Indian steel Industry and top 15 Iron and Steel companies of India

Iron and Steel Companies of India
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Iron and Steel Companies of India

The iron and steel industries in India are a major industry. This industry continues to drive the country’s industrial expansion. It is one of India’s largest industries and it is the responsibility of various small and medium-sized enterprises. The industry is dependent on transport and communication, the energy and fuel industry is dependent upon it.

India has been the second-largest steel producer in the world and had a production volume of 106.5 MT in 2018. In the Indian steel industry, the growth is powered by domestic accessibility of raw materials, such as iron ore and economic work. As a result, the steel sector has played an important role in the development of India. India’s capacity to produce steel in FY19 grew to 137.975 million tons. India in 2019 outstripped Japan, with crude steel production at 111.2 million tons, to become the world’s second-largest steel producer.

With state-of-the-art steel mills, India’s steel industry is modern. It has also tried to continually modernize and update older plants and improve energy efficiency.

Indian steel industries include large producers, main producers, and secondary producers, which are listed in three categories.

Size of the market

Steel Industry Isometric Poster

India’s final consumption of steels increased by 7.5% in FY08-FY19 to 97.54 million Tons at CAGR, and its production of rough steels and finished steel in India increased to 106.56 million tons and 131.57 million tons respectively in 2018-19. Crude steel and finished steel were 100.78 MT respectively and 94.01 MT in FY20 (until February 2020).

The steel exports from India contributed to 6.36 MT in 2018–19. FY20P (by February 2020) accounted for 7.78 MT for exports and imports of fined steel respectively 6.39 MT.

Top 15 Iron and Steel companies of India

Iron and Steel Industry

Tata Steel

With an annual crude steel capacity of 33 million tons per annum (MTPA), the Tata Steel Group is one of the leading global steel companies. It is one of the most geographically diverse steel manufacturers in the world with operations and a worldwide trade presence. Total revenues of U.S. $20,41 billion (INR 133,016 crore) were reported by the Group in FY18. Bhushan Steel Ltd. (now renamed Tata Steel BSL) was purchased by Tata Steel in 2018. Currently, the Indian crude steel manufacturing capacity consolidated by Tata Steel is 18.6 MnTPA.

SAIL

The Steel Authority of India Limited (SAIL) reveals its origins in the emerging country’s formative years. Following independence, the steel industry was to promote the country’s economic growth, rapid industrialization and SAIL steel played a key role in the nation’s transformation since 1973. SAIL is India’s largest steel-making company and a central public sector company among the seven Maharatna companies in the country.

Hindalco

Hindalco Industries Limited is the industry leader in copper and aluminum. It is part of the Metals Company of the Aditya Birla Group. Hindalco is the world’s largest aluminum rolling company with consolidated revenue of 18 billion USD and one of Asia’s largest primary aluminum manufacturers. A world-class copper smelter and fertilizer plant with a captive jetty include his state-of-the-art copper facility.

Aluminum units in India cover a wide range of operations throughout the country, ranging from mining bauxite, alumina processing, carbon mining, captive power generators, and aluminum smelting to rolling, extrusion and foiling downstream.

Today, as an integrated producer with a footprint in 10 countries outside India, Hindalco ranks among the world’s aluminum majors.

Jindal Steel

Jindal Steel and Power Limited (SPL) is a major steel, power, mining, and infrastructure manufacturer of India’s fastest-growing and largest intrinsic steel company. This young, agile, and responsive company operates within Asia, Africa, and Australia as part of the 18 billion dollars of OP Jindal Group. The company’s newest son, Mr. Naveen Jindal, of the legendary Shri O.P. Jindal, produces economic and efficient steel and power via a backward and forward integration process.

JSPL today sports a product portfolio that covers the market throughout the steel value chain, ranging from most flat products to a whole range of long products. The company is the first manufacturer in the country to build large, parallel flange beams for the longest (121 meters) rail in the world.

JSW Steel

JSW Steel

JSW Steel is the leading manufacturer of value-added and high-end steels in India from the humble beginnings of a single facility in 1982. They have a total of 18 million tonnes / an annual capacity in the plants in Karnataka, Tamil Nadu, and Maharashtra and are increasing the size and opening new plants to 40 MTPA. In the US, they have plates and pipes plant, and mining facilities in the United States, Chile, and Mozambique.

Essar Steel

As part of the annual production capacities of 10 MTPA, Essar Steel India is among the leading integrated steel producers from India. The most advanced facilities include iron ore advantages, pellets, iron production, steel manufacturing, and downstream installations, including a cold rolling plant, pre-coated galvanization and services, steel processing facilities, an extra-wide platform mill and three tubing factories with coating facilities. In order to ensure the consistent quality of its products, Essar Steel utilizes information technology widely. It produces over 300 steel grades that comply with international certification authorities’ quality requirements, such as API, ABS, NACE, or Lloyd’s Register. The products meet the needs of a broad cross-sector of industries, many of them import substitutes.

RINL

Rashtriya Ispat Nigam Ltd is called as Vizag Steel is a producer of public steel based in Visakhapatnam, India.

The Visakhapatnam Steel Plant’s corporate body is a Navaratna PSE under the Ministry of Steel. Rashtriya Ispat Nigam Limited Carefully called Vizag steel, Visakhapatnam Steel Plant. It is the country’s first integrated steel plant on the shore and is known to attract its customers with its high-quality products. They are an industry pioneer in long-lasting products and meet the needs of various industries. It is the first Steel Plant to have ISO 8001:2008 (now 2015), OHSAS 18001:2008 (currently in 2015), and the ISO / IEC 26001:2013 certification requirements.

NMDC

The NMDC is the largest producer of iron ore in India and was established as a public sector undertaking on 15 November 1958 to discover, develop, and exploit non-fuel and nuclear mineral resources. NMDC is active in iron mining, magnesite mining and diamond mining. It has given the status of a public sector under Schedule-A in recognition of its substantial contribution to the domestic mineral sector over the past six decades. The business was also listed as a ‘Navratna’ Public Enterprise in 2008, in recognition of its excellent results.

Monnet Ispat

The subsidiary company of the Monnet Group is Monnet Ispat & Energy Ltd. The Monnet Group is a conviction-based industrial conglomerate. It is this belief that makes it the second-largest coal sponge Iron Company in Raipur and Raigarh in the State of Chattisgarh.

Today Monnet operates the largest underground coal mine in the country, a combated capacity of 860,000 TPA, 300,000 TPA of steel, and 60,000 TPA, 150 MW for Ferro Alloys as well as for power generation facilities.

The company has more than 3300 employees.

Jayasawal Neco

The flagship of the 3500 Crore NECO Industries Group is Jayaswal Neco Industrie LTD (JNIL). As it now operates, Jayaswal Neco Industries Limited began as a small Iron Foundry unit in Nagpur in 1976. Jayaswal Neco Industries Limited (Foundry Division) is now Indian largest manufacturer, with an installed capacity of 140,000 MTPA, of castings from Iron & Steel. The foundries are based in the Maharashtra and Chhattisgarh states.

In 1996 JNIL founded the Siltara Growth Center (Raipur) 1 million MTPA Steel plant. The Steel Plant Division manufactures iron and steel products to cater to the requirements of the Indian rail and engineering industries.

Prakash Ind

Prakash Industries Limited established in 1980 is one of the largest, diverse, steel, power,

PVC pipes and fittings manufacturing companies in India today. They produce finished and semi-finished Iron & Steel products like Sponge Iron, Sponge Billet, Ferro Alloying, Wire Rods, HB Wires, TMT Bars, in the advanced steel plant in Chhattisgarh, India.

The waste heat cogeneration and carbon-based captive power plants supported their steel manufacturing process.

Electro Steels

Electrosteel Steels LTD (ESL) a globally expand metals and mining company-is own by the Group of Vedanta-Originally, ESL was found as a public LTD company in 2006.

In Bokaro, Jharkhand District, the company built a planned 2.5 MTPA integrated steel facility in the neighborhood of Siyaljori.

This built-in facility consists of Sinter, Coke Oven, Blast Furnace, Basic Oxygen Furnace, Billet Caster, Wire Rod Mill, Bar Mill, DI, and DI Pipes Plant.

Pig iron, tickets, TMT rebars, wire rods, and ductile iron pipes are part of the product range. In order to achieve consistent quality of steel products, the plant utilizes high-quality raw materials.

MAH Seamless

The flagship company of the well-diversified DP Jindal Group, Maharashtra SEAMless Limited (MSL), constituted on 10 May 1988. The company produces seam-free pipes (different capacities), which are used in oil exploration, boilers, pipelines, etc. The plant is present on the outskirts of Raigad in Maharashtra with cutting-edge technology.

Mannesmann Demag Huttentechnik, the Germany based company, has technical collaboration with the MAH Seamless.

It is able to manufacture the size of 3/4 ‘OD to 7’ OD in a hot finish and from 10 to 108 mm OD in a cold drawn and cold pilfered condition, using the world-renowned CPE technology.

The Company also produces high diameter electrical resistance soldered pipes of a size of 8 ‘to 20’ and threads of the wall of 3.2 mm to 12.70 mm, apart from seamless pipes and tubes.

As of 31 March 2019, there were six affiliate companies, two wholly-own companies in India, and four others outside India.

Godawari Power

Godawari Power & Ispat Ltd (GPIL), a public limited company. Co. (IGL),

a leader in the Industries Community of HIRA, Raipur, C.G formally Ispat Godawari Ltd,

It has been set up in 1999 to build a captive electricity-generating integrated steel plant led by Mr. B. L. Agrawal, Managing Director of the Sponge Iron Company,

a technical business pioneer with established expertise in commissioning and operating the cement plant.

Mukund

As a leading steel company in India, the company has always been commit to continually strengthening the domestic business and market position,

to strengthening the status as a leading regional player and to progress throughout their operations.

Conclusion

These are some of the top 15 Iron and Steel companies of India, The list is purely based on the research team of the best data provider and some of the source available on the web.

I hope you find this article helpful, If you want to dig deep on the Indian Steel Industry, you can always refer to the source mentioned below.

And If you’re looking for the TOP steel Manufacturing Companies Database, Please give connect with the Database expert team of Best Data Provider.

References used

https://www.ibef.org/industry/steel/showcase

http://www.moneycontrol.com/stocks/top-companies-in-india/total-assets-bse/iron-steel.html

 

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