Many steel manufacturing companies are based in Ahmedabad, contributing significantly to the development of Ahmedabad’s economy. Manufacturing various products such as TMT bars, billets, coils, and steel pipes mainly drives Ahmedabad’s iron and steel industry. These products find applications in multiple sectors, including construction, infrastructure, automobile, and manufacturing.
The availability of raw materials plays a vital role in the growth of the iron and steel companies in Ahmedabad. The primary raw materials for producing Iron and Steel are iron ore and coal, abundant in Gujarat. Apart from setting up special economic zones and providing subsidies for establishing new manufacturing units, the state has undertaken several initiatives to promote the growth of the Iron and Steel companies in the state.
So, without wasting time, let us see the top 10 iron and steel companies in Ahmedabad.
Shah Alloys Limited
Shah Alloys is a listed public company established on November 23, 1990. The company has its headquarters in Ahmedabad, Gujarat. Shah Alloys deals in various steel products like stainless, carbon, armor, and special steel. With a total authorized capital of INR 3500 Lacs and paid-up capital of INR 1979 Lacs, the company has been the leading steel manufacturer since 2015. Moreover, the net EBITDA of the company has increased by 27.66% over the past years.
| CIN | L27100GJ1990PLCO14698 |
| Revenue | Over INR 500 cr |
| Net Worth | Decreased by 22.77% |
Ratnamani Metals And Tubes Limited
Ratnamani Metals and Tubes is a public company that specializes in pipes, tubes, carbon, steel pipes, and more. The company serves Indian as well as international clients. They have a wide range of products starting from titanium welded tubes to seamless instrumentation tubes. Apart from these, they also offer external three-layer coating solutions. Ratnamani Metals and Tubes has a paid-up capital of INR 1401 Lacs. and the authorized capital of INR 1800 Lacs. and an increased net EBITDA of 23.66%
| CIN | L70109GJ1983PLC006460 |
| Revenue | INR 500 cr |
| Net Worth | Increase by 13.11% |
Electrotherm India Limited
Electrotherm India is a listed public steel manufacturing company established on October 29, 1986. It is one of the major steel and iron companies headquartered in Ahmedabad. The products and services of the company include melting-furnaces refining equipment, turnkey solutions, hardening furnaces, and more. The company has six board directors, including Mukesh Bhanwarlal, Shailesh Bhanwarlal, and others. In addition, the company’s total paid-up capital is INR 2474 Lacs with an authorized capital of INR 7857 Lacs. The company’s famous products include billets, bars, duct iron, and more.
| CIN | L29249GJ1986PLC009126 |
| Revenue | Over INR 500 cr |
| Net Worth | Increased by 6.65% |
Riddhi Steel And Tube Limited
Founded on September 7, 2001, Riddhi Steel And Tube Limited is a public company located in Ahmedabad, Gujarat. With a total paid-up capital of INR 829 Lacs. and authorized capital of INR 850 Lacs; the company is one of Gujarat’s major steel and iron manufacturing companies. The company is known for manufacturing products like steel bars and TMT bars. Riddhi Steel and Tube Limited has five board directors, including Rajesh Kumar Mittal, Preeti Rajesh Kumar Mittal, and others. Since 2001 the company has provided services for steel structures, steel bars, steel billet, and steel TMT.
| CIN | L27106GJ2001PLC039978 |
| Revenue | Over INR 100 cr – INR 500 cr |
| Net Worth | Increased by 2.88% |
Suraj Limited
Suraj Limited was founded on January 20, 1994, and It is based in Ahmedabad, Gujarat. It is classified as a public company with a paid-up capital of INR 1926 Lacs and authorized capital of INR 2325 Lacs. Being one of Gujarat’s prominent steel manufacturing companies, it sells stainless steel, seamless pipes, tubes, etc. The product and services of the company include heat exchanger tubes, instrumentation tubes, stainless steel flanges, seamless buttweld fittings, etc. The company has 8 board directors, including Kunal Tarachand Shah, Ashok Tarachand Shah, and others.
| CIN | L27100GJ1994PLC021088 |
| Revenue | Over INR 100 cr – INR 500 cr |
| Net Worth | Increased by 4.00% |
POSCO-Poggenamp Electrical Steel Private Limited
POSCO is an unlisted private steel manufacturing company located in Ahmedabad, Gujarat. The company was established on 23rd December 2010 and specializes in products and services like CRGO Slit Coil, CRGO Cut Lamination, Grain Oriented Electrical Steel Grades, and more. POSCO has served clients worldwide and is a well-known manufacturer in this line of business. In addition, the company’s total paid-up capital is INR 2700 Lacs. and INR 3000 Lacs. The company has three board directors Gaurang Nipinbhai Nagarsheth, Gautam Nipinbhai Nagarsheth, and others.
| CIN | U31100GJ2010PTC063371 |
| Revenue | INR 1 cr – 100 cr |
| Net Worth | Decreased by 75.52% |
Gyscoal Alloys Limited
Gyscoal Alloys Limited was established on September 29, 1999; it is a public company that specializes in steel manufacturing, exporting, and supplying. The main products of the company are stainless steel and mild steel. The company is one of the main suppliers of stainless steel in Ahmedabad and has an increased net EBITDA of 38.6. In addition, the company has a total paid-up capital of INR 1582 Lacs. and the authorized capital of INR 5000 Lacs. Moreover, the company has six board directors, including Mohan Viral Shah and Hemnag Harshadbhai Shah.
| CIN | L27209GJ1999PLC036656 |
| Revenue | INR 100 cr – 500 cr |
| Net Worth | Increased by 0.14% |
Nami Steel Private Limited
Nami Steel Private Limited is an unlisted steel manufacturing company located in Ahmedabad, Gujarat. The company was founded on 24 July, 2012. With a paid-up capital and authorized share capital of INR 2000 Lacs each, the company has become one of the leading steel manufacturers in Gujarat. The main product and services of the company include double Bowl sinks, kitchen sinks, iron pipes, steel wash sinks, and other steel products. The company has two board directors, Parixtibhai Amruthbhai Patel, and Anil Kumar Rajput.
| CIN | U27100GJ2012PTC071270 |
| Revenue | INR 100 cr – 500 cr |
| Net Worth | Decreased by 127.02% |
For detailed information about the above-mentioned top Iron and Steel Companies in Ahmedabad, including net worth, list of directors, etc., Click here.
