TMT bar market size in India is projected to increase by USD 91 billion by 2029, growing at a CAGR of 4.3% in the 2024-2029 period. Rapid rate of construction activities and infrastructure development is leading to more demand for steel products, including TMT bars. Rising demand for earthquake-resistant buildings and structures is also a major contributing factor to the expansion of TMT steel bar market. Thermo-mechanically treated or TMT bars are the strongest steel reinforcement bars currently in use. They are manufactured using extreme heat treatment in blast furnaces followed by cooling off. TMT bars are highly sturdy, flexible, durable, corrosion resistant and import longevity to structures. There are multiple grades of TMT bars used in construction of buildings, bridges, dams, roads and more. Let’s have a look at the top 10 major TMT bars companies in India for the year 2025.
1 Tata Steel
Tata Steel, established in the year 1907, is a part of the Tata Group and among the major global steel manufacturing companies with annual crude steel production capacity of its India operations standing at 21.6 MTPA. The company operates in the TMT bars sector through its brand, Tata Tiscon. Tata Tiscon offers multiple types of TMT bars, such as Tata Tiscon 550, Tata Tiscon SD, Tata Tiscon Footing and Tata Tiscon Superlinks.
Tata TMT bars are designed for construction in earthquake prone zones and provide high-grade support to heavy structures. Furthermore, the bars are resistant against corrosion.
2. JSW Steel
JSW Steel, founded in the year 1982, is a part of the JSW Group and a major steel manufacturing company in India. Its product portfolio is extensive and also includes TMT bars which are marketed and sold under the brand name NeoSteel. The company manufactures unique rib pattern TMT bars which bond firmly with concrete. Furthermore, the bars are also bendable into customised shapes.
JSW Steel uses high-end Morgan technology to manufacture TMT bars. The company launched a new variants of TMT bars, named NeoSteel 550D, in the year 2020.
3. Jindal Steel and Power
Jindal Steel and Power, founded in the year 1952, is a major company across multiple segments like steel, mining, power and infrastructure. It manufactures a diverse range of premium quality steel products, including TMT bars which are marketed as Jindal Panther. Jindal Panther TMT bars are strong, ductile and weldable, and conform to multiple international standards, including Fe500D, Fe550D, Fe600D and Fe500S.
JSP uses the advanced high yield quenching and self tempering technology to manufacture TMT bars. Its TMT bar facilities are located in Jharkhand and Odisha with a combined capacity of 2.4 MTPA.
4. Steel Authority of India Limited
Steel Authority of India Limited, established in the year 1973, is owned by the Government of India and one of the largest steel manufacturers in India. It specialises in multiple types of steel products, including TMT bars marketed as SeQR. SeQR TMT bars are well suited for buildings in seismic zones owing to their high tensile strength and superior flexibility. Other features include fire resistance, corrosion resistance and strong bonding with concrete.
SAIL’s SeQR TMT bars are designed for multiple segments, including residential buildings, commercial buildings, infrastructure projects and industrial facilities.
5. SRMB Steel
SRMB Steel, established the year 1952, is among the leading manufacturers of TMT bars and other structural steel products in India. Major features of the SRMB TMT bars include superior strength with greater elongation, high ductility, corrosion resistance, high load or fatigue resistance and superior welding ability without any compromise in strength.
SRMB Steel operates an integrated steel manufacturing facility at Durgapur in West Bengal. The company manufactures TMT bars using Belgian TEMPCORE quenching and self tempering technology.
6. Kamdhenu Group
Kamdhenu Group, established in the year 1995, is engaged in the manufacturing, marketing, branding and selling of a wide range of products, including TMT bars, structural steel, PEB, pipes and colour coated sheets. The company manufactures TMT bars using thermo-mechanical treatment technology. Major features of the TMT bars are earthquake resistance, high thermal resistance, high ductility, enhanced strength and superior weldability without loss of strength.
Kamdhenu Group offers TMT bars in 11 grades, including Fe500, Fe550, Fe500D and Fe550D. The company has 50 manufacturing facilities across India.
7. Rashtriya Ispat Nigam Limited
Rashtriya Ispat Nigam Limited, established in the year 1982 under the Ministry of Steel of the Government of India, is a Navrantna PSE specialising in multiple types of steel products, including TMT bars. The company manufactures TMT bars from 100% virgin and fully killed steel using modern technologies like Temcore and Stelmore. Major features of the TMT bars are superior ribbed design for enhanced bond strength, high fatigue resistance and greater flexibility without loss of tensile strength.
RINL operates an integrated steel manufacturing facility at Vishakapatnam in Andhra Pradesh. This facility holds ISO 9001-2015 and 14001:2015 certifications.
8. Agni Steels
Agni Steels, established in the year 1989, is among the leading steel manufacturers in India, offering TMT bars, billets and sponge iron. The company manufactures TMT bars using TEMPCORE technology which imparts a strong outer core and soft inner core to the bars. The TMT bars are designed for easy bending and welding, and bonding strongly with concrete.
9. Aditya Birla Group
Aditya Birla Group, founded in the year 1857, is a major conglomerate with diverse interests across industries, including steel. The group operates in the TMT bars segment through its brand, Birla TMT Steel. Birla TMT bars are available in multiple grades, such as Fe415, Fe415D, Fe500, Fe500D, Fe550, Fe550D and IS 1786:2008. Some of the major features of the TMT bars are accurate rib pitch, high ductility, superior strength and good weldability.
10. Shyam Steel
Shyam Steel, established in the year 1953, is among the top manufacturers of TMT bars, sponge iron, billets and fero alloys. It manufactures TMT bars of various grades which have a number of beneficial features, such as higher durability, superior stability, easy workability, high corrosion resistance and special weldability.
Conclusion
TMT manufacturing companies are increasingly investing in developing innovative technologies to improve the quality of TMT bars and also increase production. Asia-Pacific region is likely to be the hotspot of TMT bars production in the coming years and top manufacturers in India are striving hard to get maximum shares of this market.
