Private Sector Steel Companies India
The private sector units consist of both major steel producers on one hand and relatively smaller and medium scale units such as Sponge iron plants, Mini Blast Furnace units, Electric Arc Furnaces, Induction Furnaces, Re-rolling Mills, Cold-rolling Mills and Coating units on the other. Some important points about the Private sector players in India:
As per the data of World Steel Association, Tata Steel is world’s 7th largest Steel Company by production. In 2009, the production of Tata Steel was 20.5 MMT (Including Corus and NatSteel).
Founded in 2009, Tata Steel is a multinational company. Recent acquisitions by Tata Steels such as Corus in 2007 and NatSteel of Singapore in 2004, reiterate the company’s ambitious target of having a capacity of 100 mmt by 2015. In India alone, crude steel production of TATA Steel during the period April-December 2009-10 is 4.86 MMT which is higher by 18.6% over the production of 4.105 MMT last year. The saleable steel production was at a higher level during the period April-December 2009-10 (3.717 MMT) compared to the corresponding period last year (3.310 MMT).
- Crude steel capacity as on March 31, 2009: 6.8 million tonne (Jamshedpur works)
Some Greenfield projects of Tata Steel:
- Sarai Kala (Jharkhand),
- Kalinganagar (Orissa)
- Bastar (Chhattisgarh).
- Dhamra Port is a Joint Venture between Larsen & Toubro and Tata Steel and it was recently under the controversies regarding the environment concenrs as it is located near the Bhitarkanika Sanctuary, Orissa.
JSW Steel Limited:
Jindal South West (JSW) Steel is a part of one of the fastest growing business conglomerates JSW group with a strong presence in the core economic sector. It is being led by Sajjan Jindal, who is also head of ASSOCHAM. It started as a steel rolling mill in 1982 and became a multi business conglomerate worth US $ 3.7 billion within a short span of time.
Jindal Steel and Power Ltd
Jindal Steel and Power Ltd. is led by Naveen Jindal. The Group has some other companies such as Jindal Power Ltd, Jindal Petroleum Ltd., Jindal Cement Ltd. and Jindal Steel Bolivia with a belief in the concept of self-sufficiency. Chairperson is Savitri Jindal, who is currently richest woman in India.
Essar Steel Ltd
Essar Steel Ltd., the Indian company of Essar Steel Holdings Limited, is the largest steel producer in Western India, with a current capacity of 4.6 MTPA at Hazira, Gujarat, and plans to increase this to 8.5 MTPA. The Indian operations also include an 8 MTPA beneficiation plant at Bailadila, Chattisgarh, which has the world’s largest slurry pipeline of 267 km to transport beneficiated iron slurry to the pellet plant, and an 8 MTPA pellet complex at Visakhapatnam.
Ruia Brothers viz. Shashi Ruia and Ravi Ruia lead the Essar Group.
Ispat Industries Ltd. (IIL)
Ispat Industries Ltd. (IIL) has set up one of the largest integrated steel plants in the private sector in India at Dolvi in Raigad district, Maharashtra, with a capacity to manufacture 3 million tones per annum of Hot Rolled Steel Coils (HRC).
Bhushan Power & Steel Limited (BPSL)
Bhushan Power & Steel Limited (BPSL), formerly Bhushan Limited (BL), is a closely held 36-year-old steel manufacturing and processing company. Presently, the company has five plants in Chandigarh and Derabassi, one plant in Kolkata and is now implementing an integrated steel plant at Sambalpur in Orissa in phases with an ultimate capacity of 2.8 MTPA.
The company has three manufacturing units in the state of Uttar Pradesh (Sahibabad Unit), Maharashtra (Khopoli unit), and Orissa Plant (Meramandali unit) in India and sales network is across many countries.