Steel, the backbone of industrial development and infrastructure, plays a pivotal role in shaping India’s economic landscape. As we navigate through the year 2024, it’s essential to shed light on the leading steel manufacturers driving growth and innovation in the country’s steel sector. Here, we present a comprehensive overview of India’s top 10 steel companies based on their production capacity, market share, and technological advancements.
Steel Companies of India
In 2024, India’s steel sector thrives with companies like Tata Steel, JSW Steel, and SAIL leading the charge. With cutting-edge technology and sustainable practices, these giants dominate the market, meeting diverse industrial needs. Essar Steel, JSPL, and AM/NS India further bolster the industry, emphasizing innovation and quality. From Bhushan Steel to RINL, the sector showcases 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), established on August 26, 1907, stands as India’s pioneering steel manufacturing plant. Founded by Jamsetji Tata and Dorabji Tata in Jamshedpur, Jharkhand, TISCO holds the distinction of being the first-ever steel company in the nation. Since its inception, TISCO has played a pivotal role in shaping India’s industrial landscape and continues to be a cornerstone of the country’s steel sector.
Top-10 Steel Companies in India
Tata Steel Ltd., established in 1907, holds the distinction of being the largest steel company in India, followed by Steel Authority of India Limited, Visa Steel Ltd. and Rashtriya Ispat Nigam Limited.
Here is the list of top-10 largest steel companies in India:
| Largest Steel Companies in India | |||
| Rank | Name | Establishment | Headquarters |
| 1. | Tata Steel Ltd. | 1907 | Mumbai |
| 2. | Steel Authority of India Limited (SAIL) | 1954 | New Delhi |
| 3. | Visa Steel Ltd. | 1994 | Kolkata |
| 4. | Rashtriya Ispat Nigam Limited (RINL) | 1962 | Visakhapatnam |
| 5. | JSW Steel | 1982 | Mumbai |
| 6. | Essar Steel | 1998 | Mumbai |
| 7. | Jindal Steel and Power Ltd. | 1979 | New Delhi |
| 8. | Electro Steel Castings Ltd. | 1955 | Kolkata |
| 9. | Mideast Integrated Steel Limited (MISL) | 1992 | Odisha |
| 10. | Godawari Power and Ispat Ltd. | 1999 | – |
Largest Steel Company in India – Tata Steel Limited
Establishment: 1907
Headquarter: Mumbai
Tata Steel, founded in 1907 by Jamshed Ji Tata, stands as India’s largest steel company. Formerly known as Tata Iron and Steel Company Limited (TISCO), it was Asia’s first steel firm. With headquarters in Mumbai and a significant presence in Jamshedpur, Jharkhand, Tata Steel boasts a crude steel capacity exceeding 30 million tonnes annually. Its integrated operations span mining, manufacturing, and global distribution, serving markets across 50 countries.
India’s Second Largest Steel Company – Steel Authority of India Limited (SAIL)
Establishment: 1954
Headquarter: New Delhi
SAIL (Steel Authority of India Limited), founded in New Delhi in 1954, stands as India’s second largest steel manufacturer and a Maharatna Central Public Sector Enterprise. With a focus on modernization and green technology, SAIL is among the fastest-growing steel companies in India. Operating five integrated plants and three special steel plants across the country, it produces a diverse range of steel products, emphasizing efficiency and sustainability. In FY20, SAIL mined 32.40 million tonnes of iron ore, fluxes, and coal, solidifying its position as a leader in the industry.
Third Largest Steel Company of India – Visa Steel Ltd.
)
Establishment: 1994
Headquarter: Kolkata
Visa Steel Ltd, a part of the VISA Group and founded by Mr. Vishambhar Saran in 1994, emerges as one of India’s top steel companies. Established in 2003 and headquartered in Kolkata, Visa Steel is now ranked third among India’s leading steel manufacturers. With three steel plants and a production capacity exceeding a million metric tonnes, it is renowned for its Ferro Chrome Plant in Kalinganagar, Odisha, equipped with six submerged Arc Furnaces and 3*25 MW Power Generating Units.
