TMT bars or steel is one of the most important industries in India. The size of the steel industry is growing. The steel production is 3rd largest production capacity in the world. It’s been estimated that the steel industry will grow at the rate of 7 percent in 2018. The steel manufacturers produce steel and iron from iron ore. The Indian steel industry is the largest in India in terms of exports and production. There is been increasing demand of steel in the construction, electronics, and logistics sector.
The steel industry has gained popularity and increase in demand than other Asian countries. The steel manufacturing companies in India are known for their cutting edge technology and high performance. In India, steel development has taken a good place due to increase demand of steel products. There are many companies in India that are producing or manufacturing steel or steel products in India. They also produce finished and semi-finished products including TMT bars in India.
Here are the Top 10 Best TMT bar companies in India for your Inspiration
1. Vizag Steel
It is also known as Vizag Steel. It is the Indian Government undertaking. This is one of top 10 steel companies. Its headquarters are in Visakhapatnam. This TMT bar company was founded in 1982. It is one of the top steel manufacturers with an annual turnover of $2 billion. It was founded by SAIL (Steel Authority of India). It is also the profitable venture of Indian Government.
2. JSW Neo steel
It is the subsidiary of JSW group. It was founded in 1982 with its headquarters in Mumbai. This steel brand has six private steel plants in India. It produces approx. 15 million metric tons annually. It has an annual turnover of $11 billion.
3. Tata Tiscon
It is one of the oldest steel company in India. It is a global name in the steel industry in India. It is the leading steel manufacturers and was founded by Dorabji Tata with its headquarters In Mumbai. It has the annual turnover of $20 billion with a steel production of more 4.than 30 million tons annually.
Sail Authority of India ltd. is one of the top 10 steel companies in India. It was founded in 1954 with its headquarters in Delhi. Its annual production capacity is around 5 million metric tons. It has an annual turnover of around $7.5 billion.
5. Essar steel
It is a leading steel supplier with an annual turnover of $2.5 billion. It produces more than 10 million metric ton of steel annually. It was founded in 1998 with its headquarters in Mumbai. This steel company has 6 steel production facilities with various operational units around the globe.
6. VISA steel
It was established in 2003 with its headquarters in Kolkata. It has three steel manufacturing units in India with a capacity of more than a million metric tonnes. It has an annual turnover of $3 billion and is ranked one of the best TMT manufacturers in India. It is owned by VIS group of companies.
7. Bhushan Steel
It is one of the best steel manufacturers in India. This steel manufacturing brand was established in 2003 with its headquarters in Delhi. The annual steel production in India is more than 5 million metric tons. It has an annual turnover of $2 billion. It has around three manufacturing steel plants in India.
8. Facor Steel
This is one of the top leading steel brand in India that was founded in 1956 by Durgapradasji Saraf. It is having its headquarters in Nagpur, India. It has an annual turnover of more than 1.5 billion. It has steel production capacity of around 2 million metric tonnes. It also exports many countries in the world. It is one of the fastest growing company in Asia.
9. Jindal Panther steel
It is one of the leading steel manufacturing company. Its annual production capacity is more than 3 million metric tons with an annual turnover of $3 billion. It is one of the leading private steel manufacturing unit in India. It has many steel production plants in India and was founded by OP Jindal in 1952. Its headquarters are located in New Delhi, India.
10. MESCO steel
It has a global presence. It was founded in 1992 with the collaboration of Sino Steel. Sino Steel is a Chinese conglomerate. It manufactures more than 1000 tons of hot metal daily. It runs around two steel production facilities in India. It is growing as one of the leading steel manufacturers in the Asia Pacific region.
Hence, we have discussed top 10 best TMT brands in India. You can choose any according to your specifications and requirement. We hope that this article is informative for you that will help you to select the right TMT bars.