About Rungta Steel
Rungta Steel is a company based in Kolkata (India) founded in 1962. It operates as a B2B, and Direct Sales. The company has 1,743 employees as of March 31, 2023. Rungta Steel offers products and services including TMT Bar, Wire Rod, Pellet, Sponge Iron, and Billets. Rungta Steel operates in a competitive market with competitors including Tata Steel, SSAB, BlueScope, Shyam Steel and Nucor, among others.
- Headquarter Kolkata, India
- Employees 1743 as on 31 Mar, 2023
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Rungta Mines Limited
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$1.19 B (USD)64.86as on Mar 31, 2023
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Net Profit
$10.29 M (USD)-73.32as on Mar 31, 2023
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EBITDA
$35.54 M (USD)-33.65as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
1743
as on Mar 31, 2023
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Products & Services of Rungta Steel
Rungta Steel offers a comprehensive portfolio of products and services, including TMT Bar, Wire Rod, Pellet, Sponge Iron, and Billets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-strength bars for reinforcing concrete structures in construction
Semi-finished steel for various manufacturing and industrial applications
Iron pellets used as raw materials in steel production processes
Direct reduced iron for steelmaking and metallurgical uses
Cast steel shapes for further processing in industrial sectors
Reinforcement bars for enhancing concrete structure stability
Bricks made from fly ash for sustainable building applications
Alloy used in steel production for improved strength and quality
Funding Insights of Rungta Steel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Rungta Steel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rungta Steel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rungta Steel Comparisons
Competitors of Rungta Steel
Rungta Steel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tata Steel, SSAB, BlueScope, Shyam Steel and Nucor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Steel and related metal products are manufactured globally.
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| domain | founded_year | HQ Location |
Manufacturer of steel products including sheet, plate, coil, tube, and profiles
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| domain | founded_year | HQ Location |
Painted and coated steel products are manufactured for regional markets.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of TMT rebar, billets, sponge iron and ferro alloys
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| domain | founded_year | HQ Location |
Steel products including bars, sheets, joists, and decks are manufactured.
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| domain | founded_year | HQ Location |
Iron and steel for construction are manufactured by Feralpi Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rungta Steel
Frequently Asked Questions about Rungta Steel
When was Rungta Steel founded?
Rungta Steel was founded in 1962.
Where is Rungta Steel located?
Rungta Steel is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
How many employees does Rungta Steel have?
As of Mar 31, 2023, the latest employee count at Rungta Steel is 1,743.
What is the annual revenue of Rungta Steel?
Annual revenue of Rungta Steel is $1.19B as on Mar 31, 2023.
What does Rungta Steel do?
Rungta Steels, part of Rungta Mines Limited, manufactures high-quality steel products including TMT bars, wire rods, pellets, sponge iron, billets, and silicon manganese using advanced technology. Based in Chaibasa, Jharkhand, India, the company supplies these materials to construction, mining, and industrial sectors across the nation. They focus on durability, strength, and eco-friendly processes to meet diverse customer needs.
Who are the top competitors of Rungta Steel?
Rungta Steel's top competitors include Tata Steel, BlueScope and SISCOL.
What products or services does Rungta Steel offer?
Rungta Steel offers TMT Bar, Wire Rod, Pellet, Sponge Iron, and 4 more products and services.