JSW, Tata in race for top slot in steel industry

Two steel majors look at capacity expansion, as insolvency process picks up steam for 5 firms

The largest steelmaker in the country, JSW Steel, is aggressively ramping up capacity to  retain top slot, while the number three player, Tata Steel, too, has its agenda set to spring back to its earlier leadership position. 

The race has heated up even as the Reserve Bank of India (RBI)-mandated insolvency process has gained speed for five other majors in the sector — Essar Steel, Bhushan Steel, Bhushan Power & Steel, Monnet Ispat & Energy, and Electrosteel Steels.

The two steelmakers will use a mix of organic and inorganic routes to achieve their goals. At present, JSW Steel, with a