Production capacity of steel in India FY 2024, by leading companies

In financial year 2024, among the private steel companies, JSW Steel had the highest production capacity of over 28 million metric tons. It is one of the biggest steel producing companies in the world. It was followed by Tata Steel with a production capacity of 20.6 million metric tons, which makes it the second-largest private steel company of the country. 

Tata Steel Limited

Tata Steel is the oldest steel company in India, established in 1907 in Jamshedpur, Jharkhand. It is now headquartered in Mumbai, Maharashtra. Tata Steel is a part of the Tata Group, which, as of 2022, is the second largest company in this South Asian country. With a total turnover of around 2.4 trillion Indian rupees in 2022, Tata Steel was the second largest entity within Tata Group just behind Tata Consultancy Services Limited. Tata Steel operates in multiple countries, with key operations in India, Netherlands, and the United Kingdom. Its largest steel plant is located in Jamshedpur, with annual production capacity of ten million metric tons.

Steel industry in India

India has adequate domestic availability and accessibility of coal and iron ore, two most important raw materials for steel production. India is the second largest hard coal producing country, just after China, and has the fifth largest reserve of crude ore and iron content in the world. The public sector also plays an important role in the steel industry. Most companies within this sector market their steel through the Steel Authority of India.