India’s crude steel production reached approximately 143 million tonnes (MT), marking a significant increase from 127 MT in the previous fiscal year (2022-23). With almost 143 MT production in 2023 (Source: IBEF), India is the second largest producer of crude steel globally. And with the new direction, there’s likely to be an increase in the domestic demand for steel.

Let’s look at the list of top steel companies and manufacturers and how they can leverage the new opportunities coming their way. We also look at the market share, production capacity, growth, revenue and other components of the top steel competitors in India.

Here is the list of the top 10 steel companies in India based on their production and export statistics in year of 2023-2024:

source: ibef.org | Steel.gov.in

Update: 2024-2025 data will be out in few months, and we will update it for you!

The primary raw materials used for steel manufacturing is iron ore and coking coal. For making steel alloys, carbon and other metal components are used. The location of the steel plant therefore is determined by its access to raw materials (and other resources such as water, clean electricity/power, and labour).

Which are the top 10 steel cities in India?

Odisha, Chhattisgarh, Jharkhand, West Bengal, Karnataka, Andhra Pradesh, Tamil Nadu, Maharashtra, and Uttar Pradesh, as such are the primary states for steel manufacturing and production.

The top 10 steel cities in India (in no specific order) are:

• Jamshedpur (Jharkhand) – We have covered an article on Jamshedpur – the iron/steel city of india, you must explore this.
• Bokaro (Jharkhand) – SAIL, Vedanta
• Rourkela (Odisha) – SAIL
• Angul (Odisha) – Jindal Steel and Power Limited (JSPL)
• Durgapur and Burnpur (West Bengal) – SAIL, IISCO
• Bhilai (Chhattisgarh) – SAIL
• Vizag (Andhra Pradesh) – Vizag Steel (Rashtriya Ispat Nigam Limited – RINL)
• Vijayanagar (Karnataka) – JSW Steel
• Salem (Tamil Nadu) – SAIL, JSW Steel
• Hazira in Surat (Gujarat) – AM/NS India Ltd. (Essar Steel)
• Dolvi and Vasind (Maharashtra) – JSW Steel

On that note, let’s take a look at the top steel manufacturing companies in India, in a particular order.

1. Tata Steel Limited

Tata Steel Limited is one of the most reputed and renowned steel manufacturers in the world. Founded in 1907, by the visionary Jamsedji Tata, it marked the beginning of the first iron and steel industry in India.

It was formerly known as TISCO (Tata Iron and Steel Company). The company currently operates in 25+ countries worldwide with key operations in the UK and Netherlands, outside of India. Its main steel plants are located in Jamshedpur, Kalinganagar, and Dhenkanal. The company’s annual production capacity has been on the rise considerably, fulfilling domestic and international demand for steel.

Tata Steel Limited, has its headquarters in Mumbai (Maharashtra) and is a part of the Tata Group of companies. For more details, visit: tatasteel.com/

Also read: Tata Steel online vendor registration process

Interesting facts about Tata Steel:

Some other interesting facts that make Tata Steel a top steel manufacturer in India are:

• Annual revenue: US$31 billion in 2023 excluding SEA operations (Source: Wikipedia)
• Number of employees: ~77,000 in 2023 (Source: Wikipedia)
• Top products: Hot rolled, cold rolled, coated coil, tubes, rebar, wire rods (Also read: List of Tata Steel products)
• Products/Brands: Tata Tiscon, Tata Steelium, Tata Shaktee, Tata Pipes, Galvanco, Tata Astrum, Tata Bearings, and more.
• Tata Steel stock price (NSE: TATASTEEL): ₹140.90 (20 February 2024)

It’s journey is a narrative of nation-building, growth, innovation and sustainability. It is a beacon of India’s industrial ambition and symbolises the blend of tradition and modernity in the realm of steel manufacturing.

Also read: A look at Tata Steel’s procurement process

How many Tata Steel plants are there in India?

Tata Steel Limited’s primary steel manufacturing plants are located in:

• Jamshedpur (in Jharkhand)
• Kalinganagar and Dhenkanal (in Odisha)

Their downstream operations are based out of:

• Jamshedpur: Tubes manufacturing and tinplate
• Kharagpur: Bearings manufacturing
• Tarapur, Pithampur and Killa: Wire manufacturing

For more details, visit: //tatasteel.com/

2. Steel Authority of India Limited (SAIL)

Another top Indian steel companies to look at is SAIL – Steel Authority of India Limited. Under the Ministry of Steel, Government of India, SAIL is a central PSU.

SAIL has a rich history and traces its origin back to 1954 when it was founded. In today’s date, it owns five integrated steel, three special steel, and one ferro alloy plant.

SAIL is a Maharatna company and headquartered in New Delhi. For more details, visit the official website: sail.co.in/

Highlights about SAIL:

Some highlights about SAIL that make it one of the leading steel producers in the country are:

• Average production capacity: 29 MTPA (expected to scale to 50 MTPA by 2025)
• Annual revenue: US$13 billion in 2023 (Source: Wikipedia)
• Number of employees: 57,000+ (Source: Wikipedia)
• Top products: steel, flat steel products, channels, angles, wire rods, TMT rebars, plates, pig iron, billets, wheels and axles, HR plates and coils, CR coils, sheets, and more
• Location of steel plants: Bhilai (Chhattisgarh), Durgapur (West Bengal), Rourkela (Odisha), Bokaro  (Jharkhand), IISCO (West Bengal)
• SAIL share price (NSE:SAIL): ₹127.25 (20 February 2024)

Also read: Tata Steel vs SAIL – Key things to know

3. JSW Steel

Announcement: 26 March 2025

JSW Steel’s rise to the top at $30.31 billion market cap comes as it expands production from 35.7 MT to 51.5 MT by FY31. With plants across India and overseas, the company is redefining global steel leadership. Parth Jindal proudly shared the achievement on X, celebrating the team behind the milestone. With global operations and ambitious targets, JSW is shaping the future of steel.
Source: Parth Jindal on X

Extremely proud to share that @jswsteel has become the largest steel company in the world in terms of market capitalisation – so proud of all the hard work put in by papa @sajjanjindal Ma @SangitaSJindal and the entire @TheJSWGroup family – we are humbled and will not stop at…

— Parth Jindal (@ParthJindal11) March 25, 2025

The next name to feature in our list of top steel companies in India, is JSW Steel or Jindal South West Steel. In recent news, the JSW Group is in plans of expansion and aims to make a cumulation investment of ₹65,000 crores in Odisha for setting up a 13.2 MTPA steel plant, along with a cement and power manufacturing unit, and greenfield jetty port (Source: The Hindu BusinessLine, February 2024).

JSW Steel is a part of the larger conglomerate of JSW Group, which saw its birth in 1982. Headquartered in Mumbai, the group has diversified into other sectors including cement, infrastructure, energy, paints and sports.

The company was initially called Jindal Iron and Steel Company (JISCO) and had established its first steel manufacturing unit in Vasind, near Mumbai. Today, as JSW Steel, its primary steel unit is in Vijayanagar, Karnataka with a capacity of 12 MTPA and is the largest single-location steel producing facility. There are 14 JSW steel plants in India at present.

For more information on JSW Steel, visit: jsw.in/

Interesting facts about JSW Steel:

Some good to know facts about JSW Steel as a company and their contribution to the steel industry:

• Average production capacity: 5 MTPA in India and USA (joint control capacity included)
• Annual revenue: US$23 billion (JSW Group revenue) (Source: Wikipedia)
• Number of employees: ~55,000 (Source: Wikipedia)
• Top products: Hot rolled, cold rolled, colour coated products, galvanised steel products, Avante Doors (wood and steel), TMT bars, wire rods, special alloy steel, and more
• Popular Brands: JSW Silveron+ (sheets), JSW Everglow (roofing), JSW Colouron+ (colour coated sheets), JSW Neosteel TMT bars (Also read: JSW Neosteel price), JSW Trusteel (HR sheets), and more
• Industries/sectors catered to: Automobile, construction, electrical applications, infrastructure, and others
• Location of steel plants: Vijayanagar, Dolvi, Kalmeshwar, Salem, Tarapur, Vasind, and more (total 14 manufacturing facilities in India)
• JSW Steel share price (NSE:JSWSTEEL): ₹816.80 (20 February 2924)

4. ArcelorMittal Nippon Steel India (AM/NS India)

The next name in the list of top 10 steel manufacturers in India is that of ArcelorMittal Nippon Steel India (AM/NS India).

It is a joint venture between ArcelorMittal and Nipon Steel (Japan) and was formed after acquiring Essar Steel’s (of Essar Group) plant at Hazira (Gujarat) in 2019.

AM/NS India produces over 600 grades of steel and caters to a wide range of industries. The company follows sustainability practices and has been an active contributor to employment generation, growth, and innovation. (Also read: Sustainability and green steel manufacturing).

In 2022, AM/NS India had announced investment around ₹60,000 crore to scale the capacity of the facility. The investment would enable to instal new technologies for steel making, improving machinery, and expanding the product mix. The company also announced that Phase One will be completed by 2026 and Phase Two will be completed by 2029 and will produce 24 MT steel. (Source: Business Today, January 2024).

AM/NS India also has signed MoU with National Small Industries Corporation (NSIC) and National Skill Development Corporation (NSDC) to boost and drive the MSME ecosystem in India.

Locations of AM/NS India Limited’s primary facilities are:

• Beneficiation facilities: Keonjhar (Odisha) and Kirandul (Chhattisgarh)
• Pellet facilities: Paradeep (Odisha), Visakhapatnam (Andhra Pradesh)
• Iron ore mines: Eklama (Chhattisgarh), Satarda (Maharashtra) and Thakurani and Sagasahi (Odisha)

For more information, visit their website: amns.in/

5. Jindal Steel and Power Limited (JSPL)

A part of the OP Jindal group, JSPL or Jindal Steel and Power Limited is the next among the top 10 steel companies in India.

It offers a wide range of steel products catering to the wide steel supply chain. Apart from steel, the group also has presence across mining, power and infrastructure sectors, and has its operations across India, Australia and Africa. It’s business presence is spread across 36+ countries. JSPL is a key player in the steel sector in India, catering to the demand for steel in automotive, construction and infrastructure.

It is an innovative group, focusing on using technology for seamless production and sustainability, working towards the country’s vision of building a strong, self-reliant and competitive economy. For more details, visit their website: jindalsteelpower.com/

• Average production capacity: 6 MTPA (steel)
• Annual revenue: US$ 6.6 billion in 2023 (Source: Wikipedia)
• Number of employees: ~22,000 in 2022 (Source: Wikipedia)
• Top products: Rails, beams and columns, mild steel stabs, mild steel, sponge iron, HR plates, angles and channels, wire rods, round bars, coils, and more
• Popular brands: Jindal Panther TMT bars, Jindal Speedfloor (flooring solutions)
• Steel plant locations: Raigarh (Chhattisgarh), Angul (Odisha), Barbil (Odisha), Patratu (Jharkhand)
• JSPL share price (NSE:JINDALSTEEL): ₹760.35 (20 February 2024)

Also read: Steel plants in Odisha

6. Vedanta Limited / ESL Steel Limited

Vedanta Limited has been a well-known name in the mining sector. In 2018, it acquired majority stake (90%) in Electrosteel Steel Limited, adding steel to its diverse portfolio.

ESL Steel has its integrated steel plant operations in Bokaro, Jharkhand. A Greenfield manufacturing facility with 1.5 MTPA capacity. It also has plans of expanding operations to 5 MTPA through brownfield expansions and key player in the growing steel industry in India. It aims to focus on ductile iron and long products, with sustainability and diversity in product range as its strategy for business expansion and growth.

For more information, visit: vedantalimited.com/

Some other details about this leading steel manufacturer in India are:

• Annual production capacity: 5 MTPA (expansion plan to 3 MTPA is on)
• Main plant location: Bokaro
• Main products: Pig iron, billets, wire rods, TMT bars, ductile iron pipes

In recent times:

As per October 2023 news, the company aims to sell its iron and steel division by March 2024. This would enable the company to focus on its key mining business and reduce debt. The steel business contributed nearly 4% of the operating profits for the company and the company is looking at both refinancing and repayment options for the sale.

The company also plans a demerger into six commodity-focused entities to attract higher investments. The sale would include its domestic iron ore business, Liberia Assets and ESL Steel Limited. (Source: Business Today, October 2023)

7. Vizag Steel (RINL – Rashtriya Ispat Nigam Limited)

Rashtriya Ispat Nigam Limited (RINL) is a central PSE under the Ministry of Steel, Government of India. RINL is the corporate entity of Visakhapatnam Steel manufacturing unit, commonly known as Vizag Steel.

A Navaratna company, it was founded in 1982 and is the country’s first shore based integrated steel plant. It was started as a 3 TPA of liquid steel capacity but has grown considerably over the years, cementing its position among the top 10 steel companies in India. For more information on Vizag Steel, visit the website: vizagsteel.com/

• Average production capacity: 3 MTPA in Visakhapatnam (expansion plans to 20 MTPA by 2027)
• Annual revenue (estimates): US$ 2.6 billion in 2018-19 (Source: Wikipedia)
• Key products: Wire rod coils, rebars, special steel, structural, plain rounds, forged rounds and more (Also read: Vizag steel price)
• Number of employees: ~14,700+ in March 2023 (Source: Wikipedia)

8. VISA Steel Limited

VISA Steel Limited is next in our list of best steel companies in India. Headquartered in Kolkata, West Bengal, it operates a special steel and stainless steel manufacturing unit in Kalinganagar, Odisha. It has also set up a 125,000 TPA Ferro Chrome plant in the same location.

A leading steel brand in the steel and ferro chrome manufacturing sector, VISA Steel is a fairly young organisation, having being founded in 2003.

You can learn more about this top steel manufacturing company on their website: visasteel.com/

9. Godawari Power and Ispat Limited

A part of the Hira Group, Godawari Power & Ispat Limited (GPIL), the company was set up in 1999 though commercial operations started in 2001.

In 2004, the first phase of its expansion was commenced. The goal is to expand capacity for:

• Sponge iron by 2,60,000 tonnes
• Steel billets by 2,00,000 tonnes
• Captive power generation by 25 MW

Today, the company is the third largest producer of coal based sponge iron in India. GIPL is an environment conscious organisation and incorporates the best practices in sustainability. The company also has power generation capabilities. Any excess is exported. It has also been awarded the Integrated Management System Certification and is the first organisation in the state of Chhattisgarh to have received the same. (Also read: Sustainability initiatives in the Interim Budget)

For more information on the company, visit the group website: hiragroup.com/

• Top products: Sponge iron (DRI), mild steel billets, mild steel wires, iron ore pellets, ferro alloys
• GPIL share value (NSE:GPIL): ₹789.10 (as of 20 February 2024)

News and latest updates:

The company intends to set a 2 MTPA capacity Green Field integrated steel manufacturing unit, at an estimated ₹6,000 crores. (Source: February 2024, unverified as appeared on Business Standard and powered by Capital Market).

The company also has approval to scale its sponge iron production to 5.94 MTPA (increase by 1 MTPA). This is for the Siltara Industrial Area in Raipur. (Source: The Economics Times, January 2024).

10. NMDC Limited

NMDC Ltd is India’s largest iron ore producer, primarily owned by the Government of India, and operates under the Ministry of Steel. Established in 1958, NMDC has played a vital role in India’s mineral sector, focusing on the exploration, production, and development of iron ore, among other minerals. The company operates large mining facilities in Chhattisgarh and Karnataka, supplying high-grade iron ore to major steel manufacturers in the country.

In addition to its core mining operations, NMDC has also ventured into steel production. In recent developments, NMDC is constructing a 3 MTPA integrated steel manufacturing unit in Nagarnar, Chhattisgarh, which is set to enhance India’s domestic steel production capacity significantly.

Interesting facts about NMDC Ltd:

Here are some key highlights of NMDC’s operations and contributions to the steel and mining industry:

• Production Capacity: 43 million tons per annum (MTPA) of iron ore (2022-2023).
• Annual Revenue: ₹25,882 crore (2022) from its mining and iron ore business.
• Number of Employees: ~5,500 (Source: NMDC annual report).
• Top Products: High-grade iron ore, lumps, and fines, which are essential raw materials for steelmaking.
• Steel Plant: The NMDC steel unit at Nagarnar, Chhattisgarh, is set to have a 3 MTPA capacity and will produce high-quality steel products for industrial use.
• Industries/Sectors Catered To: Primarily steel manufacturing, infrastructure development, and export markets.
• Location of Mines: Key mining operations in Bailadila (Chhattisgarh) and Donimalai (Karnataka).
• Export Markets: NMDC exports iron ore to Japan, South Korea, and China, contributing to India’s raw material exports.

For more information on NMDC Ltd, visit: nmdc.co.in

Recent Developments:

NMDC has made significant strides in expanding its footprint in the steel industry, with the commissioning of its integrated steel manufacturing unit in Nagarnar. The plant is expected to boost its presence in the steel production segment and add substantial value to its existing iron ore business. The company is also looking to diversify into other minerals and increase its mining capacities.

Which steel brand is best in India?

We’ve shared the list of the top 10 steel manufacturing brands in India – and each of them are renowned for their superior quality of steel.

What matters is the type of steel you are investing in and its purpose. For instance, when considering the best steel for construction, TMT bars are considered the best steel for home construction.

Some of the prominent names in the list of top TMT TMT bar manufacturers in India are:

• Tata Tiscon TMT bars
• JSW Steel – JSW Neosteel
• Jindal Steel – Jindal Panther
• Amman Steel – Amman TMT bars
• Agni Steel – Agni TMT steel bars

How to buy quality steel for business?

The list of top steel manufacturing companies in India is to help you learn about the leading steel providers in the country and the wide range of steel products available in the market.

The demand for steel has been consistently on the rise even through there have been supply chain challenges in steel and other general challenges in the steel industry. From the latest news and announcements by the government, it can be deciphered that the steel sector is on a growth trajectory and in the years to come, we can expect manifold growth for the sector across small and large players.