The Metal Companies in India are expected to witness a major reform in the next few years. Ferrous metals and Non-ferrous metals are the two main segments of the Indian metal industry.
The most common ferrous metals are iron and steel, while non-ferrous metals include aluminium, copper, zinc, lead, nickel, and tin.
At present, Steel production in India has grown to be the second-largest worldwide, overtaking Japan, with a growth rate of 4.9%. India had a total number of 914 steel plants producing crude steel.
In FY21, India’s crude steel production stood at 102.49 million tonnes. Government initiatives such as ‘Smart Cities’ and ‘Affordable Housing’ as well as the building of industrial corridors are expected to make India world number two in steel consumption by the end of 2022.
In FY 20, Aluminium was the second most-produced non-ferrous metal behind steel in terms of production volume. There are 8 aluminium smelting plants in the country.
The production volume of primary aluminum across India was around 3.7 million metric tons in the year 2019. India's consumption of aluminium has grown at a CAGR of 10%, in the last. 5 years.
According to a report, India is home to the world’s largest coal company, Coal India Ltd, which controls 85% of the country’s coal production.
The production of coal was 729 million tonnes in FY 20. In addition to being one of the largest employers in the country, Coal India Ltd. (CIL) is also the largest coal-producing company in the world. CIL operates in 82 mining areas across eight Indian provinces.
The Indian metals and mining sector has witnessed strong growth over the past few years. The Government of India has introduced several policy initiatives to give a boost to the metals sector. The government approved an outlay of funds worth US$ 864 million for over five years to boost the domestic production of specialty steel.
In Union Budget 2021, customs duty on non-alloy, alloy, and stainless steels reduced to 7.5% on semis, flat and long products, to provide relief to MSMEs. Moreover, to boost the recycling of copper in India import duty on copper scrap was reduced to 2.5% by the government.
There are approximately 2,00,000+ metal companies in India and 15,00,000+ metal companies worldwide.
The top 10 metal companies in India are following:
Tata Steel Limited
JSW Steel Limited
Steel Authority of India
National Mineral Development Corporation (NMDC)
Coal India Limited (CIL)
Hindustan Zinc Limited
Essar Steel India Limited
National Aluminium Company Limited (NALCO)
Get contact information of Top decision makers like Founder, CEO, CFO, CMO, CTO, Marketing head, HR head, Finance head along with headquarters, no of employees, revenue, founded year, industry in these companies.