Professional Documents
Culture Documents
GENARAL INTRODOCTION
Iron and steel are two of the most important metals steel is an alloy of iron and other materials, iron can be classified into three types one is pig iron, cast iron and wrought iron. By various methods including heat treatments and the addition of the elements iron and steel can be made in various degrees of hardness. Iron and steel can be softened or melted so that they can be formed in to required shapes. Without iron and steel the way of life of civilized people would be entirely different I serve everybody in homes public building automobile trains, ship , machinery (which produces almost everything we use in our daily life ) bridges, mine equipment and in a variety of application that may range from pin to plane . the use of iron and steel in so many ways in possible only because there is an abundance of iron in the earths crust and because of price low cast production is achieved by efficient operation on a large scale of iron and steel industry. Steel industry is more than a century old, before the economic reforms of the early 1990s the Indian steel industry was a predominantly regulated one with the public sector dominating the industry. Tata steel was the only major private sector company involved the production of steel in Indian. Sail and Tata steel have traditionally the major steel producer of India. In 1992 the liberalization of the economy led to the opening up of various steel industries. This led to the increase in the number of producers, increased investments in the steel industry and increased production capacity. Since 1990, more than Rs 19,000 cores (U$$ 4470.58, million) have been invested in the steel industry of India. The new policy has already borne fruit. The finished steel production in India has gone up from mere 1.1 million tonnes in 1951 to 23.37 million tonnes in 1997-98 despite overall economic slow-down in the country. It has been estimated that the demand for finished steel in 2001-02 would touch 38.68 million tonnes and the projected availability of 38.01 tonnes is almost adequate to meet the domestic demand along with export of six million tonnes. Similarly, by 2006-07, the final year of the tenth plan, the demand for finished steel would be around 48.80 million tonnes, providing adequate surplus for meeting the projected export potential of nine million tonnes. However, there is hardly any scope for complacence over the fact that India continues to be the 10th largest steel producer in the world. In 1997 Indias per capita steel consumption was only
DATA COLLECTION
For the purpose of the study data has been collected in the form of Primary data and Secondary data. Primary data is first hand data and the data is collected through personal interview with departmental heads and employees of each department. And through classes conducted by the specialists of the VSL steels ltd. Secondary data has been collected through the Internet, company annual reports, various Broachers, Books, Magazines and Web sites.
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CHAPTER SCHEME
Chapter -1 This chapter deals with general introduction, introduction, and objective of the study, scope of the study, data collection, and limitation of the study. Chapter 2 This chapter deals with introduction, industry profile, history, and milestone, strength of the company, strategies, location, vision, mission, objectives, and future orientation. Chapter -3 This chapter deals with introduction, company profile. Chapter-4 This chapter deals with Introduction, m7s study Chapter -5 This chapter consist SWOT analysis. And findings suggestion and conclusion
major factors that led to the revival of the steel industry in India after 2002 were the rise in global demand for steel and the domestic economic growth in India. India has now emerged as the eighth largest producer of steel in the world with a production capacity of 35MT. almost all varieties of steel is now produced in India. India has also emerged as a net exporter of steel which shows that Indian steel is being increasingly accepted in the global market. The growth of the steel industry in India is also dependant, to a large extent, on the level of consumption of steel in the domestic market. Steel consumption is significant in housing and
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INDUSTRY PROFILE
Steel industry reforms particularly in 1991 1nd 1992have lead to strong sustainable growth in Indian steel industry. Since its independence, India has experienced steady growth in the steel industry and pushed for its robust development in 1991. A substantial number of economic reforms were introduced by the Indian government. These reforms boosted the development process of a number of industry the steel industry in India in particular which has subsequently developed quite rapidly India continually posts phenomenal growth record in steel production. In 1991, India produced 14.33 million tones of finished carbon steel and 1.59 million tones of pig iron. Furthermore, the steel production capacity of the country has increased rapidly since 1991 in 2010 India produced nearly 47.575 million tones of pig iron .In 1992 the total consumption of finished steel was 14.84 million tones. In 2010 the total amount of domestic steel consumption was 45.926 million tones. With the increased demand in the national market, a huge part of the international market is also served by this industry. Today India is in seventh position among all the crude steel producing countries. India is largest producer of steel in the world. India steel industry has growth by leap and bounds, especially in recent time with India firms buying steel companies overseas. The indicate that the industry will to
grow reasonably in the coming years with huge demands for stainless steel in the construction of new airports and metro rail project.
HISTORY
The first notable attempt to revive steel industry in India was made in 1874 when the Bengal Iron Works (BIW) came into being at Kulti, near Asansol in West Bengal. However, forty-four years before that, in 1830 to be precise, a foreigner, named Joshua Marshall Heath, had set up a small plant at Porto Novo on Madras Coast. Heath produced in his plant pig iron at the rate of forty tones a week. His method of iron-making needed approximately four tones of charcoal to produce one tone of low quality pig iron which proved to be too expensive for Heath to carry on in the face of stiff competition from the British steel industry. The BIW
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May 2009 globally India is the only country to post positive overall growth in the production of crude steel at 1.01% for the period of January march in 2009
EXPORT
About 50% of the steel produced in Indias is export of steel during April-December 2009 was 64.4 MT in December 2008. In February 2010 steel export increased by 17% to 12.6 MT from 10.8 MT in the same month last year more than 50% of steel from India is exported to china. The governments decision to reduce export duty on iron ore lumps from 15% to 5% has given a major boost to the export of steel
STRENGTH
There are many strong point of the industry that makes it one of the leading names in the global steel industry. The rate of labor wages in India is among once of the lowest in the
world thereby making large scale production feasible. The boom witnessed in the automobile industry has ensured that the demand for steel is increasing gradually and will continue to do so in the near future. There is huge manpower in India which is another reason why steel production I India is high and the industry is doing pretty well both national and international
INVESTMENT
Numerous steel companies some major projects in the pipeline to invest in India steel industry. Steel companies have earmarked more than 100 million USD for the setting up of sponge iron unites in koppal and Bellary in Karnataka. As per investment commission of India more than 30 billion USD are in the pipeline for investment over the next five year,
Indias share in world production of crude steel increased from 1.5% in 1981 to around 3.5 % in 2004. While plant closures and privatization are rare in India, the private sector is considered to be the engine of growth in the steel industry and technological changes and modernization are taking place in both the public and the private sector integrated steel plants in India. Steel production of India accounted for 14.33 million tons in 1990-91, which gradually increased to 36.12 million tonnes in 2003-04, as shown in Table III. The Indian steel industry got a giant importance in the recent past when the Tata Steel purchased the Corus steel. Today India plays a significant role in the production of steel in the world. The Indian steel industry is growing at 8.74 % of CAGR. Steel demand continued to remain upbeat in 2008-2009 with consumption of finished steel growing by a decent 6.8% during April-may 2008. During a same period import surged by a healthy 10 % to 0.7 million tons While export reported a 33% decline to 0.6 million tones. While imports and consumption of finished steel reported a healthy rise, production of the steel continued to rise at a tepid pace. During April 2008 finished steel output rose by a modest 3.8 %. Further in may it increased by 5.2%. Aggregate production growth during April-may stood at 5.1 % In view of no major capacities coming on stream we estimate finished steel production to touch 60 million tons in 2008-2009. On the basis for last year of 52.7 million tones, the steel production growth for 2008-2009 comes to around 14 %. However the joint plant committee has been revising its
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MILESTONE
1918 : Construction work started for setting up a Wood Distillation plant of 200
tonnes per day and one Charcoal based Blast Furnace of 60 tonnes per day 1923 : Mining of Iron Ore started in Kemmannugundi Iron Ore Mines, a
captive mine of the Company. (Production of Pig Iron started in Charcoal Blast 1927 1936 : : Furnace). General Foundry commissioned. Pipe Foundry commissioned. steel making through Open Hearth a furnace started Light Selection
Mill for rolling structural steels started. 1938 1942 : : Cement plant Commissioned Steel Foundry commissioned. Two 1500 KVA Ferro Alloy Plants
started at Mysore. 1943 1948 1950 : : : Open Hearth B Furnace started. Plate Sleeper Foundry commissioned. Ferro Alloy Plant shifted to Bhadravati from Mysore. 9000 KVA Ferro
Silicon furnace started. 1952 1955 1958 1962 : : : : First 100 tonnes per day capacity Electric Pig Iron Furnace started. Second 100 tone per day capacity Electric Pig Iron Furnace started. Cast Iron Spun Pipe Plant started. Two 12000 KVA Ferro Silicon Furnace started. Works became a
Foundry started. 1965 : LD Plant started. First 20 tonnes Electric Arc Furnace commissioned.
Oxygen and LC plant started. 1966 : 6 tones EAF started at Steel Foundry. Induction Furnace started at
General Foundry. New refractory Department started. 1967 1968 : : Second 20t Electric Arc Furnace Started. IAS & ICS Commissioned. 8t Electric Arc Furnace started. 1967
second 20t Electric arc Furnace started. 1970 1971 1972 1976 : : : : Combined Bar and rod Mill started. two new 200t per day capacity Electric pig Iron Furnaces started. Heat treatment Shop started. Name of the Company changed to Visvesvaray Iron and steel
Limited on February 16, 1976. 1977 1983 1985 1989 1992 1995 1997 1998 1999 : : : : : : : : : Forge Plant commission with Long Forging Machine and Forge Press. VD/VOD Unit Started. CCM Commissioned VISP was taken over as subsidiary of SAIL. LRF 1 commissioned. Blast Furnace (BF) Blown in on February 24, 1995. Certified to ISO 9002 for Rolled Route and Pig Iron in April 1997. VISP merged with SAIL in December 1998. Installed three numbers Electric heating Tempering Furnaces.
VSL has successfully erected more than three million square meters of bridge deck in the Asia-Pacific region over the past decade. The Company provides skilled and trained staff with a core of 100 bridge specialists, an experienced technical centre and the ability to develop new methods, equipment and materials.VSL is also involved in sustainable construction and many of its innovations help achieve this. Specialist equipment is designed to be as modular as possible to allow reuse in different configurations. The opening of the VSL Academy, a unique post tensioning training centre to ensure the high level of VSL staff know-how in all countries, will provide ongoing development of both individual and corporate knowledge and skills.
Local knowledge is also important: all VSL managers are entrepreneurs with in-depth knowledge of their own markets and are committed to providing creative and safe solutions together with top-quality services. All VSL companies benefit from the exchange of expertise throughout the international network.
VSL continues to focus on the search for methods and technologies that will maintain its competitiveness and ensure its enduring market success. The Group is justifiably proud to present a selection of the most outstanding examples from its extensive portfolio of exciting projects, executed the world over during the last five decades.
Steel Authority of India Limited (SAIL) is a company registered under the Indian Companies Act, 1956 and is an enterprise of the Government of India. RASHTRIYA ISPAT NIGAM LTD. (RINL)
RINL, the corporate entity of Visakhapatnam Steel Plant (VSP) is the first shore based integrated steel plant located at Visakhapatnam in Andhra Pradesh. MSTC LTD.
MSTC Ltd. (formerly Metal Scrap Trade Corporation Ltd.) was set up on the 9th September, 1964 as a canalizing agency for the export of scrap from the country. FERRO SCRAP NIGAM LTD. (FSNL)
FSNL is a wholly owned subsidiary of MSTC Ltd. with a paid up capital of Rs. 200 lakh.
HSCL was incorporated in June 1964 with the primary objective of creating in the Public Sector an organization capable of undertaking complete construction of modern integrated Steel Plants. MECON LTD.
MECON is one of the leading multi-disciplinary design, engineering, consultancy and contracting organization in the field of iron & steel, chemicals, refineries & petrochemicals, power, roads & highways, railways, water management, ports & harbors, gas & oil, pipelines, non ferrous, mining, general engineering, environmental engineering and other related/ diversified areas with extensive overseas experience.
PRIVATE SECTOR
The private sector of the Steel Industry is currently playing an important and dominant role in production and growth of steel industry in the country. Private sector steel players have contributed nearly 67% of total steel production of 38.08 million tones to the country during the period April-December, 2007. The private sector units consist of both major steel producers on one hand and relatively smaller and medium units such as Sponge iron plants, Mini Blast Furnace units, Electric Arc Furnaces, Induction Furnaces, Rerolling Mills, Coldrolling Mills and Coating units on the other. They not only play an important role in production of primary and secondary steel, but also contribute substantial value addition in terms of quality, innovation and cost effective. TATA STEEL LTD.
Tata Steel has an integrated steel plant, with an annual crude steel making capacity of 5 million tons per annum located at Jamshedpur, Jharkhand. In January 2007 India's Tata Steel made a successful $11.3 billion offer to buy European steel maker Corus Group PLC.
Essar Steel Holdings Ltd. (ESHL) is a global producer of steel with a footprint covering India, Canada, USA, the Middle East and Asia. JSW STEEL LTD.
JSW Steel is a 3.8 MTPA integrated steel plant, having a process route consisting broadly of Iron Ore Beneficiation Pelletisation Sintering Coke making Iron making through Blast Furnace as well as Cortex process Steel making through: BOF- Continuous Casting of slabs Hot Strip Rolling Cold Rolling Mills. ISPAT INDUSTRIES LTD. (IIL)
IIL has set up one of the largest integrated steel plants in the private sector in India at Dolvi in Raigad District, Maharashtra with a capacity to manufacture 3 million tons per annum of hot rolled steel coils (HRC)
CHAPTER 3
COMPANY PROFILE
VSL Steels Limited is a manufacturer of high quality Pig Iron and is a flag ship company of the trusted "VSL GROUP". VSL is known for its professionalism, Quality, and Competence and is one of the pioneers in mining industry. VSL Steel Company is a Private Sector Organization that offers services in Iron and Steel with Annual Total Turnover of 250500 Crs and with Employee Strength of 251-500.
VSL is a leading real estate developer in India. They are committed to quality and deliver at the highest standards. VSL has successfully entered more than three million square meters of bridge deck in the Asia-Pacific region over the past decade. VSLs Major Project division provides: skilled and trained staff with a core of 85 bridge specialists, an experienced technical centre, an ability to benchmark new methods, new equipment and new materials; and specialist equipment designed as modular as possible for reuse in different configurations. VSL is also committed to offering an innovative contracting approach enabling the company and the contractor to focus on what is best for project. Examples of this include the Stonecutters Bridge project in Hong Kong, Alfords Point Bridge in Australia and the Puente Baluarte in Mexico. VSL today is one of the premier alloys and special steel producer in the country and it has tow integrated production facilities, starting with basic raw materials such as iron ore, lime stone, ext. beside alloy and special steel, the products mix included ferroalloy, for steel and pig iron. VSL steel is mostly used by railway and defense sectors besides different heavy industries including steel plants. Some of its very specialized steel is also used for our atomic plants and reactors. VSL has successfully entreated more than three million square meters of bridge deck in the Asia-Pacific region over the past decade. The Company provides skilled and trained staff with a core of 100 bridge specialists, an experienced technical centre and the ability to develop new methods, equipment and material.
Name
VSL steels ltd No. CMH Bangalore, Tel: +91 539, Road, "Ashwini Indiranagar, India (0)80 Complex", HAL 560 40811111, IV 2nd floor Stage 038 40811112
Fax: +91 (0)80 40811113 Establish Plant Address ; : January 5 2007 VSL steels limited Paramenahalli village Hiriyur Taluk, Chitradurga district Karnataka, India -572143 Tel Fax Website Email : ; : ; +91(0) 8193-203079-203080 91 (0)8193 -203075 www.vslsteels.in general: info@vslsteels.in Marketing: marketing@vslsteels.in Product : pig iron, skull, slag
PROMOTERS DETAILS
The promoters of VSL group from the board of director of VSL steels limited. VSL have a mission to become the leading metal providers to Indian and global steel market. VSL group have varied interest ranging from mining, export wind power, real estate etc PROMOTERS Dr. Ekanth V. Lad chairman and managing Director Aged 63 is the CMD and holds MBBS and DCH degree and has practiced medicine successfully for over two decades besides being involved with business. Shree. Santhosh s lad director Aged 33 is a commerce graduate and has been with VSL for the more than a decade. He is very activity in politics and is currently member of legislative assembly from Sandur, Bellary (DT) Karnataka (st) Shree. Viswas u. lad director Aged 32 is a commerce graduate and has been with v s l for more than a decade. He handled planning and operation of mining and exports of VSL group. Shree. Vinay E. lad executive director Aged 26 is a commerce graduate and is associated with VSL from a very young age. He has been with SLR plant ever since VSL has taken over the plant. He is primarily involved with day to day operation
Private Sector Organization that offers services in Iron and Steel with Annual Total Turnover of 250-500 Crs and with Employee Strength of 251-500.VSL steels limited (formally, SLR steels limited) is manufacturer of high quality pig iron and is a flag ship company of VSL GROUP VSL is known for its professionalism., quality, and competence and is of the pioneers in mining industry. VSL group, in its endeavor to expand its business, is delegated to be part of the core iron & steel industry VSL Steels Limited has a blast furnace of 262 m3 capacity of MECON technology with the capacity commercial pig iron production started from January 5 .2007 . the plant has production 1, 50,000 tones of PIG IRON Per Annum VSL Steels Limited is a manufacturer of high quality Pig Iron and is a flag ship company of the VSL GROUP". VSL is known for its professionalism, Quality, and Competence and is one of the pioneers in mining industry. VSL Steels Limited has a mini blast furnace, of designed by MECON with 262m3 capacity. The plant has an annual production capacity of 1, 50,000 MT of PIG IRON. which will be enhanced to 2,20,000 MT per annum by commission of our new sinter plant.VSL steels facilities are among the most advanced of its kind in the country . The company has access to finest mineral resources in the country with its proximity to the mineral rich district of Bellary and chitradurga.
VSL GROUP
VSL group owned V S LAD and sons, an ISO 9001:2008 & 14001:2004 certified mining firm, located at laxmipura village, Sandur has setup pig iron plant as a step into forward integration and value addition to iron ore it produces. VSL is known for its professionalism, quality and competence and is one of the pioneers in the mining industry ever since it was started in 1956 by the late sir vital rao shivaram lad. VSL is one of the leading producer and exporters of iron ore, mining around 3 million tons per annum. VSLS commitment to
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NATURE OF BUSINESS
VSL steels ltd is one of the steel manufacturing companies in India. Which is engaged in producing pig iron, skull, slag which in foundries and cement industry
Mission
To be synonymous with quality, commitment, value to continuously expand and upgrade operation.
Constantly strive to active the highest possible standard in day to day operation and in the quality of the goods and services we provided Responsibility;
Continue to be responsible sensitive to communities and environments in which we work to ensure what comes from the people goes back to the people many times over.
QUALITY
To achieve our quality goals, VSL steels has set up a quality assurance lab with modern equipment along with the well qualified staff in order to get good quality of pig iron , the raw material are checked to ensure their quality by the applicable Indian standard (IS) methods. The pig iron produced is checked for its quality by an optical emission spectrometer. As the analysis reports are given instantaneously by spectrometer, its help the operation department to take immediate corrective actions so as to control the quality of pig iron being produced. The quality of process water and CPP water is checked by HATCH instrument The organization is making all efforts to meet the strict quality standard along with adhering to environmental and safety laws. As recognisation to this endeavor, VSL steels limited has been awarded ISO 9001:2000 (or quality standard) & ISO 14001; 2004 certificates by Perry Johnson registers, INC.
QULITY POLICY
VSL steels ltd ,are committed to achieve total customer satisfaction by supplying quality pig iron as per customers requirement through quality assurance process along with effective work practice.
ISO 14001
ISO14001 is a global standard for environmental management system. The goal of the ISO1 14001 standard is to give the top management of any organization a frame work for managing environmental impacts ISO 14001 is a product of the international organization (ISO). ISO 14001 is the worlds first generic, internationally recognized standards, ISO 14000 standers ISO 14001 is the actual standard to which companies get registered.
PRODUCT PROFILE
VSL Steels produces various grades of Pig Iron which are utilized by the foundry industry to produce superior grade and high quality precision castings. They are catering to the needs of foundry industry throughout India from Tamil Nadu to Punjab. Their quality is well accepted because of the consistency of specification of the Pig Iron supplied. The products produced by VSL are almost semi-finished goods and they are as follows. PIG IRON- A product in solid (lumpy) form obtained upon solidification of Hot Metal in Pig Casting Machine. Its a pure and well-shaped form of iron which is used in foundries. SKULL- It doesnt have a well which is also used in foundries and is a form of semifinished good.
VSL Steels Limited has some standard specifications in their products. In addition to standard specifications, it can produce pig iron with chemical composition according to customer needs.
AREA OF OPERATION
The plant is located at: Vani Vilas Road, Paramenahalli Village Hiriyur Talk, Chitradurga District Karnataka State India- 572143
Nearest Town: 10 Km from Hiriyur Nearest Sea Port: 325 km at New Mangalore Nearest Air port: 170 km at Bangalore International Airport Nearest Railway Station: 55 km at Chitradurga
The plant has an annual production capacity of 1, 44,000 MT of Pig Iron, which will be enhanced to 2, 16,000 MT per annum by commission of new Sinter Plant. Currently, the company is operating within national localities. There are no exports from the company. It is marketing its products in Punjab, Tamilnadu, Andhra Pradesh, Maharashtra, Gujarat, Delhi and Karnataka.
COMPETITORS INFORMATION
Some of the competitors for VSL steels Ltd in national market are as follows Jindal Kirloskar Shanthvahan steels Kalyanni Jindal Vijaynagar steels ltd Essar steels
Tipper movement
Weighing hoppers
Storage yard
Dispatch
Air
Blower
Stoves
BF Gas Dust Catcher Venture 1&2
Hot blast
Hot metal Hot metal ladels Finished product dispatch Pig ladels casting iron Pig scrap Slag Slag granulation Storage yard skull
Moisture separator
2) Safety
VSL steels recognized the importance of safety and health of its employees. We are committed to follow safety procedure to reduce all identified operational hazard, risk to employees, contractor and visitors. Training is provided for all employees to work safety to provide injury to themselves and others, and avoid damage to property. A well equipped first aid and occupational health center is operational round the clock. It is supervised by qualified and experienced company medical officers. The company employs currently over 300 employees VSL steels currently around 500 contract employee VSL steels is an equal opportunity employer
3) Rest Rooms
In VSL rest rooms is suitable in all deportment. During the interval the employees can go there have relax.
4) Parking Facility
VSL has provided parking facility separately for bikes and cars of their employees
5) Traveling Facility
VSL provided two buses and two vans for pick and droop for employees to the company
1) Water
The plant is designed on zero discharge principle. The processed water is re-circulated and make-up water is added to take care of the process losses.
2) Air
The hot gas generated in the blast furnace is cleaned to reduce the dust content to less than 5mg/NM3. The cleaned gas is used in generation of Power and Stove heating. Surplus gas is flared through a flare stack. To control the dust we have asphalted all the major roads within the plant. The approach road from Highway to the plant is also asphalted. Water tanker, water sprinklers and rain guns have been installed to wet roads and stock yards for dust suppression.
Application of 7s model
STRUCTURE
SYSTEM
SKILL STAFF
STYLE
System: the procedure, processes, and routines that characterize how to important work is to be done are financially system, hiring, promotion and performance appraisal system, and information system.
Strategy: plans for the allocation of firms scarce resources, over time to reach identified goals, environment, competitions, customers. Style: cultural style of the organization and how key managers behave in achieving the organizations goals.
STRUCTURE
The formal arrangement of jobs within an organization is called organizational structure. It prescribes the formal relationships among various positions and organizational members to communicate with other members ,what roles members need to perform, who reports to whom and what rules and procedures exist to guide the various activities performed by members are all part of the organization structure. Structure provides clearly marked career paths for its members. The organizations size affects its structure. The design of organizational structure is a critical task of the top management of organization. Organizational structure refers to the organizational and relationship. It prescribes the formal relationship among various position and activities. In VSL structure is very flexible enough to maintain the external environment as well as internal also, the VSL is having lengthy structure of the organization, this helps the organization to function to function smoothly. Here executive director (ED) holds the authority of managing the entire internal and external environment activities. In this structure each functional departments comes under the authority of ED and each functional department is having departmental heads which means GM of each department, which the work of each department is going through this GMs these persons are working as connecting line of the industry, which helps to planning, decision making, control and communication. The following organization chart shows the working process of the VSL Steels ltd.
ORGANISATION CHART
CHAIRMAN & MANAGING DIRECTOR AND BOARD OF DIRECTORS
EXECUTIVE DIRECTOR
EA to ED
Vice president
Finance controller
Bengalour office
G.M (HR&A)
Project manager PA to ED Manager (material) Sr. Manager (utility) Dy. Mgr. (mech) Chief chemist (QA lad) Dy.mgr. (civil& hort)
Sr.mgr.(admin.)
FINANCE DEPARTMENT
IMPORTANCE OF FINANCE
Finance system ensures adequate organizational financing at a low cost so as to maximize return. It consist of major functions such as getting credit to customers, collection process, cash management, financing capital and so on. The function of
finance department also includes the preparation of budget report, Financial management is that managerial activity which is concerned with the planning and controlling of the firm financial resources Finance means acquisition of funds and proper utilization and allocation of funds in proper way. Finance plays a vital role in the development of any business. Thus development of any business majority depends on effective finance management. In olden days the role of financial manager was only limited to raising funds and maintaining the books of accounts, but now the trend is changing. The financial manager has wide scope in present scenario and he plays a vital role in decision- making. Costing budgeting etc. Finance management is one of the most important functions in the organization. It is the lifeblood of the company. Financial management involves the preparation of budget, which will be useful for the future decision, and it will give information about the companys financial position to the customer, creditors and government.
Finance controller
Senior Accountant
Assistant accountant
Source: VSL Steel Ltd Hiriyur
Assistant accountant
The finance department is headed by the financial controller he assigns the functions to assistant senior account officer. ASAO to senior finance manager. Senior finance manager had to be appointed manager to different deportment. Pay and establishment section shows the issuing salary pattern of employees. But VSL follows payment system through bank.
Dividend Decision
Dividend is a part of profits, which are available for distribution to equity shareholders. Payment of dividends should be analyzed in relation to the financial decision of a firm. There are two options available in dealing with net profits of a firm, viz., distribution of profits as dividends to the ordinary shareholders where there is no need of retention of earnings or they can be retained in the firm itself if they require for financing of any business activity. But distribution of dividends or retaining should be determined in terms of its impact on the shareholders wealth. Financial manager should determine optimum dividend policy, which maximizes market value of the share there by market value of the firm. Considering the factors to be considered while determining dividends is another aspect of dividend policy.
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FUNCTIONS
It is the custodian of resources. It contains treasury functions which deals with money flow, it can either be in flow or outflow. Outflow means of may be either coming from loans or capital or out flow or earning profit. Outflow may be either in the form of expense or purchase of assets. Book keeping: All accounts like cash, Bank, Sales regarding assets loans will be maintained by finance department. This book keeping consists of statutory. These statutory are governed by: 1) Company law 3)Income Tax AUDIT: - It Consists Of 1. Internal Audit, which is for only department. 2. External Audit, which include outside experts. Management information system Co-ordination 2) Sales Tax law 4) Customers Act
The finance department the closing of account is done on yearly basis. There will be yearly date i.e. on April-March, which is considered as financial year. The main responsibility of accounts department is to arrange the funds time to time. At the end of accounting period they prepare profit and loss account, balance sheet. Then the final account is submitted to share holders. After that the auditors do the final auditingThe VSLs finance management has dividend into different sections. The whole management is holding by General Manager of the department and finance controller, Senior Accountant, Assistant accountant, are working under the (G.M) General Manager each section of the deportment is having manager to undergo their functioning process easily.
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MARKETING DEPARTMENT
IMPORTANCE OF MARKETING
Marketing is a social process which individual and groups obtain what they want and what through creating, offering-and freely exchanging products and services of value with others. The essence of marketing is exchange or a transaction intended to satisfy human needs and wants through an exchange process. A demand is a want for which the consumer is prepared to pay a price. A want is anything or a service, the consumers desires or seeks. Wants becomes demand when backed by purchasing power. A need is anything the consumer fells to keep himself alive and healthy. A transaction consists of value between two parties. A transaction differs from a transfer. A transfer may receive nothing in return. The aim of making is to make sales and order to earn reasonable portable profit for the producers.
OBJECTIVES OF MARKETING
Barker and Anshen say the end of all marketing activities is the satisfaction of human wants through the satisfaction of human wants, profits are rewarded to the business and addition benefit is the inducement of marketing. Now the time has changed and the objective of marketing is more than security profit. The following are the main objectives of modern marketing activities.
MARKETING MIX
Marketing mix is a term used to describe the combination of the four inputs which constitute the core of a companys marketing system. They are 1. Product 2. Price 3. Place 4. Promotion
The products of VSL steels have good acceptance in domestic market The main functions of marketing deportment are: Maximization of sales Customer satisfaction. Fixing fair prices of products. Distribution 100% resources and raw materials for producing products. Maintaining proper distribution channel.
Asst. Mgr.
Dispatch section
Officer
Officer
SOURCE: VSL STEEL LTD HIRIYUR The Marketing department is headed by the GM means General Manager; here he is assisted by all the department function in the marketing. He is assisted by the dispatch Manager in Marketing. Here they have special policies, quality assurance and quality objective. VSLs marketing has different marketing network across the country.
The respective heads in the marketing department maintain the good customer relationship by having good competitive price to the product and if any fault in product the marketing deportment will contact the production dept to improve in quality of the product. This is done by having good distribution channel in the system. This will lead to achieve all the goals of marketing deportment.
Belgaum
Baroda
Ludhian a
Batala
Rajkot
Ahmada bad
Delhi
MARKETING SEGMANTATION
Marketing segmentation means dividing the market into different segmentation or sector in VSL the market segmentation is one of the bases of customer wise and product wise.
BY CUSTOMER -WISE
defense sectors railway sectors auto and forging sectors engineering sectors trade sectors
Receptionist
Canteen Supervisor
Jr. Assistant
Security Supervisor
Transport Assistant
FUNCTIONS
1. 2. 3. 4. 5. 6. 7. 8. 9. Provide growth-engineering function. Manpower planning. Recruitment and Selection. Introduction of the newly recruited employee. Training and development of the employee. Motivation/Counseling. Grievance handling. In time communication to the employee. Appraisals.
10. Promotion. 11. Discipline & disciplinary actions. 12. Health, safety, welfare of the employee.
SELECTION OR INTERVIEW
The HR department in consultation with HOD of concerned will scrutinize applications received in response to advertisement and lists of candidate to be called for interview will be drawn up. GM/HR OR J.D the list of candidates to be interviewed. The number of candidates to be called for interview should not normally exceed 5 times the number of vacancies to be filled up. The selection committee as per the rating sheet will assess candidates appearing for interview.
SOURCES OF SELECTION
Employment exchanges Open advertisements Ex employees Employment and known services trainees
TIME OFFICE
It is a branch of Personnel Department. Time office is a key to Personnel Office. The primary function of time office is to maintain the attendance register of the employees and leave register and wage and salary exemption of all employees. Every employee of the company will be provided with an identity card, Production of which is mandatory to gain, attendance into the company premises during the assigned shift. Every employee shall on demand by authorized persons, shall produce the card. Failing to produce the card will debar the employee from work for the day and also make him liable for disciplinary action. The Identity Card cannot be transferred and in the event of loss of identity card, the employee shall immediately report the loss to security and personnel department. The employees shall bear the entire cost of reassurance, discharge retirement etc., the employee shall return the badge to the issuing authority.
Source: VSL Steel Ltd Hiriyur The wage determination process: In the VSL has good and systematic process for the determination of wages. The wage is determined following measures like, 1) Job performance, 2) Experience, 3) Individual performance Time of payment of wage: In VSL has systematic time of payment of wage. In VSL the wage is given before the 7th and 10th of the every month to all employees.
NOTIFICATION OF VACANCIES Management will require the employment exchange to sponsor the suitable qualified candidates. If the local or central employment exchange as the case may be does not sponsor suitable candidates. The posts will be advertised in the newspaper. INTERNAL
Presently VSL follow internal source to market right member at right place giving promotion to existing worker and giving grade from A to Z likewise EXTERNAL
The advertisement will be given in the newspaper for the required number of vacancies in the organization.
PAYMENT OF WAGES
All workers shall be paid on or before the end of the 7th working day after the last date of the wages period in respect of which the wages are payable Any wages Due to the worker which a worker has not to required on the usually pay day shall be treated as unclaimed wages. OR All wages / salaries due to the workers will be paid on or before 7th day of the month following. The date of payment shall be notified on the company notices board.
TRAINING AND DEVELOPMENT Employees directly corridor the company service is required to undergo initial familiarization training which in some cases extend to a period of one year.
PERFORMANCE APPRAISAL Performance appraisal is an important management function and the report is a valuable document which has direct bearing on the future career of any officer /employee. It provides an opportunity to record achievements and also reveal drawbacks on the part of the officer / employee calling for corrective action. It creates confidence and is sources of awareness amongst the officer /employee that their future prospects depend upon their service record. TERMINATION OF EMPLOYMENT BY THE COMPANY The service of permanent workmen may be terminated by either party giving to the other one months notices in writing or paying equivalent wages in lieu of the notice. The service of workman can be terminated on the ground of services no longer required in the interest of the company without assigning any reasons. A workman whose services are terminated under this clause, shall be deemed to have been retrenched and be paid compensation at the rate of half months wages for every completed year of the services or part therefore not being less than six months as per the Industrial Dispute Act 1947 except where there is conclusive evidence to substantiate anti national or subversive activities by the workman.
probationary period or during the period of probation without given any notice PUBLICATION OF WORKING TIME The periods and hour of work for all class of workers in each shift shall be exhibited in English and Kannada on notes board as per the factory act.
ATTENDANCE
1. Every workers shall commence work at assigned place and at the time fixed for commencement of work in accordance with the notified working hours 2. The starting and closing of work period, the starting and closing interval period shall be notified time to time and singled and sustainable drives. 3. If any worker is found to have left the assigned place of work before the start of interval period or before the close of shift such worker should be demand to have competed on act of misconduct and shall be liable those standing orders. 4. Every worker shall be allowed minute grace time at the commitment of the shift three times in month but no grace will be allowed at the end of the internal time. Worker coming late will lose wages as per the provision of the payment of wages act 1936. 5. If worker is late to work either at the of the shift working hours or after lunch internal for more than three times a month to successive months or for more than five time any month. The shall be declared as habitual attainder and shall be liable for disciplinary action as provides for under the standing orders.
TRANSFER
The management shall the right to transfer a worker from one department to another in the same factory as the company may divides at its discretion. A worker is also liable to be transfer to any of the companys branches or any of its. Units whenever situated within Karnataka state the company shall also have the right to transfer a
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WELFARE MEASURES The VSL provide welfare measures like, medical, canteen, uniforms, goggles, hand gloves, shoes, aprons, rain coats. Nose filter.
GOALS OF HRD:
1. Development of individual capacity 2. Development of competitive in relation job being performed 3. Development of corporate approach 4. Development of interpersonal relationship 5. Development of overall organization culture
ROLE OF HRD:
1) Human resources planning 2) Human resources accounting 3) Human resources maintenance 4) Human resources training and development
TRAINING OBJECTIVES: 1. To help the trainee 2. To improve knowledge, skill, attitude and performance 3. To development to increase productivity 4. To prepare for greater responsibility 5. To improve interpersonal relationship The HR Department is a part of the management function. Primarily these departments will deal with human relationship within & outside the organization. This department preparing the attendance and given the salary of the employees, it is a one of the main department of the organization every work is process in HR department.
Asst. Mgr.
Engineer
Supervisor
Sampling Operators
Source: VSL steel ltd hiriyur The raw material department is headed by the Assistant Manager he is assigned by the engineer and supervisor all the department function in the raw material He is assisted by the weigh bridge and purchase the raw material high transportation cost.
RAW MATERIALS
The major raw materials used in the Blast Furnace operation are Iron Ore, Coke, Manganese Ore, Lime Stone, Quartz and Dolomite. The company meets its entire annual requirement of Iron ore for the plant from its OWN CAPTIVE MINES located at Sandur, Bellary having rich high grade Iron ore deposits. Our expertise in Iron ore export enables us to negotiate the Import of best LAM COKE from China.
A) Iron Ore: Total iron ore requirement for manufacture of pig iron is procured from captive mines located at Sandur, Bellary District. Annual requirement is 3, 00,000 MT. B) LAM Coke: Is being imported from China and also we are Procuring from domestic market and required is 1, 30,000MT per annum. C) Lime Stone: Lime stone is procured from local area, north Karnataka and South West parts of Andra Pradesh. Annual requirement is 20,000 MT. D) Dolomite: Dolomite is procured from local area, North Karnataka and South West parts of Andra Pradesh. Annual requirement is 17,000 MT. E) Quartz: Quartz is procured from local area. Annual requirement is 5,000 MT. F) Manganese: Manganese is procured from local area and Bellary - Hospet sector. Annual Requirement is 5,000 MT. The principle involved in Blast Furnace iron making is the thermo-chemical reduction of iron oxide ore by Coke into liquid iron at around 1500 The unwanted materials are removed in the form of liquid slag by addition of suitable fluxes. Raw materials are charged from blast furnace top and hot air is sent up from the bottom resulting in these thermo-chemical reactions.
SECURITY DEPARTMENT
Security Department is the index of the company and an independent department of the organization. The primary function of this department is to safeguard the Personnel materials and property. I also collect the information regarding the employees and surroundings. Security Department also takes care of fire incidence. They also look transport for Personnel. This department consists of 26 guards totally. These guards are provided by the Agency. Security department is one of the important departments in every organization. The security department performs some of the following functions. Before making dispatch of the materials the security department makes proper inspection of materials along with the necessary documents. At the time of the receiving the supplies also make proper checking of the goods actual quantity with the documents. The main function is avoiding the theft, pilferage in the company.
The Security Department expects certain qualities from the guards while appointing for the post. They are as follows He should be physically fit. He should have security background. He should be intelligent and initiative. The entrance of the factory consists of 2 main gates. They are 1. Gate No.1:- It allows only visitors and punch gates 2. Gate No.2:- It allows materials going out after dispatched and employees.
Duties of Guards of Main Gate They should not allow any vehicle and man without receiving the gate pass. They should leave only the visitors and incoming materials from Gate No.1 with pass. They should leave only those trucks taking out materials after dispatched and not any other vehicles.
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SAFETY DEPARTMENT
VSL Steels recognizes the importance of safety and health of its employees. We are committed to follow safety procedures to reduce all identified operational hazards, risks to employees, contractors and visitors. Training is provided for all employees to work safely to prevent injury to themselves and others, and avoid damage to property.
A well equipped First Aid and Occupational Health Centre is operational round the clock. It is supervised by qualified Employees throughout the world lose their fingers, eyes, limbs, even their lives, every day. Accident cost the organization dearly.
OBJECTIVES OF SAFETY
Accident prevention. To provide safe, comfortable and good working condition To achieve reduction in accident, occupational diseases and loss of property. To improve productivity Improve morale and communication. Improve corporate image
SAFETY POLICY VSL steel plant, paramenahalli in hiriyur is committed to The safety of its employee and the people associated with it including those living in the neighborhood of its plant. Pursue the safety efforts in a sustained and consistent way by establishing safety performance and providing the resources to make safety program work. TEN SAFETY RULES Firm belief that all accident is preventable. All employees are responsible. Correct or report unsafe conditions Use adjust and repair equipment only authorized Follow instruction dont take chances if you dont now ask
SAFETY EQUIPMENT PROVIDED TO EMPLOYEES IN VSL Hard helmet. Skullcap Safety glasses (plane and welding) Welding mask Hand mask Safety shops Legs spats Ear plugs and ear muffs Safety aprons
TYPES OF MARKETING INFORMATION DEPARTMENT a) Order Acceptance System In this system, the orders to produce goods are accepted from the customers. This system has to take into account how much goods to be Produced, when to dispatch, where to dispatch where to deliver the goods and when to deliver the goods etc. b) Production Planning And Control Order acceptance system and introduction planning and control are lined together. Marketing people should know the pending orders. They should know when the goods are to be produced. If good are produced the quality is not cleared. If the quality is cleared the goods are not dispatched. These are the reasons for the orders remaining pending. They should also know who the customers and where the goods to be dispatched. Then they will give the daily production reports. These reports will go to excise department for knowing the stock availability. c) Quality Assurance System In this system, until the quality is cleared the dispatch advice cant be made as per the O.A. then the dispatch channel is prepared. Truck loading sheet is important for quality people to check whether the right product is loaded or not in the truck after that invoicing is done. a. Financial Accounting System c. Stores And Purchase System b. Costing System d. Excise System
GM
Dy. Mgr.
Dy. Mgr.
Dy. Mgr.
Dy. Mgr.
Engineer
Engineer
Engineer Technician n
Engineer
Engineer
Technician
Engineer
Technician n
Engineer
Technician n
Engineer
Operator
Technician
Operator
Technician
Operator
Technician
Operator
Technician
The Blast Furnace Operations Department headed by the joint director assigning the function of GM. General Manager hear assigning the work of engineer and technician finished the work in technical problems in the organization.
Blast Furnace
The blast furnace top charging system is equipped with a double bell system to maintain the blast furnace top pressure. The raw materials are evenly distributed by using a rotary chute. The charging is carried out in batches as per the pre-determined sequence. The stock level indicator measures the level of raw materials inside the furnace and gives feedback for charging inputs. The entire charging system from screening to charging is fully automated using Siemens Automation Systems.
STRATEGY
The strategies of VSL with reference to functional areas are very clear. which are given below. Strategies are the actions a company plans in response to or anticipation of changes in its external environment. It includes purposes, mission, objectives, goals, and major action plans and policies. At VSL steels limited, the prices for its products are fixed on the basis of raw materials cost, market condition, and cost production. VSL competes on high quality, affordable price and timely delivery of its production to customers and marketing strategy adopted by VSL is effective and maintain continuous improvement in quality to achieve customer satisfaction. VSL adopts certain strategies to develop technical personnel at all levels through appropriate human resources and development programming the organization with a view to further improve the skill and performance consistent with the high technology operations. Safety and welfare strategies are adopted by the organization to strengthen the environment. Health and safety measures.
Pricing strategy At VSL Steels Limited, the prices for its products are fixed on the basis of raw material cost, market condition, and cost of production. Waste management strategy Sewage Treatment Plant of 32KLD has been constructed. The plant is designed on zero discharge principle. The processed water is re-circulated and make-up water is added to take
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SYSTEM
System reface to all the rules, regulation, daily activities and procedures both formal and informal that compliments the organization structure. It includes all the processes and information flow the link the organization together, consisting of training and development system, planning and budgeting systems, performance management systems, etc Management information system at VSL steels limited has a well designed information network. They have fully equipped technical information department, which is called as information system group. The most essential function of this department is to make the strategic and operational level information at all time. Production planning and control system : In VSL steel plant, there is a PPCS (production planning control system) to prepare the annual performance plan, which control the production activities this department, every year publishes one books in the month of April, which is having the title as annual performance plan in the this book production plan, the budgeting financial expenses, forecasting sales and the actual statistical datas of previous year are mentioned. Productions are planned according to the capacity of each deportment. Capital budgeting system : In VSL steels limited is a separate system for the capital budgeting. For cost accounting, this comes under deputy general manager (FC)In VSL every sales price is different; it varies from customer to customer. In negotiating the price for each customer, the cost according
SKILLS
Skills refer to the actual skills and competencies of the employees working for the company. The term skill includes those characteristics which are developed over a period of time. VSL Steels Limited is good at technical and human skills. There are around 130 skilled workers followed by 30 semi-skilled and 30 unskilled workers out of 300 permanent employees. On the Job Training is provided for fresher. Training programs are conducted regularly for all the employees to enhance their skills. The industry is having fully skilled persons or employees. The industry providing training to newly appointed employees to improve their skills regarding the working condition in the industry, and also to develop their mental ability. The industry is having tow type of workers one is semi skilled workers and another one is unskilled workers.
STYLE
Style refers to the cultural style of the organization, how key mangers behave in achieving the organizations goals, how managers collectively spend their time attention, and attention, and how they use symbolic behavior. How management acts is more important that what management says. The management of VSL is completely employee oriented. They receive the feedback from the workers and decide on the change in the strategies. As VSL unit of The VSL handover the authority and responsibility to the workers from that the workers can execute his/her ability efficiency and capacity of manage the industry. Through this the organization can get the help from workers to take a proper decision and planning on industry development and forecast future strategies
STAFF
The term Staff refers to the employees and their general capabilities. Staffing is the process of acquiring human resources for the organization and assuring that they have potential to contribute to the achievement of the organizations goals. In VSL Steels Limited, there are nearly 300 workers comprising of permanent employees, trainees and probationers. There are 500 plus contract workers. The company's Manpower is its real strength. VSL Steels is an equal opportunity employer. There are around 130 skilled workers followed by 30 semi-skilled and 30 unskilled workers out of 300 permanent workers. Employees are the assets of the industry therefore human force is very significant to industry. Today VSL is having 600 employees in the industry; in that most of the employees age is around 50-52 years. The duties and responsibilities of staff differ from department to department like production departments To other departments. Before retiring the employees will get promotion in their grades, but the industry is frustrating that the skilled employees are rating in the number two to three for every month. Three for the industry is lacking skilled people
SHARED VALUES
Shared values are the core values of the company that are evidenced in the corporate culture and the general work ethic. These are also called super ordinate goals. Placing shared values in the middle of the model emphasizes that these values are central to the development of all the other critical elements. The original vision of the company was formed from the values of the creators. As the values change, so do all the other elements.
Customer Satisfaction: Both the management and workers are committed to understand the present and the changing needs of the customers and fulfilling them for achieving total customer satisfaction.
Environment Protection: Management and workers are committed to protect the environment. To control the dust, all the major roads within the plant are asphalted. The approach road from Highway to the plant is also asphalted. Water tanker, water sprinklers and rain guns have been installed to wet roads and stock yards for dust suppression.
Safety They are committed to follow safety procedures to reduce all identified operational hazards, risks to employees, contractors and visitors. Training is provided for all employees to work safely to prevent injury to themselves and others, and avoid damage to property. VSL Steels Limited strives to be a good corporate citizen. VSL Steels as a corporate entity believes in inclusive growth of all stakeholders associated with the company. They have taken a pledge to improve the living standards of people in the area of their operations. The VSL vision is to being world class innovative and competitive through its values and products, for that the VSL has implemented some kind of core values to meet its ultimate objectives or goals.
School uniforms distributed to all students of Government schools of Paramenahalli, Doddaghatta, Uduvalli and Kathrikenahalli villages.
Dining Hall built for Government schools of Paramenahalli villages and Mokshagundam School at Hiriyur.
Beautification and maintenance of TB Circle at Hiriyur. Donation for Brahmha Ratha to Kanive Maramma Temple at Vanivilasapura. Play ground for Government school of Paramenahalli and Kathrikenahalli village. Free Medical Check-up Camp held at Navodaya Viddyalaya, for the villages of Doddagatta, Uduvalli, Kathrikenahalli and Paramenahalli. VSL has sponsored the treatment and also conducted operations warranted on a case to case basis.
Donation of Wheel Chairs to physically handicapped persons of Uduvalli, Paramenahalli, Doddaghatta and Kathrikenahalli Villages.
Mass Marriage ceremony was sponsored and arranged for over hundred couples for the last four years.
Donated rupees 10 lakh to Bangalore Diabetes Hospital, Bangalore. Contributed rupees 11.4 lakh for North Karnataka Flood Relief Fund. VSL steels as a corporate entity believes in inclusive growth of all stakeholders associated with the company. They have taken a pledge to improve the living standard of people in the area of their operation.
CHAPTER 5
SWOT ANALYSIS STRENGTHS
1. Latest technology of production. 2. Captive power plant of 4 MW.
3. Experienced management and technical team. 4. Product quality is the strength of the company. 5. VSL has good reputation in Steel market this is the result of long experience. 6. Good work culture. 7. Customer satisfaction. 8. Economical and skilled work force. 9. Easy access to the major ports of Mangalore. 10. Good support from bankers 11. Growing market demand
WEAKNESSES
1. VSL is far away from the main market. 2. Freight and Transportation costs are high as the Port and Railway Station are very far from the Plant. 3. Market realization is weak. 4. Transportation costs are high due to non-availability of trucks and other means of transportation. 5. Financial crunch is another weakness of VSL steels ltd. 6. Problems in efficient warehousing and out bound transaction. 7. Purchasing iron ore and coke for high price.
OPPORTUNITIES
1. It lies in the vicinity of large potential and unexplored market of southern India. 2. More and more infrastructural projects from State and Central Govt. are another opportunity which increases demand for its production. 3. Growing market. 4. Support from the state government. 5. Export potential is one of the greatest opportunities. 6. Modernization of the plant and machine.
THREATS
1. Tough Competition with SAIL, TISCO, MITTAL, JINDAL, KIRLOSKAR and other big players. 2. Price war may result due to close competition and price being the main constraint in steel marketing. 3. Dumping of metal from countries like Korea is another major threat. 4. Threats from materials like aluminum, plastic and cement. 5. Availability of Chinese steel at cheaper rate in the domestic market. 6. Customer choosing to go for cheaper products. 7. Need for frequent renovation of plant and machinery. 8. Growing competitors of domestic market.
FINDINGS
VSL Steels Limited is a manufacturer of high quality Pig Iron and is a flag ship company The VS Lad group is one of the oldest and largest suppliers of iron ore from the South Indian State of Karnataka The Iron and steel are two of the most important metals. Steel is an alloy of iron and other material. VSL steels are one of the leading producer and exporters of iron ore, mining around three million tons per annum. The plant has an annual production capacity of 1, 44,000 MT of Pig Iron, which will be enhanced to 2, 16,000 MT per annum by commission of new Sinter Plant. The VSL adopted Captive power plant of 4 MW. Transportation costs are high due to non-availability of trucks and other means of transportation. Purchasing iron ore and coke for high price All the employees have good relationships with their co-workers. The entire deportment of VSL is computerized. Employees are satisfied with the resources provided to them to successfully do the job. VSL Steels Limited strives to be a good corporate citizen. VSL Steels as a corporate entity believes in inclusive growth of all stakeholders associated with the company In year 2010-11 because of market conditions it has suffered loss to some extent. Company hopes to recover this in the coming year To provide safe, comfortable and good working condition The financial position of the company is very good and it is running in Profit. The opportunities for the company are high as it is not facing much competition. There is an unusual rise in the prices of the raw materials and the company is also facing the problem of delay in payments from its customers.
SUGGESTIONS
Training program is necessary for all the workers to improve quality of production.
Company still has to make a strict rule to all employees who enters to the production, they have to provide all the safety equipment to them and should make the compulsory check and of the employees who enters the plant. Employee meeting should be held once in three months to solve the problems of employee and to take their valuable suggestion Company should purchase raw materials in near the market
VSL Steels Ltd should try to enter all the regions of India as its new market place.
CONCLUSION:
VSL Steels Limited is a manufacturer of high quality Pig Iron and is a flag ship company of the trusted "VSL GROUP". VSL is known for its professionalism, Quality, and Competence and is one of the pioneers in mining industry. VSL Steels produces various grades of Pig Iron which are utilized by the foundry industry to produce superior grade and high quality precision casting, VSL Steels has setup a quality assurance Lab with modern equipments along with well qualified staff. Raw materials are checked to ensure their quality by the applicable Indian Standards (IS) Methods. The company's Manpower is its real strength.. VSL steel is a growing company and the demand for its products is increasing. And it has taken up expansion plans also, through its new plant it is expecting good returns. As a result of ongoing expansion activities, in the organization. VSL is a maintaining skilled employees but they are passing out from the industry within two to three years. At present the industry is lacking the skilled employees for the upcoming days of the industry. Also industry has having poor technology machineries few deportment compare to other development industry. VSL steels is a growing company, it has been taken up expansion plans also, it produces the quality products, some of the machines like conveyer belt, costing machines getting trouble for every short period so management has to take necessary steps to overcome the problem. The performance of the V.S.L steels is not satisfactory in the year 2009-2010 because the cost of goods sold is higher than the total income of the company it may be impact of market condition also,
BIBLIOGRAPHY
BOOKS
Philip kotler, Marketing management 9th edition Himalaya publishers, year 2004 pg no 56-125
P. Subba Rao Human resource management edition Himalaya publishers, year2008 pg no 289-3573rd M.Ykhan & P.Kjain Financial management 4th edition McGraw-hill publication pg no 10.3 -25.18
REPORTS AND MANUAL Annual report of VSL VSL Profile Production manual
LEARNING EXPERIENCE
I have gone through in plant training of four weeks from 1st Aug 2011 30 th august 2011 helped me in gaining ledge about the actual working of the organization. Got great support from the employee of all levels. The in plant training at VSL was a value based experience in this factory the administration dept gives more importance to safety. It is well equipped and advance technology is used in production process. Studied and learnt many things carried in the organization. There are very strict rules followed in the HR department, and attendance was taken daily to check the regularity and we used to say from morning 10 to evening 5 daily and to visit different departments daily according to their schedule. There was good reaction and co operation by the superiors and subordinates of VSL they helped me in collecting the information regarding the different department and production process. Got the clear picture about the organizational work carried on and how the work is allotted and how it is carried out and the duties and responsibilities of the employees in the organization. 29th July2011 The experience met to the general manager of the organization and got permission to do the project work. The experience was studying about the company history types of authority studied the experience state to study about the departmental wise firstly done the information about the HRD department play an impartment role in any of the organization. It is visited with the responsibility of activities such as determining the man power requirements, recruitment, selection, training and development, promotion wages and compensation of all the employees VSL. The auditing of the entire department is carried on by the HRD on a continual basis for the smooth running of the organization. The experience was production department in this department got the clear information that how they converting raw material to finished goods with practical experience. The experience was raw materials department and in this department clear information was collect. Visited to finance department as well all know that finance is lifeblood of every organization, personally had a look at the finance department. Came to know the importance of finance department, and came to know the different tools they use to have control over the liquidity position of the company The experience was safety department and this department importance of safety and health of its employees and hard helmet. Skullcap, Safety glasses (plane and welding) Welding mask, Hand mask, VSL this type of facility is given to the employee. Now came to the marketing department in the department manager very experience parson to marketing their production some time holds their selling while price is decrees and increase. Security department in department is given protection to organization it has divisional work force like security officers, security inspector head guards and watch man for this purpose company having safe. Infrastructure facilities like canteen, hospital, education, library facility, transportation facilities, and information had been collected.
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