India is currently the world’s 3rd largest producer of crude steel. India is expected to become the 2nd largest producer of crude steel in the world soon. Crude steel production in India grew at the rate of 5% per annum from 74.29 mtpa in 2011-12 to 89.79 mtpa in 2015-16.
Steel Authority of India (SAIL), Tata Steel Lmt., JSW Steel Lmt., Rashtriya Ispat Nigam Limited (Vizag Steel), Jindal Steel & Power Lmt. are the top 5 Steel Companies in India with the production of 40.376 mt in the period of April-December 2016-17.
Some of the highlights of the top Steel Companies in India are as follows:-
Steel Authority of India Limited (SAIL)
First in the list is the largest state-owned steel-making company based in Delhi.
Some of the key highlights of the SAIL are:-
The company has achieved a turnover of Rs. 49,180 crores during the Financial Year 2016-17. It was 14% higher from the previous year.
SAIL has increased the production of Hot Metal from 15.72 Million Tonnes (MT) to 15.73 Million Tonnes (MT) in the period 2016-17.
The company has seen a remarkable increase in the production of Crude Steel from 14.29 MT to 14.50 MT in the year 2016-17.
The company has produced record-breaking of 13.87 MT Saleable Steel in the year 2016-17.
SAIL has shown significant growth of 9% in the production of Continuously-Cast Steel from the last year.
The company has seen a growth of 1% in Sinter production respectively.
Fifth in the list is a part of OP Jindal Group. Its headquarters is located in Delhi, India.
Some of the key highlights of the JSPL are:-
The company’s turnover for the year 2016-17 was 25,334 Crores.
JSWL is equipped with 8.1 MnT capacity Steel-making Plant and 9MnT capacity Pellet-making Plant.
The company has India’s largest 5 MTPA Sinter Plant, world’s largest 1.4 MTPA Rebar Mill, Most advanced 1.2 MTPA Plate mill, world’s fastest 2.3 MTPA billet caster, and India’s largest 3.2 MTPA Blast Furnace at Angul, Odisha.
Last in the list is a part of Essar Global Fund Limited. Its headquarters is located in Mumbai, India.
Some of the key highlights of the ESSAR Steel are:-
Essar Steel has a capacity of 14 MTPA Steel production with 10 MTPA integrated facilities in India, 20 MTPA Pellet facilities and 4 MTPA Steel Processing facilities.
This company claims to have been a zero waste company.
So friends here ends the list of Top 5 Steel Companies in India. However, some of the other well-known producers of steel in India are Visa Steel, Bhushan Steel, Welspun Corp., and Ferro Alloys Corporations.