INTRODUCTION

Indian cement industry is one of the key industries amongst various old economy industries which have witnessed up and down cycles along with the general economic trend in the past. However as the Indian economy has gathered its momentum in the last couple of years the fortune of this industry had long swing from being unfavorable demand and supply scenario to burgeoning demand prospects. Though the industry is not a glamorous one it is worth noticing that India is the worlds second largest cement producing country after china. Cement being one of the key construction material used in creation of infrastructure has witnessed a robust growth of more 8.5% in volume terms during the third quarter of current financial year and about 10% rise in dispatches in the first nine months of the year mainly on the back of growing investment in infrastructure projects. Cement Industry in India is on a roll at the moment. Driven by a booming real estate sector, global demand and increased activity in infrastructure development such as state and national highways, the cement industry has witnessed tremendous growth. Production capacity has gone up and top cement companies of the world are vying to enter the Indian market, thereby sparking off a spate of mergers and acquisitions. Indian cement industry is currently ranked second in world.

The origins of Indian cement industry can be traced back to 1914 when the first unit was set-up at Porbandar with a capacity of 1000 tonnes. Today cement industry comprises of 125 large cement plants and more than 300 mini cement plants. The Cement Corporation of India, which is a Central Public Sector Undertaking, has 10 units. There are 10 large cement plants owned by various State Governments. Cement industry in India has also made tremendous strides in technological upgradation and assimilation of latest technology. Presently, 93 per cent of the total capacity in the industry is based on modern and environment-friendly dry process technology. The induction of advanced

technology has helped the industry immensely to conserve energy and fuel and to save materials substantially. Indian cement industry has also acquired technical capability to produce different types of cement like Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Blast Furnace Slag Cement (PBFS), Oil Well Cement, Rapid Hardening Portland Cement, Sulphate Resisting Portland Cement, White Cement etc. Some of the major clusters of cement industry in India are: Satna (Madhya Pradesh), Chandrapur (Maharashtra), Gulbarga (Karnataka), Yerranguntla (Andhra Pradesh), Nalgonda (Andhra Pradesh), Bilaspur (Chattisgarh), and Chandoria (Rajasthan). Cement industry in India is currently going through a consolidation phase. Some examples of consolidation in the Indian cement industry are: Gujarat Ambuja taking a stake of 14 per cent in ACC, and taking over DLF Cements and Modi Cement; ACC taking over IDCOL; India Cement taking over Raasi Cement and Sri Vishnu Cement; and Grasim's acquisition of the cement business of L&T, Indian Rayon's cement division, and Sri Digvijay Cements. Foreign cement companies are also picking up stakes in large Indian cement companies. Swiss cement major Holcim has picked up 14.8 per cent of the promoters' stake in Gujarat Ambuja Cements (GACL). Holcim's acquisition has led to the emergence of two major groups in the Indian cement industry, the Holcim-ACC-Gujarat Ambuja Cements combine and the Aditya Birla group through Grasim Industries and Ultratech Cement. Lafarge, the French cement major has acquired the cement plants of Raymond and Tisco. Italy based Italcementi has acquired a stake in the K.K. Birla promoted Zuari Industries' cement plant in Andhra Pradesh, and German cement company Heidelberg Cement has entered into an equal joint-venture agreement with S P Lohia Group controlled Indo-Rama Cement.

OVERVIEW OF THE ORGANISATION

COMPANY PROFILE ACC Limited is Indias foremost cement manufacturer with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. Among the first companies in India to include commitment to environment protection as a corporate objective, ACC has won accolades for environment friendly measures taken at its plants and mines, and has also been felicitated for its acts of good corporate citizenship. ACC is the most preferred cement brand name in India. ACC is now part of the worldwide Holcim Group. ACC (ACC Limited) is India's foremost manufacturer of cement and concrete. ACC's operations are spread throughout the country with 16 modern cement factories, more than 40 Ready mix concrete plants, 21 sales offices, and several zonal offices. It has a workforce of about 9,000 persons and a countrywide distribution network of over 9,000 dealers. Since inception in 1936, the company has been a trendsetter and important benchmark for the cement industry in many areas of cement and concrete technology. ACC has a unique track record of innovative research, product development and specialized consultancy services. The company's various manufacturing units are backed by a central technology support services centre - the only one of its kind in the Indian cement industry. ACC has rich experience in mining, being the largest user of limestone. As the largest cement producer in India, it is one of the biggest customers of the domestic coal industry, of Indian Railways, and a considerable user of the countrys road transport network services for inward and outward movement of materials and products. Among the first companies in India to include commitment to environmental protection as one of its corporate objectives, the company installed sophisticated pollution control equipment as far back as 1966, long before pollution control laws came into existence. Today each of its cement plants has state-of-the art pollution control equipment and devices.

ACC plants, mines and townships visibly demonstrate successful endeavors in quarry rehabilitation, water management techniques and greening activities. The company actively promotes the use of alternative fuels and raw materials and offers total solutions for waste management including testing, suggestions for reuse, recycling and co-processing. ACC has taken purposeful steps in knowledge building. We run two institutes that offer professional technical courses for engineering graduates and diploma holders which are relevant to manufacturing sectors such as cement. The main beneficiaries are youth from remote and backward areas of the country. ACC has made significant contributions to the nation building process by way of quality products, services and sharing expertise. Its commitment to sustainable development, its high ethical standards in business dealings and its on-going efforts in community welfare programmers have won it acclaim as a responsible corporate citizen. ACCs brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It is the only cement company that figures in the list of Consumer Super Brands of India. VISION To be one of the most respected companies in india; recognized for challenging conventions and delivering on our promises. VALUES Strength Performance Passion

AWARDS & ACCOLADES

ACC was the first recipient of ASSOCHAMs first ever National Award for outstanding performance in promoting rural and agricultural development activities in 1976. Decades later, PHD Chamber of Commerce and Industry selected ACC as winner of its Good Corporate Citizen Award for the year 2002. Over the years, there have been many awards and felicitations for achievements in Rural and community development, Safety, Health, Tree plantation, afforestation, Clean mining, Environment awareness and protection. Other prominent awards won by us over the years comprise some coveted ones conferred by organisations of repute.

Awards & Accolades

National Award for Excellence in Confederation of Indian Industry (CII)

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Outstanding Corporate Vision, Triple Impact - Business Performance Social & Environmental Action and Globalisation for 2009-10 from Federation of Indian Chambers of Commerce and Industry Asia Pacific Entrepreneurship Award in two categories, Green Leadership and Community Engagement by Enterprise Asia. Indira Priyadarshini Vrikshamitra Award --- by The Ministry of Environment and Forests for "extraordinary work" carried out in the area of afforestation. Subh Karan Sarawagi Environment Award - by The Federation of Indian Mineral Industries for environment protection measures. Drona Trophy - By Indian Bureau Of Mines for extra ordinary efforts in protection of Environment and mineral conservation in the large mechanized mines sector. Indira Gandhi Memorial National Award - for excellent

performance in prevention of pollution and ecological development

Excellence in Management of Health, Safety and Environment : Certificate of Merit by Indian Chemical Manufacturers Association Good Corporate Citizen Award - by PHD Chamber of Commerce and Industry FIMI National Award - for valuable contribution in Mining activities from the Federation of Indian Mineral Industry under the Ministry of Coal. Rajya Sthariya Paryavaran Puraskar - for outstanding work in Environmental Protection and Environment Performance by the Madhya Pradesh Pollution. Control Board. National Award for Fly Ash Utilisation - by Ministry of Power, Ministry of Environment & Forests and Dept of Science & Technology, Govt of India - for manufacture of Portland Pozzolana Cement.

CORPORATE SOCIAL RESPONSIBILITY

Today ACC define Corporate Social Responsibility as the way a company balances its economic, social and environmental objectives while addressing stakeholder expectations and enhancing shareholder value. But ACC has undertaken social volunteering practices almost from its inception, long before the term corporate social responsibility was coined. The companys earliest initiatives in community development date back to the 1940's in a village on the outskirts of Mumbai while the first formal Village Welfare Scheme was launched in 1952. The community living around many of our factories comprises the weakest sections of rural and tribal India with no access to basic amenities.

BOARD OF DIRECTORS
Mr N S Sekhsaria Chairman Mr Paul Hugentobler Deputy chairman Mr.kuldip karura Chief executive officer & managing director Mr.S.M.Palia Mr.Markus Akermann Mr.M.L.Narula Mr.D.K.Mehrotra Mr.Shailesh Haribhakti Mr.Aidan Lynam Mr.Sushil Kumar Roongta PRODUCT ACCS range of cement and blended cement are marketed through a network of 11 regional marketing office,16 area offices and 160 warehouses. This is backed by countrywide network of over 9000 dealers. Acc has franchchising agreement for cement marketing along with cement company goa. Ordinary portal cement Composite cement National brands 43 grade cement

FUNCTIONAL DEPARTMENTS
Functional departments of the company are classified as follows: Human resource Production Finance Information system

HUMAN RESOURCE DEPARTMENT

ACC has a large workforce of about 9,000 people, comprising experts in various disciplines assisted by a dedicated workforce of skilled persons. ACC employees, referred to as the ACC Parivar, come from all parts of the country and belonging to a variety of ethnic, cultural and religious backgrounds. ACC employees display a strong sense of loyalty to the Company and their special stellar qualities as value-adding human capital are well known in the industry. ACC has clearly stated guidelines concerning recruitment, termination, career advancement, performance appraisal, professional and employee ethics and code of conduct. The Companys personnel policies and processes enshrine equal opportunities to all and non-discrimination with regard to gender, caste, creed, ideology or other opinion, whether social, political or religious. Also ensured is a due process for employee consultation and participation in organizational development and policy formulation.

FUNCTIONS
Recruitment Performance management Training & development Employee satisfaction Employee welfare

RECRUITMENT
Recruitment in ACC is a very fair and transparent process with adequate opportunities to look for suitable candidates internally as well as from outside. Applicants are generally invited on the basis of specific advertisements in newspapers and websites. A Committee of officers called the Central Recruitment Committee handles the entire recruitment process comprising screening of applications, preliminary short-listing, interviews and final selection. Every attempt is made to make the selection process as objective as possible by incorporating tests of competence. In some cases, outside consultants are retained. All decisions of the recruitment committee are recorded in respect of each candidate. Candidates are informed of their short-listing and selection immediately after the interview or at the earliest thereafter.

PERFORMANCE MANAGEMENT
The Companys performance management system is in itself a benchmark that provides ample opportunities and motivational incentives to employees so as to reward and retain good talent within the Company. These incentives include Performance Linked Incentives, Good Work Awards, Letters of Appreciation, Special Increments, Promotions, Nomination to external training programmers in India and abroad, public felicitation and appreciation. Some plants have Best Employee and Employee of the Month Awards and recognition. Competent employees and those who display aptitude are invited to become Trainers themselves and receive Train the Trainer facilitation.

TRAINING & DEVELOPMENT

The new Performance Management System incorporates a process called Competency Assessment and Training and Developmental Needs wherein appraisers are specifically called upon to identify and assess training needs of employees at specific intervals that do not coincide with Performance Appraisals. This is so that training needs can be assessed objectively.

Training is imparted to take care of an individuals career development as well as functional and skill enhancement. Competency and Development training inputs include Skill and general performance enhancement, communication skills and Career development. Functional training needs are identified and conducted by functional departments while Corporate HR organizes competency and developmental inputs.

EMPLOYEE WELFARE
Employee welfare receives prime attention at ACC. We have several schemes for general welfare of employees and their families. These cover education, healthcare, retirement benefits, loans and financial assistance and recreation facilities. ACC townships have excellent schools that are often the best in the district. Education at these schools is subsidized for employees wards. We offer attractive scholarship allowances for children studying at places away from their parents, merit scholarships for outstanding children and financial assistance for employees children to pursue higher professional education. Liberal medical benefits are made available to employees and their family members by way of reimbursements towards normal medical treatment, domiciliary treatments and special sanctions for serious illness. Each of our townships has well-equipped health care centres with qualified medical staff and facilities, ambulance, referrals and tie-ups with reputed hospitals for specialized treatment. In addition, there are regular health checkups, camps and programme. Employees are eligible to apply for loans and financial assistance for various purposes such as purchase of assets, residential premises as well as a scheme that provides for supply of cement at subsidized rates to those building their own houses. At our cement plants and factories, employees are provided furnished and unfurnished accommodation based on their entitlements. At many locations, the employees are given free electricity, free water supply and free bus facility for nearby places and schools. These houses are wellmaintained and periodically upgraded.

EMPLOYEE STATISFACTION
In addition to periodic internal Employee Satisfaction Surveys, we participate in Employee Satisfaction and Work Places Surveys conducted by reputed external agencies and organisations like Hewitt Associates Grow Talent. And from time to time, ACC has also retained reputed firms to study our internal work environment and employee policies and suggest areas of improvement. We share below salient points of the latest survey of employees: People are treated fairly regardless of religion and gender ACC is a safe place to work Management is competent in running business Employees feel good about what we do for society Proud to tell others I work here Management thinks positively The overall findings show significant job satisfaction at all levels as also deep respect for the company, its performance management system and its overall business performance.

PRODUCTION DEPARTMENT
It is a functional area responsible for converting inputs into finished product through a series of production process.
MANUFACTURING PROCESS Crusher section Ball mill and flotation section Raw mill section Kiln section Cement mill section Packing house

CRUSHER SECTION
The basic function of crusher department is to crush limestone of required size. The first stage is referred as primary crushing in which the size of

limestone is reduced from big boulders to small pieces of size up to 150200mm. The second stage of crushing is referred as the secondary crushing and it is performed by an impact crusher, also called secondary crusher. the output from secondary crusher will be size of 30mm.

BALL MILL AND FLOTATION

The limestone size of above 30mm will be again discharged on the belt to the ball mill. The basic function of ball mill and flotation department is to ground the crushed limestone into high-grade slurry by forth flotation process. 90% of limestone content is required in the slurry to produce cement, so for this purpose the flotation process is used. The output from the ball mill is slurry which contains 80% of limestone content. By the use of flotation process it is changed into 100% limestone content and stored in silos. Then the slurry from raw mill is mixed into the 100% lime content slurry and made into 90% limestone content Which is very much needed for cement making process.

RAW MILL SECTION

The basic function of raw mill is to ground the crushed limestone along with corrective materials like bauxite, literate, iron ore in required proportion in the raw mills and to generate low-grade slurry which is used in the flotation process.

FILTRATION
The slurry will contain 35% of water content in it . so it will cost more to heat the slurry because coal is main material used in the heating process. the filtration process is used to observe the moisture and make into 5% moisture.

KILN SECTION
The basic function involved in the kiln department is to transform kiln feed slurry into clinker, which is an intermediate product in cement manufacturing. The clinker manufacturing process adopted at works is semi-wet process as the slurry before feeding to the kiln is converted in to cake by filtration process. It is a heating process were the slurry is changed into clinker.

CEMENT MILL
The basic function of the cement mill department is to produce ordinary Portland cement by grinding clinker and gypsum and to produce protland pozzolana cement by grinding clinker,gypsum and flyash. The quality requirement of the cement ground as per the latest versions of Indian standards.

PACKING HOUSE
The main function of packing house department is to pack cement into bags and load the same into wagons/trucks. Packing house department consist of totally seven silos in which the raw cement is stored.1&2 being used for storing 43 grade OPC. Silo no. 5 is used for PPC. Silo no. 3&4 are earmarked for 33 grade OPC. 6&7 is also used for PPC cement. There are two stationary packing machines and two trucks loading in his section.

CEMENT PRODUCTION AND DISPATCHES IN JULY 2012

Year Cement production Cement dispatches July 2012 July2011

1.86million tonnes 2.03 million tones 1.86 million tonnes 2.01 million tones

FINANCE DEPARTMENT
Finance is the life blood of the business, it is rightiy as the science of money. Finance is very essential for smooth running of the business. Finance controls the policies, activities and decision of every business. The department is responsible for organizing the financial and accounting affairs in the organization. Accounting involves the creation of financial record and financial transactions. The process of creating wealth in an organization and the financial position of the business at a particular moment in time accounting of all transaction voucher bills ect.

SOURCE OF FINANCE
Financial policy Capital structure Ratio analysis Leverages Depreciation Dividend policy Tax payments Budget Income statements

FUNCTIONS
Assisting bank reconciliation. Monthly and annual provident fund return. Maintaining sales and service register. Yearly finalization of account. Monthly and half-yearly ESI returns.

 Assisting in exercise duties, sales tax, and income tax assessment. Submission of monthly stock statement to banks. Board resolution. Monthly journal vouchers. Scrutinizing of ledger accounts. Providing details to auditors. Preparation of cheques and bank vouchers. Disbursement of cash. Preparation of receipts. Disbursement of salary and stipend. Salary statements. Maintaining daily cashbook and suspense registers. Commission payable statements. Updating books of accounts. Tour advance, checking tour bills and necessary accounts is done. Maintaining of transport expenses. Preparation of details regarding public shares. Calculation of dividends for shareholders. Preparation of monthly accounts regarding housing and educational loans. Maintaining of insurance of company and workers. Maintaining of all other allowances of employees. These are the major functions department of the company.

PROCUREMENT DIVISION
ACC has a countrywide spread of 14 modern cement plants. This large network of manufacturing units consumes a wide spectrum of inputs about 60,000 different items ranging from Coal, Gypsum, Slag, Packaging material (bags), Refractories, Steel, Grinding Media, Electrodes, Cables, Bearings, Conveyor Belts, Spares of various mechanical, electrical and instrumentation equipment, Mining Equipment and their spares and explosives. ACC has a vendor base of more than 6000 suppliers spread across the country. A team of professionals at Corporate, Regions and Plant Level manages the procurement function. The function is organized so as to derive maximum value for the company through economies of scale from central pooling and procurement of some inputs at the corporate level while meeting individual operational requirements at plant level. The Procurement function comprises a Central procurement team at the corporate office for the requirement of major inputs for the operations of cement plants. Quarter Apr-Jun 2012 Sales Volume Cement Sales Turnover Million Tonnes ` Crore 6.05 Quarter Apr-Jun 2011 5.93 Cum Jan -Jun 2012 12.77 Cum Jan -Jun 2011 12.09

2918.98

2539.41

5934.12

5080.69

Profit ` Crore before Tax Net Profit after Tax ` Crore

594.80

473.05

802.46

954.26

414.52

328.12

566.07

678.29

FINANCIAL RESULTS FOR (april-june)2012

During the second quarter ending June 30, 2012, the companys sales volumes continued to register improvement, as compared to last year. Total consolidated turnover in the quarter rose by 15 per cent to 2918.98 crore as compared to 2539.41 crore in the same quarter of 2011. The quarter witnessed steep escalations in most of our major input costs including slag, fly ash, gypsum and power. The sharp hike in railway freight rates with effect from March 6, 2012 substantially impacted both inward and outward costs. Profit before Tax during the quarter stood at ` 594.80 crore as against 473.05 crore in the corresponding period of the previous year. Profit after Tax was ` 414.52 crore, compared to ` 328.12 crore in the same period of last year. The Board of Directors at its meeting today has approved an interim dividend of 11/- per equity share of ` 10/- each. The cement market has been growing steadily and, barring seasonal fluctuations, The company expect it to maintain the same course in the near term.

Audit Committee
Mr Shailesh Haribhakti, Chairman Mr S M Palia Mr Naresh Chandra Mr Paul Hugentobler Mr Sushil Kumar Roongta INFORMATION SYSTEM DEPARTMENT This department is responsible for the computer system present in the company office to work in a seamless manner. They would be upgrading to versions6.0 in the foreseeable future. They use vsat technology for networking between various manufacturing units of acc present thought India The sap program has five modules

Fico/finance Material management Plant maintenance Distribution Human Resources. All the information entered into the ERP system is stored in the database located at the Mumbai, their head office. Acc was the first among the Indian companies to adopt automation of information technology. They started to progress through the harnessing of relevant available technologies a practice that continues even today. They have traveled a long way from their earlier days when they were using simple key punching machines. Significant improvements have been made in application systems and infrastructure since then from batch processing to on line system from IBM and data general system to the latest Linux Unix and Windows 2003 based machines they have made timely transition obtained by the available technologies and business requirements. In feb, 2007 the company made quantum improvement in house developed systems using oracle 9i1 and ERP(SAP) based solutions. this decision was based solely on their strategic objectives and the business benefits that they had expected to be derived from implementing such a solution with this more they also aligned people business processors and technologies across the country. The company has intranet portal called accelerate which is dedicated to employees. The portal content is based on personal information relating to human resource matter, performance management as well as other information of use to employees such as the latest news or company affairs developments on sustainable development, house magazines and newsletters. Bring a large organization with a country wide network of manufacturing, marketing and R&D centers they have invested in the organization. A hybrid WAN net work connects each of the 275 plus locations. A judicious ix of vcat and vpn links

ensure adequate connectivity between there. Each manufacturing location has designed LAN to meet it needs. ADVANTAGES OF THE SOFTWARE Flexibility to meet varied business requirements Uses best business practices across the globe Immediate across to information It supports all business process including material management, production, sales and distribution, finance and accounting, plant maintenance and human resource.

TRAINING EXPOSURE IN SPECIFIC DOMAIN

My learning outcomes are from the organizational study is: I got an opportunity to apply my class room learnings into the organizational environment I learned the concepts through practicality. I got some insights about functional process followed in my internship organization It gives me a confidence to interact with corporate people. I came to know about the real corporate culture. I got some inputs about the organizational behaviour and how ,I should behave in the my organization in the future

New Knowledge Acquired

One thing regarding new knowledge is what I have shared in accomplishments. Next one important thing regarding knowledge acquired is that what we studied is totally different from the job duties we are doing in future we have to do honestly. We have to understand that work from start, in case of an employee leaving a company and joining other he also will have to understand the work in new company. I have got a lot of sense regarding working in an organization where everyone is working out for cutting the roots.

CONCLUSION
This organizational training provided me a very extensive knowledge about functional process of the organization. And I was able to understand how the managerial functions are undertaken personally and technically as well, which will help me in future for my career in any organization. This institutional training has show the way to gain more practical knowledge. It helps to easily understand the theoretical concepts which I learned in class in practical way. From this organizational training, I enhanced my technical knowledge and managerial skills. And I learned many things about the human relationship and their attitude towards work. This will surely support to specialize my career in human resource management.