Race to the Top
Over the past eight years as the Indian steel industry went through volatile times, the battle between the Sajjan Jindal owned JSW Steel and Tata Steel to emerge as the country's largest steelmaker has gathered steam. JSW is the largest domestic steelmaker now and has been ramping up capacity aggressively.
Eight years ago, in FY2010 both Tata Steel and JSW were neck to neck in domestic capacity. Tata Steel produced 6.44 million tonne (MT) steel within the country and JSW was marginally behind at 6 MT. Jindal saw an opportunity in the downturn and raced ahead of Tata in capacity creation, putting up additional capacities at its Vijayanagar plant in Karnataka, and acquiring the 3.3 MT facility of Ispat Industries in Maharashtra. In FY2017, Jindal's output shot up to 15.8 MT, while Tata's rose to 10.97 MT on
