In India, the performance of steel industry had shown quite a lot improvement and has grown in much better way over the past few years. The industry of the steel in India has gained more popular and demand as compared to other Asian countries and is one of the leading yet demanding one in the whole country. With the high performance and cutting edge technology, which it has provided so far, the companies in India are known for the great advancements in not only in steel but also in other operational areas.
In India, the development of steel has taken a good place especially due to the increase in the demand of steel products all over the world. Thanks to the improvement in science, there are so many companies in India that re known for operating in different forms such as manufacturing, producing, semi- finished and stainless steels and pig irons on large scale. Let us take a look at some of the popular companies that are known for the steel production in India.
Top 10 Steel Companies in India
1. Rashtriya Ispat Nigam Limited
This company was founded in the year 1971 and is said to be the organization of the corporate body called Visakhapatnam Steel Plant. The company has got three different mines like manganese , dolomite and limestone mine. This company also manufactures other products such as Squares, Blooms, Rounds, Beams, Wire rods, Billets, Channels
2. Steel Authority of India
This is another popular company which is also called as the SAIL. It is one of the top public sector based company which is also said to be the best steel makers in India.
The company has been producing both domestic and expert consumptions based and holds the prices of being the top most yet the leading company in the Central Public Sector Enterprises in India. It is engaged in manufacturing Alloy steel, Railway products, Galvanized steel, Stainless steel, Structurals, Cold and hot coils and rolled sheets.
3. Tata Steel
When you say steel, certainly TATA would be the first name that must be poping in your mind. Though this company has other major products range which are popular in the market, by TATA has also grown quite a well in the steel industry. It is global steel providing services based company that has been manufacturing in India. With its presence in more than 50 developed countries, this company is one of the best one to come across.
4. Visveswarayya Steels
This is basically the too unite of the steel authority of India and is the leading one in the production of alloy steels and pug iron. Looking at the quality and durability which the company offers, this industry has ended up with a separate entity in the year 1923 and is now falls under the SAIL.
5. Bokaro Steel Plant
The industry was started in the year 1964 and is steel a leading one. The city itself is known for the steel plantation which it has and is located in the district of Bokaro of the state Jharkhand. The company holds the designation of the Swadeshi Steel Plant and has now merged with the Steel Authority of India.
6. Bhilai Steels
It is another leading yet the popular steel supplying industry which also deals in importing, exporting and sticking some of the popular steels such as aluminum, iconel, brass, copper and stainless steel of course. The company is also leading one in other ranges like screwed, BW, SW pipes and has been engaged in different industries of textile, cement and sugar mills.
7. Essar Steels Limited
This company is said to be the most severability one in the steel industry which has been ever started. The company has more than 24-carat steel that is globally accepted and is popular in the countries like Vietnam, Indonesia, USA and Canada. It is engaged in producing Hot Briquetted Sponge Iron, Galvanized products, Cold Rolled Products, Iron ore pallets and Hot rolled products.
8. Jindal Steel & Power
It is another leading player in the steel industry and is also engaged in other industries such as gas, coal, oil, Steel, mining and many more. The company has got many new opportunities and is said to be the venture of new business with more diversifying investments.
9. KVS Ispat
This Company is the part of KVS group and is said to be holding legacy position ion the steel for over 22 years, the company has got a good right in the inception and is consistently making a good contribution for society development. The company is engaged in producing steel related products such as Flags, rounds and squares, angles, and channels.
10. Arcelor Mittal Steel Industry
It is another popular yet the most giant steel industry based in India that you can ever come access. The government of Karnataka has provided the 2000 acres of land to set up the plant. This industry ash been linked with many state government for setting up the investment worth 30000 crore.
Like any other countries, India, is kwon to offer wide range of employment opportunities for the fact that too is leading one in the steel industry. And looking at the development which the country has been making, one can easily be rest assured that this industry is going to grow more in the coming years and thus enjoy a good number of profit.