is a Maharatna company. Its annual turnover is Rs. 50,627 crore and was founded in the year 1954. Their nationwide distribution network consists of 2700+ dealers, 37 branch sales offices and 24 departmental warehouses.
It produces steel products that include Hot Rolled Carbon & Stainless Steel, Blooms, Billets; Cold Rolled Stainless Steel, Channels, Angles, Joists, Narrow Slabs, etc.
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6. Bhushan Steel
Bhushan Steel has manufacturing plant at Sahibabad and headquartered in Delhi. It was founded in the year 1987. They are the 3rd secondary steel producer in the country and have their factories at Maharashtra, UP, and Odisha. It is equipped with modern machinery and skilled workforce.
Some of their clients include LG Electronics, Mahindra & Mahindra, Maruti, Godrej, Hitachi AC, Eicher Tractors, Ashok Leyland, and more.
7. Essar Steel
Essar Steel was founded in the year 1998 and is part of the ESSAR Group of Company. They have steel manufacturing operations in four countries USA, India, Canada, and Indonesia. Some of their production factories are based in Pune, Hazira Bailadilla, Dabuna, Paradip, and Visakhapatnam.
8. The Ferro Alloys Corporation Limited
The Ferro Alloys Corporation Limited has its head office in Nagpur and was formed in 1955. The company is ISO 9001:2000 certified.
9. Mahindra Ugine Steel
Mahindra Ugine Steel was founded in the year 1962 at Mumbai. It is a part of the Mahindra Group which is known for manufacturing of rings, specialty steel, and stampings.
10. Welspun Corp Ltd (WCL)
Welspun Corp Ltd (WCL) is headquartered in Mumbai and specializes in pipe and plates. Their plants are located in Karnataka and Gujarat.
These are 10 of the biggest steel companies in India as of 2017. Based on valuation, production, and revenue, these 10 Steel firms ranks among top 10.