Top 10 Steel Companies in India 2023 (Largest Steel Plant) (2024)

Which companies are considered the best steel companies in India 2023-I have shared the list below.

Steel forms an integral part of our lives and many products ranging from daily usage to specific purposes are made from this alloy. Steel is produced from iron ore mixed with the correct amount of carbon and other elements. Producing steel is not a very easy task and requires many machinery, manpower, capital and much more. However, this tough task of steel making is carried out quite smoothly by certain steel companies of India who have contributed a lot towards steel manufacturing. There are a large number of industries in India involved in the production of steel and combined they make the country the second largest producer of steel only after China. Here is a list of top 10 steel companies in India 2023.

List of Top 10 Steel Companies in India2023

below here is presented a list of best industries in India involved in the production of steel. A total of 10 best steel companies in India have been mentioned here (not exactly in sequence) along with some basic details about them like their headquarters, founders, year of establishment, etc. Keep reading to know the details.

1. Steel Authority of India Limited (SAIL)

Steel Authority of India Limited, more commonly called as SAIL, is the largest producer of steel in India and the 20^th largest steel producer in the world. It is owned by the Indian government under the Ministry of Steel and has an annual production of 16.30 million metric tons. There are five integrated steel plants owned and operated by SAIL at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. SAIL is also one of India’s fastest growing Public Sector Units.

Owner: Government of India (64.9%)

Chairman: Amarendu Prakash

Headquarters: New Delhi, India

Founded in: 1954

Number of employees: Over 50K

Subsidiaries: Bhilai Steel Plant, Rourkela Steel Plant, MORE

Check: world’s best airports

2. Tata Steel Limited

Tata Steel Limited is a subsidiary of the Tata Group and with an annual capacity of 13 million tonnes, it is the second largest steel company in India after SAIL. The company is based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is counted among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes per annum.

• Parent organization: Tata Group
• Founder: Jamsetji Tata
• Founded in: 1907
• Headquarters: Mumbai, Maharashtra
• CEO: T V Narendran
• Subsidiaries: Tata Steel Europe, Tata Steel BSL, MORE

Check: Richest companies in the world

3. Jindal Steel & Power Limited

Jindal Steel and Power Limited (JSPL) is the third largest producer of steel in India after SAIL and Tata Steel. Other than steel, it is also a notable industry in the field of steel, power, mining, oil and gas and infrastructure. Based in New Delhi, the company manufactures and sells sponge iron, mild steel slabs, mild steel, hot rolled plates and coils, etc. The company has 6 major subsidiaries- Jindal Power Limited, Jindal Shadeed Iron & Steel Oman, Jindal Steel Bolivia, Jindal Steel & Power Mauritius, Jindal Africa Investments and Skyhigh Overseas

• Parent organization: Jindal Group
• Founder: Om Prakash Jindal
• Founded in: 1979
• Headquarters: New Delhi, India
• Number of employees: Over 20K
• Subsidiaries: Jindal Petroleum Limited, Jindal Cement, MORE

4. Rashtriya Ispat Nigam Limited

Rashtriya Ispat Nigam Limited (RINL) is a government owned steel producer company in India under the ownership of Ministry of Steel. In November 2010, the company was granted the status of Navratna company by the government of India. The company operates a 7.3 million tonne per annum capacity steel plant in Visakhapatnam. It is more popularly known as also known as Vizag Steel.

• Headquarters: Visakhapatnam, India
• Founded in: 1982
• Number of employees: ~17,574
• Headquarters location: Visakhapatnam, Andhra Pradesh
• Owner: Government of India (100%)
• Parent: Ministry of Steel, Government of India
• Subsidiary: Eastern Investment Limited (EIL)

5. JSW Steel Limited

Originally known as Jindal Iron and Steel Company (JISCO), the JSW Steel Limited is one of the topmost and the fastest growing companies in India. The company operates in more than 140 countries and after merging with ISPAT Steel, it became the second largest private sector steel company of India. JSW Steel formed a joint venture for a steel plant in Georgia and has also tied up with JFE Steel Corp, Japan for manufacturing the high grade automotive steel. JSW has also acquired mining assets in the Republic of Chile, United States and Mozambique.

• Parent organization: JSW Group
• Founder: Sajjan Jindal
• Founded in: 1982
• Headquarters: Mumbai, Maharashtra
• Number of employees: Over 12K
• Subsidiaries: Bhushan Power & Steel, Amba River co*ke Limited, MORE

6. Essar Steel India Limited- ArcelorMittal Nippon Steel India (AM/NS)

Essar Steel India Private Limited (EstIL) is a manufacturer of fully integrated flat carbon steel. It has emerged as one of the best steel manufacturing company in India and has steel plants in Minnesota (US), Vietnam, Indonesia and Trinidad and Tobago. Other than steel, the company also has manufacturing facility for ore beneficiation, pellet making and iron making. Currently, Essar Steel is owned and operated by ArcelorMittal Nippon Steel India Limited with Mr. Aditya Mittal as its Chairman.

• Founder: Shashi and Ravi Ruia (Ruia Brothers)
• Founded in: 1976
• Headquarters: Mumbai, Maharashtra
• CEO: Mr. Dilip Oommen
• Subsidiaries: Odisha Slurry Pipeline Infrastructure Limited, MORE

7. VISA Steel

Visa Steel Limited (VSL) is an integrated special and stainless steel manufacturing company situated in the Kalinganagar industrial complex of Jajpur Odisha. With 1.5 million ton integrated special and stainless steel manufacturing plant, it is one of the topmost steel manufacturer of the country. The company originally started as Visa Industries Limited but was later changed to Visa Steel Limited. It has its headquarters in Kolkata, registered office in Bhubaneswar and branches all across the country.

• Founder: Mr. Vishambhar Saran
• Founded in: 1996
• Headquarters: Kolkata, West Bengal

Check: World’s richest football players

8. Godawari Power & ISPAT Limited

Godawari Power & Ispat Limited (GPIL), formally known as Ispat Godawari Limited (IGL), is a major producer of mild steel wire. Other than this, it also manufactures sponge iron, billets, ferro alloys, captive power, wires rods, Oxygen gas, fly ash brick and pallets. It is a public limited company established in the year 1999. GPIL is a flagship Company of Hira Group of Industries based in Raipur, Chhattisgarh.

• Parent Company: HIRA Group
• Executive Director: Dinesh Agrawal
• Headquarters: Raipur, Chhattisgarh
• Founded in: 1999
• Subsidiaries: Godawari Green Energy Limited, R R Ispat Limited, MORE

9. Uttam Galva Steels

Uttam Galva Steels Limited is one of the largest manufacturers cold rolled steel (CR) and galvanized steel (GP) in Western India. Major products of this company includes cold Rolled steel, galvanized steel & color coated products. The company is also a parent company to two other plants- Uttam Galva Metallics Limited and Uttam Value Steels Limited, both at Wardha, Maharashtra.

• Founder: Rajendra Miglani
• Founded in: 1985
• Headquarters: Nagpur, Maharashtra
• Number of employees: Over 17K

10. Mideast Integrated Steel Limited

Mideast Integrated Steel Limited (MISL) is a subsidiary of the MESCO STEEL GROUP which was established in the year 1992 in Odisha. The company has technical collaboration with CMIEC now known as Sino Steel, China and also has a strategic alliance with Stemcor, UK, for marketing and financing. The company is expanding its business continuously with the aim of becoming one of India’s major fully integrated steel companies.

• Parent Company: MESCO Group of Industries
• Founded in: 1992
• Chairman: J K Singh