Steel is an important alloy and play a key role in infrastructural development of any country because of its large scale applications.
From a small needle to the huge aircraft, steel is present everywhere and India is expected to become the second-largest steel producer in the world by the end of year 2016.
Steel is production in the country is owing to its surging demand in construction, machinery building and automobile manufacturing. The industry has flourished in the country which can be attributed mainly to the factors like availability of cheap labor and raw material.
Steel industries are mainly large, medium and small-scale industries involved in production of pig iron, sponge iron,tubes and pipes, Cold Rolled & Hot Rolled pipes, Galvanized Plain & Galvanized Corrugated sheets.
In the last few decades, steel companies in India have grown tremendously and production has also increased manifold. This post describes about the Top 10 Steel Companies in India by market capitalization 2017.
10. Gallantt Ispat
The brands runs its two integrated steel Plants with Captive Power Plant and Flour Mill in the state of Uttar Pradesh and Gujarat.
Gallantt Ispat Limited (GIL) is a renowned public limited companies. The company has captured a substantial market of Sponge Iron, M.S., Billets, Re-Rolled products (TMT bars) etc.
Market Capitalization: Rs 1,883 Crore
9. Jindal Saw
The brands continously works on product development, quality manufacturing and supply chain management, stands ninth in the list of Top 10 Steel Manufacturing Companies in India 2017.
Market Capitalization: Rs 1,920 Crore
8. Welspun Corporation Limited
Welspun Corporation Limited came into existence in the year 1995, is a leading producer of steel pipes in the world and owns more than 5 manufacturing units in India. Steel Coils, Steel Strips, Steel Plates and Steel Pipes are some of the products of this company.
Welspun corp stands eighth in the list of Top 10 Steel Manufacturing Companies in India 2017.
Market Capitalization: Rs 2,162 Crore
7. Star Ferro
Stra Ferro stands seventh in the list of Top 10 Steel Manufacturing Companies in India 2017.
Market Capitalization: Rs 2,220 Crore
6. APL Apollo
APL Apollo has prominently emerged as a ‘one-stop shop’ for a wide spectrum of steel tubes, and attained a paramount market position in the segment and basks as many as 400 products.
Market Capitalization: Rs 2,240 Crore
5. Ratnamani Metals
Ratnamani Metals stands eighth in the list of Top 10 Steel Manufacturing Companies in India 2017.
Market Capitalization: Rs 3,256 Crore
4. Jindal Steel
Jindal Steel’s parent company is OP Jindal Group, which is a global business conglomerate was ranked in Forbes Asia list of Fab 50 companies.
The company is involved in plethora of production like mining iron ore and coal, sponge iron, ferro alloys and a wide range of hot-rolled and cold-rolled steel products ranging from HR coils / sheets / plates, hot-rolled structural sections and rails to CR coils / sheets, high-grade pipes and value-added items such as stainless steel, galvanised steel and coated pipes.
Market Capitalization: Rs 6,848 Crore
3. Steel Authority of India Limited (SAIL)
A Maharatna Company, Steel Authority of India Limited (SAIL) is next on this list, which was established in the year 1954. Pipes, Chains, Steel Plants, Channels, Steel Wires and Steel Bars are some of the products of SAIL. Some of the sectors in which these products are used include Construction, Automobile, Power and Defence.
SAIL has more than 10 manufacturing plants, which are located in different parts of India. Some of its manufacturing plants are Bhilai Steel Plant, Salem Steel Plant, Durgapur Steel Plant and Bokaro Steel Plant.
Market Capitalization: Rs 21,747 Crore
2. Tata Steel
The products manufactured by the company are widely used in sectors like Railway, Automotive, Power, Construction, Agriculture, etc. Tata Steel stands second in the list of Top 10 Steel Manufacturing Companies in India 2017.
Tata Steel has many manufacturing units, which are located in India and other countries in India.
Market Capitalization: Rs 41,694 Crore
1. JSW Steel
In terms of market capitalization JSW Steel stands number one and as per tonnage, it is the third largest steel producer in the country.
Apart from India, JSW Steel has operations in more than 100 countries across the world and acclaimed worldwide for high quality production of mild steel slabs, sponge iron, ferro chrome,mild steel, structural, iron ore, hot rolled plates and coils and coal based sponge iron plant.
Market Capitalization: Rs 42,688 Crore