Top 10 Steel Companies in India
SUMMARY
India ranks second in the world in crude steel production, with steel as the backbone of India’s economic growth. These companies are at the forefront of India’s steel production and are key enablers of the country’s economic growth.
India’s steel industry is integral to the country’s infrastructure development, with major companies investing significantly in green steel, technologically advanced methods, and global sales.
Here are the top 10 Steel Companies in India— who started them, who owns them, and what they make.
Quick Comparison
| Rank | Company | Founded | Owner | HQ | Capacity (MTPA) |
| 1 | JSW Steel | 1982 | JSW Group (Sajjan Jindal) | Mumbai | 25 (target: 50 by FY31) |
| 2 | Tata Steel | 1907 | Tata Group | Mumbai | ~35 (global) |
| 3 | SAIL | 1973 | Government of India | New Delhi | ~23 |
| 4 | Jindal Steel & Power (JSPL) | 1979 | O.P. Jindal Group (Naveen Jindal) | New Delhi | 15.6 |
| 5 | AMNS India | 2019 | ArcelorMittal + Nippon Steel (JV) | Mumbai | 9 (target: 40 by 2030) |
| 6 | RINL (Vizag Steel) | 1982 | Government of India | Visakhapatnam, AP | 7.3 |
| 7 | APL Apollo Tubes | 1986 | Sanjay Gupta (CMD) | New Delhi | 4 |
| 8 | Ratnamani Metals | 1983 | Ratnamani family (Prakash Lakhani) | Ahmedabad, Gujarat | Specialty |
| 9 | Shyam Metalics | 2002 | Brij Bhushan Agarwal (CMD) | Kolkata, WB | 5.96 |
| 10 | Jindal Stainless | 1970 | O.P. Jindal Group (Abhyuday Jindal) | Hisar, Haryana | ~2 |
1. JSW Steel – India’s Largest Private Sector Steel Company
| Details | Information |
|---|---|
| Founded | 1982 |
| Owner | JSW Group; Chairman and Managing Director: Sajjan Jindal |
| Headquarters | Mumbai, Maharashtra |
| Listed | BSE/NSE |
JSW Steel is set to become the second-largest company in India at a market value of $30.31 billion as it ramps up production from 35.7 MT to 51.5 MT by FY31. JSW Steel started as the Jindal Iron & Steel Company in 1982 and rebranded as JSW Steel in 2005.
It is India’s largest private-sector steel producer with an installed capacity of 25 MTPA and an ambitious target of 50 MTPA by FY2030-31. The company has steel plants in Vijayanagar (Karnataka), Dolvi (Maharashtra), Salem (Tamil Nadu), Bhushan Power & Steel (Odisha), and international operations in the USA and Europe.
What it does: JSW Steel produces flat steel, long steel, and coated steel products for the automotive, construction, energy, and infrastructure sectors.
Key Products: HR coils, CR coils, galvanised coils, colour-coated coils, plates, sections, wire rods, TMT bars; Neosteel TMT rebars; JSW Steel Processing Centres; downstream value-added products.
2. Tata Steel – India’s Oldest Steel Company
| Details | Information |
|---|---|
| Founded | 1907 (as Tata Iron and Steel Company, TISCO) |
| Owner | Tata Group; Chairman: N. Chandrasekaran |
| Headquarters | Mumbai, Maharashtra |
| Listed | BSE/NSE |
Tata Steel is not only the oldest steel company in this list but also one of the oldest in the world. The company was founded by the visionary business magnates Dorabji Tata and Jamsetji Tata in 1907, and its Jamshedpur works produced India’s first steel in 1911.
Tata Steel is a truly global steel company with an annual production capacity of ~35 MTPA. It is one of India’s largest steel producers and has ambitious plans to achieve carbon neutrality by 2045.
What it does: Tata Steel produces flat steel and long steel products for the automotive, construction, engineering, packaging, and lifestyle sectors in India, the Netherlands, and the UK.
Key Products: Hot-rolled, cold-rolled, galvanised and colour-coated products; Tata Tiscon TMT bars; Tata Wiron; Tata Shaktee GC Sheets; Tata Steelium; specialty automotive and aerospace steel; Tata Steel Processing and Distribution.
3. SAIL – India’s Largest Government-Owned Steel Company
| Details | Information |
|---|---|
| Founded | 1973 |
| Owner | Government of India (Ministry of Steel; approximately 65%) |
| Headquarters | New Delhi |
| Listed | BSE/NSE |
Steel Authority of India Limited (SAIL) is India’s largest government-owned steel company, formed in 1973 as the country’s integrated steel producer. SAIL’s steel plants were established in Bhilai, Durgapur, Rourkela, Bokaro, and IISCO (West Bengal) under the technical collaboration of the Soviet Union and Germany.
SAIL recorded a turnover of US$12.3 billion in 2024 and has an annual production capacity of ~23 MTPA. SAIL is India’s largest steel producer with the highest number of integrated plants and captive iron ore mines, supporting India’s infrastructure and defense needs.
What it does: SAIL produces a wide range of flat and long steel products for the Indian government, railways, and defense sectors.
Key Products: Rails, structurals, plates, HR coils, CR strips, galvanised sheets, wire rods, TMT bars, pipes; specialty steel for defense (armour), railways (wheels and axles), and construction; SAIL brand TMT bars; pig iron and coke.
4. Jindal Steel and Power (JSPL) – Fastest Growing Integrated Steel Producer in India
| Details | Information |
|---|---|
| Founded | 1979 (as part of the O.P. Jindal Group) |
| Owner | O.P. Jindal Group; Chairman: Naveen Jindal |
| Headquarters | New Delhi |
| Listed | BSE/NSE |
JSPL was founded by the legendary industrialist O.P. Jindal, one of India’s first-generation business tycoons, and has since grown to become the fastest-growing integrated steel producer in India.
JSPL recorded a production of 9.25 MT in FY26, registering a healthy YoY growth of 14%, with sales at 8.68 MT. The commissioning of new plants at JSPL’s Angul steel complex in Odisha has propelled its production capacity to 15.6 MTPA.
What it does: JSPL produces DRI, billets, TMT bars, rails, wire rods, plates, and structural steel with captive power generation, giving it a competitive cost advantage.
Key Products: Jindal Panther TMT bars; wire rods; structural steel sections; rails for Indian Railways; plates; steel for power and infrastructure sectors; captive iron ore and coal mines.
5. AMNS India – Modern Integrated Flat Steel Plant Owned by ArcelorMittal and Nippon Steel
| Details | Information |
|---|---|
| Founded | 2019 (acquired Essar Steel through IBC) |
| Owner | ArcelorMittal and Nippon Steel (Joint Venture) |
| Headquarters | Mumbai, Maharashtra |
AMNS India is a joint venture between the world’s two largest steelmakers, ArcelorMittal and Nippon Steel, which acquired Essar Steel’s Indian assets through India’s Insolvency and Bankruptcy Code in 2019.
AMNS India operates India’s most modern integrated flat steel plant in Hazira, Gujarat, with a production capacity of 9 MTPA and an ambitious target of 40 MTPA by 2030.
What it does: AMNS India produces flat steel products including hot-rolled, cold-rolled, galvanised, and colour-coated steel for the automotive, white goods, energy, and construction sectors.
Key Products: HR plates and coils, CR coils, HDGI (hot-dip galvanised), colour-coated products; automotive-grade steels; API-grade pipes; Essar’s distribution network across India.
6. RINL – India’s Only Major Coastal Integrated Steel Plant
| Details | Information |
|---|---|
| Founded | 1982 (incorporated); 1989 (first steel production) |
| Owner | Government of India (100% PSU; Ministry of Steel) |
| Headquarters | Visakhapatnam, Andhra Pradesh |
Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, is India’s only major coastal integrated steel plant, giving it a strategic advantage over other steelmakers.
RINL was founded through technical collaboration with the Soviet Union and was commissioned in 1989. With an annual production capacity of 7.3 MTPA, RINL supplies steel to the railways, defense, construction, and oil and gas sectors.
What it does: RINL produces structural steel, wire rods, rebars, rounds, and billets for the infrastructure, construction, and industrial sectors.
Key Products: TMT bars, wire rods, rounds, squares, flats, structural sections; steel for railways and defense; pig iron; blooms for downstream processing industries.
7. APL Apollo Tubes – India’s Largest Structural Steel Tube Manufacturer
| Details | Information |
|---|---|
| Founded | 1986 (as Apollo Tubes Limited) |
| Owner | Sanjay Gupta (Chairman and Managing Director) |
| Headquarters | New Delhi |
| Listed | BSE/NSE |
APL Apollo Tubes is India’s largest manufacturer of branded structural steel tubes. The company has a production capacity of 4 MTPA across 11 manufacturing plants and is a preferred supplier of structural hollow sections to the Indian construction industry.
As the construction sector adopts alternative construction materials, demand for steel tubes is set to rise.
What it does: APL Apollo Tubes manufactures structural steel tubes and hollow sections as a downstream steel value-added manufacturer for the construction industry.
Services & Products: Hollow sections (square, rectangular, circular); structural tubes; GP/GI tubes; pre-galvanised tubes; door frames; Apollo Zenith branded products; service centres across India.
8. Ratnamani Metals and Tubes – India’s Leading Specialty Pipe Manufacturer
| Details | Information |
|---|---|
| Founded | 1983 |
| Owner | Ratnamani Family; Chairman and Managing Director: Prakash Lakhani |
| Headquarters | Ahmedabad, Gujarat |
| Listed | BSE/NSE |
Ratnamani Metals and Tubes is a specialty pipe manufacturer that has carved a niche for itself in the niche market of oil and gas, refinery, petrochemical, nuclear, and power sectors.
Ratnamani’s products are characterised by high technical content and require extensive customer approvals, giving it a competitive advantage over other steelmakers.
What it does: Ratnamani Metals produces specialty stainless steel and carbon steel pipes and tubes for the oil and gas, petrochemical, nuclear, and power sectors.
Key Products: Stainless steel pipes and tubes; carbon and alloy steel pipes; API pipes for oil and gas; submerged arc welded pipes; ERW pipes; ASTM/ASME/API certified products for nuclear and defence sectors.
9. Shyam Metalics and Energy – Integrated Sponge Iron, Billets, and TMT Bar Manufacturer
| Details | Information |
|---|---|
| Founded | 2002 |
| Owner | Brij Bhushan Agarwal (Chairman and Managing Director) |
| Headquarters | Kolkata, West Bengal |
| Listed | BSE/NSE |
Shyam Metalics was founded in 2002 and has since grown to be an integrated manufacturer of sponge iron, billets, TMT bars, and ferro alloys with a captive power plant, reducing its power costs.
With an installed capacity of 5.96 MTPA, Shyam Metalics has plants in West Bengal, Odisha, and Andhra Pradesh, serving the eastern Indian infrastructure and construction sectors.
What it does: Shyam Metalics produces integrated long steel products and captive power from multiple plants to meet the demand from construction, infrastructure, and industrial sectors in eastern and central India.
Key Products: Sponge iron (DRI), steel billets, TMT bars, wire rods, ferro alloys, pellets; captive power; Shyam SEL branding; distribution across eastern Indian markets.
10. Jindal Stainless – India’s Largest Stainless Steel Producer
| Details | Information |
|---|---|
| Founded | 1970 (O.P. Jindal); stainless steel production commenced in 1980 |
| Owner | O.P. Jindal Group; Managing Director: Abhyuday Jindal |
| Headquarters | Hisar, Haryana |
| Listed | BSE/NSE |
Jindal Stainless is India’s largest stainless steel producer, with a production capacity of ~2 MTPA, meeting ~35% of India’s stainless steel demand.
Unlike other steel producers, Jindal Stainless focuses on stainless steel, a specialty steel used in kitchenware, construction, and the automobile sectors. Jindal Stainless exports its products to over 100 countries.
What it does: Jindal Stainless produces and exports high-quality stainless steel flat products to meet the domestic and international demand for consumer, industrial, and infrastructure applications.
Key Products: Stainless steel coils, sheets, strips, blanks, and circles; Specialty alloys; products for railways (metro coach panels), architecture, kitchenware, pharma, and automotive; JSL brand products; exports to 100+ countries.
Key Market Data
| Metric | Value |
| India’s global steel rank | 2nd (after China) |
| India’s current steel capacity | ~140–155 MTPA |
| India’s target capacity (2030) | 300 MTPA |
| Annual infrastructure budget | ₹11 lakh crore |
| JSW Steel market cap (2026) | $30.31 billion |
| SAIL annual revenue (2024) | US$12.3 billion |
| JSPL FY26 production | 9.25 MT (record; +14% YoY) |
| India’s steel consumption growth | 8–10% YoY (projected) |
FAQs
1. Which is the largest steel company in India?
JSW Steel is India’s largest steel company with an installed capacity of 25 MTPA and a target of 50 MTPA by 2030. However, Tata Steel is the largest steel producer in India in terms of total production, with an annual production capacity of ~35 MTPA, including its global operations.
2. Which is India’s oldest steel company?
Tata Steel is India’s oldest steel company, founded in 1907 by the visionary business magnate Dorabji Tata and Jamsetji Tata. Tata Steel’s Jamshedpur works produced India’s first steel in 1911.
3. Which is India’s largest government-owned steel company?
SAIL (Steel Authority of India Limited) is one of India’s largest government-owned steel companies, formed in 1973 as India’s integrated steel producer. SAIL has six integrated steel plants and captive iron ore mines across India.
4. Is Jindal Steel and Power a part of the JSW Group?
Jindal Steel and Power (JSPL) and JSW Steel are separate companies, though both were founded by India’s legendary business magnate O.P. Jindal. JSW Group and JSPL belong to different factions of the Jindal family after the partition of the Jindal Group following O.P. Jindal’s death. Sajjan Jindal is the chairman of JSW Group, while Naveen Jindal is the chairman of JSPL.
5. What is AMNS India?
AMNS India (ArcelorMittal Nippon Steel India) is a joint venture between the world’s two largest steelmakers, ArcelorMittal and Nippon Steel, which acquired Essar Steel’s Indian assets through India’s Insolvency and Bankruptcy Code in 2019. AMNS India operates India’s most modern integrated flat steel plant in Hazira, Gujarat, with a target capacity of 40 MTPA by 2030.
6. What is India’s steel production target for 2030?
India’s steel production target for 2030 is 300 MTPA, up from 170 MTPA at present, supported by an annual infrastructure budget of ₹11 lakh crore.
7. Which Indian steel company is investing the most in green steel?
Tata Steel has been at the forefront of India’s green steel movement and has targeted carbon neutrality by 2045. Recently, Tata Steel sold its UK assets to focus on green steel production. JSW Steel and JSPL are also investing in green steel production using hydrogen and electric arc furnaces.
8. What is the difference between SAIL and RINL?
Both SAIL and RINL are government-owned steel companies, but RINL is India’s only major coastal integrated steel plant, giving it an edge over SAIL in terms of cost and efficiency. SAIL has six integrated plants across India, while RINL has one integrated plant in Visakhapatnam, Andhra Pradesh.
9. Which Indian steel company exports the most?
Tata Steel and Jindal Stainless are the largest steel exporters in India. Jindal Stainless exports to over 100 countries, while JSPL is India’s largest rail exporter. Ratnamani Metals exports specialty pipes to the US, Europe, and the Middle East.
10. What are the main applications of steel in India?
Steel is used in construction and infrastructure (~60%), engineering and fabrication (~15%), automobiles (~10%), tubes and pipes (~7%), railways, defense, packaging, and consumer durables. The demand for steel in India is driven by the government’s infrastructure push, including roads, bridges, metro rail, and housing.
Conclusion
India’s steel industry is at an inflection point — large enough to be the world’s second-biggest producer, hungry enough to double its capacity by 2030, and smart enough to know that the future belongs to green steel, not blast furnaces.
JSW is building the largest private steel empire India has ever seen. Tata Steel is going carbon-neutral by 2045. JSPL is posting record production year after year.
AMNS is building toward 40 MTPA with the combined might of the world’s two largest steelmakers. And SAIL — the old state giant — is quietly improving margins and benefiting from every rupee of government infrastructure spending.
The companies on this list are not just steel producers. They are the foundational infrastructure on which India’s economic ambitions — in roads, railways, housing, defence, and renewable energy — will be built. And with a 300 MTPA target ahead and the fastest-growing steel demand among major economies, the next decade for Indian steel may be the most consequential in its history.
Note: We at scoopearth take our ethics very seriously. More information about it can be found here.
