In today’s time, it is literally impossible to do anything without steel almost every machine is created, through steel in a way or another. There is steel everywhere, in our cutlery, in our buildings, our watches, our vehicles, and even in some of our electronics. Therefore steel companies are creating quite a profit, so let’s have a look at the top 10 steel companies in India.
1. Rashtriya Ispat Nigam Limited (RINL)
One of the most money-making ventures by the Indian government, is the Rashtriya Ispat Nigam Limited [RINL]. It has been producing fine quality steel ever since its inception in the year 1982. Also known as Visag Steel, its headquarters lies in Visakhapatnam. Annually Rashtriya Ispat Nigam Limited earns an estimated two billion dollars. The company is well flourished not only in India but also all around the world.
NMDC, earlier known by the name National Mineral Development Corporation, is an Indian mineral producing company that is entirely under the state. Around 73% of the company stakes are owned by the Government of India. It was established in 1958, its headquarter is located in Hyderabad. The company is smoothly run by around 5,700 employees. Along with steel the company has specialized in the fields of exploration and manufacturing of iron, copper, magnesium, rock phosphate, limestone, diamond, tin, tungsten, etc.
3. MONNET ISPAT Pvt. Ltd.
Monnet ISPAT Pvt Ltd is a private industry, which deals with steel production plant companies in India. The company was established in 1994 but in December 2018, it started a joint venture between AION Steel Company and JSW steel Limited. The company has a world-class integrated greenfield steel plant in Raipur which produces mainly HR plates. It also claims to produce the most cost-effective steel because of the usage of modern technology which leads to the reduction of raw materials like coking coal and iron ore lumps.
4. JAISWAL NECO
Jaiswal NECO or Jaiswal Steel Industries is the child of Shiv Shambhu Group of Industries which has been an integral part of the steel production chain for more than a decade. It has its roots in Jamshedpur, Jharkhand, and is said to be one of the largest corporate groups of India. Their specialty is providing comprehensive and cost-effective steel products all over India. Their plants are well connected through road, rail, and air, enabling great connectivity throughout the country.
5. UTTAM GALVA STEEL LTD
Uttam Galva Steel is one of the biggest makers of cold-rolled steel and galvanized steel in India. Uttam Steel Plants were founded in 1985 and their headquarter is situated in Nagpur, Maharashtra. It mainly manufactures hot rolled steel and then convert them into both cold rolled steel and galvanized steel. The company is very soon starting its new integrated steel plant which is going to be established in the Satarda District of Maharashtra by the Uttam groups around 2022.
6. PSL STEEL
PSL Steel Plants are one of the prime producers of steel, not only in India but also in Pakistan. Besides, they even are the largest transporters of pipelines to the American Petroleum Institute (API).The company possesses around twelve greenfield plants scattered all around in India. Along with India the company is also well established globally. Their greenfield plant set up in Mississippi has an enormous capacity of 300,000 tons.
7. PRAKASH IND
Prakash Ind or Prakash Steelage Limited is a part of the Prakash Group of Industries, which is specialized in the production of steel pipes, pipelines, tubes, and even U-Tubes. It is a stable and growing industry of steel and pipe in India that was founded way back in 1996. They are known for producing high-quality stainless steel welding pipes and tubes. Their market is not restricted in India only, they have their branches in various global places such as North America, South East Asia, and Africa to the Middle East and Europe.
8. MAH STEEL
Maharashtra Steel Manufacturing Company another eminent steel manufacturing company of India that is based in Maharashtra. It started in 198, the company prioritizes the production and marketing of steel pipes, which include various different varieties of pipes.Their products are based on properties of durability, dimensional stability, high strength, capacitive compatibility and resistance to corrosion.
9. MSP STEEL PLANTS
MSP Steel Plants is a huge name in the Indian and Asian stell market. It was founded in the year 2003, the company managed to attain quick progress in such a competitive market. Currently, their annual turnover figure is of Rs. 1200 Crores. They have integrated greenfield steel plant at Raigarh and Chhattisgarh. Their recent event include signing an MOU with the Government of Chhattisgarh to facilitate the steel production and increase it to about 1 Million TPA.
10. GODAWARI POWER AND ISPAT LTD
Godawari Power and ISPAT Limited have integrated and formed a steel manufacturing plant in India. They have their greenfield steel plant in Raigarh, Chhattisgarh, and they work along with a lot of skilled and experienced employees. They have specialized in the production of sponge iron, billets, Ferroalloys, captive power, wires rods, steel wires, oxygen gas, fly ash brick, and iron ore pellets.