Real Project (1) .,............, Finanal

Hospet Ispat Pvt Ltd.
Chapter- 1
INDIAN ECONOMIC SCENARIO
In India it is known to at most everybody that the morbid recession is

not yet over .the government bodies of different nations all over the world
and even our government are taking many serious measures to accelerate the
economies of their concerned nations .But the subprime crisis impact was so
huge that we have been successful only up to sure level. India is a secular
domestic country .this means, it never gives priority to a specific cast &
creed and the government of India is elected by the people of India.
The growth of any country depends on its economic position the

Indian public and private sector are also developing ,and so, we can say
India is marching forward on its path of development .Although ,the Indian
economy has been facing various problems such as illiteracy ,unemployment
, political imbalance and poverty for many years ,it tried its level best in
developing the science and technology fields .But ,now, because of the
global financial crisis and unstable position of the current share market
,most of the Indian industries are endeavoring hard for their survival.
In the event of a major US recession, besides a larger hit to Indian

exports, there could be serious second-round effects, as firms scale back
apex and obs. The negative impact on the economy from the financial and
confidence channels would also be powerful
Seshadripuram Institute of Management Studies 1

Manufacturing still going strong: CII Survey: Out of a total of 100

sectors reporting production, 15 reported excellent growth rate of more than
20% and 30 sectors recorded high growth rate of 10-20%. 41 sectors
recorded a moderate growth rate of less than 10% and 14 sectors recorded
negative growth rate. The percentage remained the same for moderate
category while percentage of sectors in negative category showed a slight
decline for the first nine months of the current fiscal year. The percentage of
sectors in excellent category has declined while percentage of sectors in high
growth category has increased.
Recent Growth Trends in Indian Economy
India’s Economy has grown by more than 9% for three years running,
and has seen a decade of 7%+ growth. This has reduced poverty by 10%, but
with 60% of India’s 1.1 billion populations living off agriculture and with
droughts and floods increasing, poverty alleviation is still a major challenge.
The structural transformation that has been adopted by the national
government in recent times has reduced growth constraints and contributed
greatly to the overall growth and prosperity of the country. However there
are still major issues around federal v/s state bureaucracy, corruption and
tariffs that require addressing. India’s public debt is 58% of GDP according
to the CIA World Fact book, and this represents another challenge. During
this period of stable growth, the performance of the Indian service sector has
been particularly significant. The growth rate of the service sector was

11.18% in 2007 and now contributes 53% of GDP. The industrial sector
grew 10.63% in the same period and is now 29% of GDP. Agriculture is
17% of the Indian economy.
Growth in the manufacturing sector has also complemented the

country’s excellent growth momentum. The growth rate of the
manufacturing sector rose steadily from 8.98% in 2005, to 12% in 2006. The
storage and communication sector also registered a significant growth rate of
16.64% in the same year. Additional factors that have contributed to this
robust environment are sustained in investment and high savings rates. As
far as the percentage of gross capital formation in GDP is concerned, there
has been a significant rise from 22.8% in the fiscal year 2001, to 35.9% in
the fiscal year 2006. Further, the gross rate of savings as a proportion to
GDP registered solid growth from 23.5% to 34.8% for the same period.
The economy of India is the fourth largest in the world by GDP

measured on a Purchasing Power Parity (PPP) basis and the twelfth largest
in the world by market exchange rates. Despite robust economic growth,
India continues to face several major problems. The recent economic
development has widened the economic inequality across the country.
Despite sustained high economic growth rate, approximately 80% of its
population lives on less than $2 a day (PPP), more than double the same
poverty rate in China. Even though the arrival of Green Revolution brought
end to famines in India. 40% of children under the age of three are
underweight and a third of all men and women suffer from chronic energy
deficiency.

Chapter- 2
INDUSTRY ANALYSIS: STEEL INDUSTRIES
Steel Industry in India
India is the 7th largest steel producer in the world Steel comprise of
one of the most output of all section of economy. Steel industry is both basic
and a core industry. The economy of any nation depends upon a strong base
of iron and Steel.
Histories have shown that countries having a strong potentiality for

iron & steel products have played a pre-dominant role in advancement of
civilization in the world. Steel is such as versatile commodity that every
object we see in our day-to-day life uses steel either directly or indirectly.
Steel is used in producing small implements, boilers, ships, bridges,
automobiles parts to heavy instruments, current rises heavy structures,
buildings etc., Every where steel is versatile and an indispensable item. The
versatility of steel can be traced to three main reasons.
1. It is the only metallic item, which can be conveniently &

economically produced in required quantities.
2. It has got very good strength coupled with durability &
malleability into thin sheets.
3. Its properties can be changed over a very wide range.

Growth and Development of Steel industry in India
The development of steel industry in India should be viewed in

conjunction with the type & systems of government that had been ruling the
country. However production is signification quantity started only after
1900.
The growth of steel industry can be traced or conveniently studied by

dividing the periods into post & pre independence periods.
By 1950 the total installed capacity for ignorant steel production was
1.5 millions tones & during the independence period there was no significant
development in the steel sector mainly due to apathy of the government.
Only after independence bold steps were taken to develop this sector & the
capacity increased from 2.2 to about 16 million tones by 90’s.
Growth in Chronological Order
1830- Joshwa Marshall constructed the first manufacturing plant at

Protonova in Madras Presidency. But it was financially a failure.
1874- James Lerikkin founded the Bengal iron works. It was passed
over to M/s Martin Company in 1885.
1899- Jamshedji Tata installed the scheme for ISP, which was first in
the country.

1906- Sanchi in Bihar was chosen as the site for Tata iron & steel
company (TISCO). The same place is known as Jamshedpur.
1911- TISCO started production initially with-1000tones per year &

in 2 years the production reached to 5000tones per year & by 1939 it
reached to 15000 tones per year.
1918- Initially TISCO was founded & the Bengal iron & steel
company merged with it in 1926 & it was first registered to manufacture pig
iron for importing it to U.K. and Japan. It started its operation in 1936.
1904-1950- Formation of Mysore Steel Ltd., presently known as

Vishweshwaraiah iron & Steel Ltd., (VISL) at Bhadravathi in Karnataka.
Owing to the pioneering efforts of Sir.Vishweshwaraiah first it produced
charcoal, Pig iron later it started manufacturing Steel in 1939 & after 1945-
adopted electric reduction of iron ore. This industry also started many Ferro
alloys & special steel.
1951-56: In these years mainly agriculture was concentrated. No steel

plan came up. TISCO expanded from 1 metric ton to 2 metric ton per year.
In this era public sector companies were encouraged. Thus Hindustan Steel
Ltd., (HSL) was born on 19th January 1954 with the decision of setting up of
3 Steel plants each with a million-ton per year Majority Steel per year at
Rourkela, Bhillal & Durgapur.
1956-62: The three plants which were started at the end of 2nd five year plan
are:

Plant Location Collaboration Annual Production

RSP Orissa West Germany 7,20000t/yr
BSP M.P. USSR 7,70000t/yr
DSP West Bengal British firm 8,00000t/yr
1961-66: Alloy Steel plant added at Durgapur in 1964. Bokara Steel

plant came into existence by technical collaboration with USSR.
1969-74: Second stage at Bokaro Steel plant was started. License for
many mini steel plants & rolling mills were given permission. Government
has idea of setting up of 2 major steel plants in the south one at
Vishakapatnam & the other in
Karnataka. SAIL for unfair condition in steel industry formed on 24th

January 1975.
1974-79: Bokara with 1.7m/t capacity was started
1978: Expansion of Bhilai &Bokaro. The idea of setting up of major

ISP, took a definite shape.
1979-80: Soviet Union has agreed to help in setting up the
Vishakapatnam Steel plant.
1980-85: Work on Vizag plant started. TISCO was modernize And
there on the industry grew at a faster rate. Now the iron & steel industry are
in boom due to the large requirement overseas from China & other countries.

Chapter- 3
COMPANY ANALYSIS: HIPL COMPANY
ORIGIN OF THE ORGANIZATION
HOSPET ISPAT PVT LTD, Known as HIPL Occupies a leading

position as manufacturer of quality Sponge Iron, Setup in backward reason
of Karanatak in 2004. Now it is running as a small scale industry and a
private company but previously
MISSION
“To produce quality iron and steel product as per domestic and
international market and to achieve and practice in every field. Giving due
un eager to the development of Human resource available in the organization
and to set up an integrated steel plant with latest technologies. Contribute to
nation wealth and ultimately become one of the best ISP in India”
VISION
After commissioning the sponge iron plant, which reduced the
dependability on scrap, HIPL is now concentrating its efforts on reducing
the power costs, which is key element in steel making. Installation of power

plant will enable HIPL to get assured power supply from KPTCL save
operating cost by way of utilizing waste heat from Kiln. HIPL also aims at
expanding the capacity of Integrated Steel Plant to two million tons in
several phases.
OBJECTIVES OF THE COMPANY

• Enhance customer satisfaction
• Effective planning, provision and utilization of resources
• Continual improvement process
• Providing training and motivating employees at all levels
• Improving reliability of the suppliers
• Ensures safe working environment
PROMOTERS
The company that was originally started from Mr. Vinay
Biyani and Mr. Suresh Kumar Lakotia . In April 2007 the company was
occupied by the AARPEE group of mines. Shri R Shranabasaveshwar and
Shri R Prakash are the managing directors being the main Promoters of
Hospet Ispat PVT LTD
ABOUT THE FOUNDER OF HOSPET ISPAT PRIVATE LIMITED

Mr. Suresh Kumar Lakhotia, Chairman and managing Director

(CMD) of this company entered in the Iron and Steel background joining
Bihar Alloys Steels Limited and continued with them up to 1988. He got the
good experience in the said company and step by step but gradually known,
what is Iron & Steel? How this is manufactured? Since than, he has passed
through number of business activities i.e. Trading in Ferro Alloys, Claimed
Petroleum Coke, Fluorspar, Slag Conditioner and EBT Filling material etc.
and manufacturing of Calcined lime, Hydrated Lime, Ferro alloys unit with
in a short span.
Mr. Vinay Biyani, a Chartered Accountant by Profession, having

similar experience in this field since 1997 has extended his hands, then he
became a Managing Director (G.MD) of this company, also added his
thoughts with Mr. Lakhotia and started activities of the company. They have
put up a ‘Coal Based
Sponge Iron Plant’ with 200 TPD capacities at Allanagar (Ginigera) Dist:
Koppal in the state of Karnataka. The production of this plant was started in
the month of November 2004. Apart from this, company’s other activities
are in existence from two locations i.e., God owns/Processing facilities at
Pune in Maharashtra and Dhrangadhra in Gujarat.
The former directors of the company are Mr. Suresh Lakhotia, Mr,
Vinay Biyani, Mr. Champalal Biyani, Mrs. Meena Lakhotia and Ms. Smriti

Lakhotia, having long experience in the steel industry. They sold this HIPL
to present directors Mr. R.Sharanabasaveshwara and Mr. R.Prakash.
PROPOSED ACTIVITIES
Power Plant at Allanagar, Koppal
Index Ion Furnace and Steel Rolling mill
TOTAL MAN POWER
Male Employees 170

Female 4
Total Manpower 174
SOURCE OF FINANCE
State Bank of India, Railway Station Road, Hospet

AREA OF THE COMPANY
At present 107 acres of land is used
FACTORY ADDRESS
Sy.No.2, Allanagar
Bagnal Road,
District & Taluk Koppal
State: Karnataka (India)
Site: www.hilhospet@sancharnet.com
“C” ENVIRONMENTAL POLICIES

• Cost effective operations

• Control of pollution with in permissible parameters
• Communication to interested parties
• Compliance with legal requirements
• Conservation of energy & other resources
• Conducting training to all employees
MANAGEMENT TEAM OF H.I.P.L
• M.D – Mr. R.Sharanabasaveshwara & Mr. R.Prakash (R.P. Mining’s

Bellary Road, Hospet)
• D.G.M – Panduranga R.Reddy
• Mechanical H.O.D – Mr. Siddalingappa
• Electrical H.O.D – Dhananjya
• Lab in charge – R.V.S.N Murthy
• Account Manager – K.panduranga reddy
• H.R.D – Shri. Raghunandan
• Security Department – D.J. Jayasheelan
• Stores department- T. Vishwambaran

SPONGE IRON PRODUCT PROFILE:

Steel ingots, billets steel structures, re-rolled products, sponge iron
where the foundries use it in steel producing companies and automobile
industries. For these companies sponge iron is necessary so it is clear that
automobile industry depends on steel industry and steel industries in turn
depends on sponge iron producing companies.
By products which producing sponge iron
Slag : Used by cement industry
Char: Used by brick industry. The raw materials required for energy one-
ton production of sponge iron.
Iron ore : 1500 kg
Lime stone : 110kg
Coal : 1200 kg

The efficiency of sponge iron is more the impurities are not much in
the solid form of state.
AREA OF OPERATION:
HIPL is operating only in Regional area.
OWNERSHIP PATTERN:
The former directors of the company are Mr. Suresh Lakhotia, Mr,
Vinay Biyani, Mr. Champalal Biyani, Mrs. Meena Lakhotia and Ms. Smriti
Lakhotia, and they sold this company to Mr. R.Sharanabasappa and Mr.
R.Prakash.
Mr R.Sharanabasappa and R Prakash are the present owners of the
HIPL Company. Mr.R.Prakash is working as a whole time Director.
COMPETITORS INFORMATION:
The following are the competitors of this company. They are as
follows:
• Hare Krishna Company
• Dhruvadesh company
• HKT Company
INFRASTRUCTURE FACILITIES:

The location of the company is good for normal business activities.

Especially it is 2 km away from NH 63 and 12 km from Koppal and 20
km from Hospet.
• Good work environment
• Purified Drinking water
• Canteen facilities
• Two lakes for water reserver
• Bus facilities to employees
ACHIEVEMENTS /AWARDS:
• It has got ISO 9000 Certificate for its best Quality product.
• It has continuous demand for its products even though there is a
more competition because of good quality. It has already booked 3
years demand. So it is a great achievement of this company
FUTURE GROWTH & PROSPECTUS:

The company wants to extend its capacity because of increasing
demand by establishing one more kiln and opening of another plant

Table 3.1 DIFFERENT DEPARTMENTS OF HIPL:

SL.NO DEPARTMENTS NO.OF
EMPLOYEES
1. HRD 3 Members
2 Accounts 8 Members
3 Dispatch 3 Members
4 Mechanical 37 Members
5 Stores 11 Members
6 Civil 7 Members
7 Electrical 19 Members
8 Lab 11 Members
9 Pay Load 9 Members
10 Product House 3 Members
11 Security 28 Members
12 Weigh Bridge 4 Members

Managing
Directore
Fig 3.2 ORGANIZATION CHART

Plant In charge
General
Manager
(works)
Manager
Manager Manager
(Maintenanc Manager Manager Manager Accounts Manager Manager Manager
(Electrical) (Production) (QA/Cal) Marketing Purchase
Shift in Shift in Shift in Shift in Assistant Assistant Assistant

Accountant Assistant
charge charge charge charge
Assistant
Fitter Electrician Assistant Chemist
Helper
Helper
Chapter.4
4.1 FUNCTIONAL ANALYSIS: PRODUCTION

DEPARTMENT
HIPL is the leading company in the production of sponge iron and

billets in the south region. HIPL’S production unit is very big it acquired
150 acres of land. Here the production nit produces sponge iron billets and
other byproducts like char and slag.
Production Department Units

1. Steel Melting Shop (SMS)
2. Sponge Iron Plant (SIP)
3. Rolling Mills Division (RMD)
4. Integrated Steel Plant (ISP)
Right now HIPL only one production is working i.e, Sponge Iron
Plant.

Sponge Iron Plant

HIPL produces every day 200 ton of sponge iron by using two kilns.
Using raw materials like ore, coal and limestone produces sponge iron. Raw
materials are brought from the places like
Iron ore - Hospet and Sandur (Karnataka)
Coal - South African
Lime Stone - lokapur
There are 150-200 employees are working in sponge iron plant. By

sponge iron plant HIPL produces electricity by using the waste gases come
out from the kiln (Sponge Iron Unit) nearly about 2.5 mwt per day power is
generated by two kilns.
STEPS IN THE PRODUCTION OF SPONGE IRON:

The entire process of production of sponge iron can be studied under
following headings.
 Filling of raw materials & pre-heating.
 Direct reduction.
 Cooling of product.
 After burning.
 Dust extraction.
 Magnetic separation & storage.
 Inspection & testing (QC).

1. Filling of Raw materials and pre heating:

By means of a belt conveyors in appropriate quality & proportions,
the required feel rates are given below for every one ton production of
sponge iron
Iron ore- 1700kg
Lime stone- 100kg
Coal – 1250kg
Raw materials are discharged into an inlet chute from where they
make an entry into kilns. Raw materials enter the pre heating zone of the kiln
(up to about 16 mt approx) here it is heated by the hot gases per rings is
passage through pre heating zone, the materials are heated up to the
reduction temperature (1000c) and the moisture content is expelled out. The
lime as we know it is a desulpharising agent.
2. Direct reduction:
The heated charge is know reduced to sponge iron shell air fans
provided right amount of air so that only CO is formed by combustion of
coal. Some chemical reaction takes place solid state and just below the
temperature melting of iron (1200c). To avoid slight cooling, injection coal
is injected from other end of kiln. This maintains the required temperature in
the zone and avoids backward reaction taking place.
3. Cooling product:

The outlet temperature of kiln is about 980c-1040c after all the

reaction terminated the products are transferred to a kiln. Here the products
are indirectly cooled by spraying water around the cooler surface.
4. After burning:
At the exhaust of kilns an after burning chamber (ABC) is provided to
accomplish the following tasks.
1. Any unburnt hydrocarbon is burnt.
2. Dust in burned gases is removed by water spray.
3. To discharge hot kiln gases to the atmosphere.
4. To temperature increases to 1000c.
5. Dust extraction:-
The cooled product, which is about 1000c, is carried in a heat resistant
belt conveyor. The product now contains sponge iron, dolochar & dust. The
dust is removed by passing the mixture through dust extraction system
where dust is removed by precipitator.
6. Magnetic separation and storage:-

The dust free mixture is carried to triple deck screen house, where it is
separated into particles of sizes of 3mm, 10mm and 20mm. Each one of
these products then passes through magnetic separators. The magnetic
separator separates the magnetic sponge iron from the non-magnetic
dolochar. All these are stored in separate bunkers.

7. Inspection and testing (QC):

Both raw materials and products are analyzed in the SID laboratory. Sponge
iron samples tested are taken out at regular intervals (about 2 hours) these
samples are powdered and checked for amount of Fe in the samples in a
polarization machine. This machine works on the principles of ‘’saturated
magnetization’’.
Storage Storage (medium
(iron ore) Storage (Coal) lumps) coal) Storage
(slinger coal)
The magnetic field of the instrument is first matched with earth
magnetic field. When the machine is loaded with sample, the field is
distributed due to the iron content. Again the amount of iron in this sample
KIL
is directly read out at the indicator
N (usually it lies between 70%-80%).
COOLER
DISHCHA
RGE
Fig 4.1 WORK FLOW MODEL:
Surge bin
Screening of fixed and product

(Sponge iron)
S.I lump+ char

S.I fines + dolochar
Magnetic separator lumps Magnetic separator fines
Seshadripuram Institute of Management Studies

Char bin S.I. finer bin22
S.I.lump S.I.lump
bin -1 bin-2
To screen
From cooler discharge / surge bin
4.2 FUCTIONAL ANALYSIS: MARKETING

DEPARTMENT
INTRODUCTION
Marketing is indeed an ancient art. It emerges as a management

discipline, however is of relatively shown period has gained so much
impartment thinkers and practitioners through out the world view it as the
most importance of the Management function is Business
MARKET
Marketing is a place where the goods and & services are exchanges
the term marketing means to the aggregate of all demands for all particular

product or services. It also refers to the aggregate of all consumers existing

and potential foe the products.
MARKETING CHANNEL
The major demand for sponge iron is from induction furnace unit is
hundreds of induction furnace unit spread all over country which make
variety of steel. The present study reveals that there are five major
Marketing center in the country.
• Hyderabad
• Coimbatore
• Bangalore
• Cochin
• Mumbai
Fig 4.2ORGANIZATION STRUCTURE OF MARKETING

DEPARTMENT

Deputy
Manager
Hyderabad Chennai Cochin Mumbai Bellary
Marketing Marketing Marketing Marketing Marketing

Executive Executive Executive Executive Executive
SALES
Any one company should have correct and clean sales plan and the
same plan must be followed each and every time. Otherwise, the finished
output remain blocked and the working capital cannot be obtained to
perform the day-to-day activities to the firm
The HILP gets the enquiring from the internal customer the enquiries
may be in the form of telephone, tax, letter and e-mail ect. Regarding the
availability of the material, price, duty structure, sales tax applicable,
payment terms, ect.. of the customers are satisfied with the terms and
conditions of HIPL the order will be placed which included quantity of the
product, mode transport, terms of payment etc. placing of the order through
fax HIPL reaching the purchase order the corresponding section of the sales
department order and if the same is satisfactory
HIPL sends the sales order according to the purchase order. Sales order is an
arrangement between manufacture and the customers which confirms the

purchase order. Two copies of sales order will be sent to the concerned
customer and the anther copy is duty singed and sent to the marketing
department of HIPL.
This copy is maintained both by the customer side and by manufacturer side
to avoid further disputers purchases and sales of materials.
After receiving the sales order form, the customer planning dispatch
will take place. HIPL makes the daily dispatch plan.
The daily dispatch plan will be handed over to the dispatch in charge who
calls the transportation of the material the dispatches in charges will strictly
follow the daily dispatch plan.
TRANSPORTATION
It is the first among the major function of physical distribution, it adds

time utility and places utilities to the product.
There are six types of transportation the manufacture must also know the
relative cost of made
• Railway transport
• Road transport
• Water transport
• Coasted shipping transport
• Air carrying transport
• Pipeline transport

The transportation mode of HIPL is roadways. HIPL cheapness the

road ways because of following reasons.
• More accurate
• It eliminates the terminal cost
• Time take is less
• Cost is also low
• Road ways is very convenient of manufacturers as all as buyers
• Road way help to inventory cost retrained and business turnover

become faster
HIPL use trucks as main vehicles for transportation. The

transportation is on two Ways basis and free in rail basis.
WARE HOUSING
Every company has to store finished goods until they are sold because
production and consumption cycle rarely matches. As a matter of fact ware
housing management has two distinct and equally important are,
• The physical job of creating and scanning the network of
storage points.
• The managerial face of controlling the inventory level.
HIPL produces semi ready made material or we can call as raw-

material for steel makers. So there is no need of market their self, just they
are receiving order from other companies and manufacturing as per as their
requirement.

There is much demand for Sponge Iron in today’s market but they are
receiving order as per their capacity (100 t/p).
Mainly they are marketing their products to:-
• Pune – Kalyani Carpeting

• Ahmadabad
• And for companies such as Kalyani Steel Industries etc.,
These are the permanent customers of the HIPL
STOCK HOUSE
The stock house of HIPL is made up as their average of turn over.
They can store 850 tons in 1 Bunker. It includes : -
2 Bunkers of Iron Ore
3 Bunkers of Coal
3 Bunkers of Coal fines.
Totally 8 Bunkers are existing in HIPL.

SWOT Analysis
Strengths
1. It us an ISO 9001 certified company

2. Low cost of production enjoying economies of scale
3. Efficient technologies for large number of Generics.
4. The company has maintained a good relationship with its supplier’s
distributors.
Weaknesses
1. Power intensive, dependant on power and any miscarriage have

results is under-utilization of capacity.
2. Lack of experience in International Trade.
3. Explore attrition rate management is high in the company.
Opportunities
1. Rising incomes resulting in getting better medical facilities.

2. Increased awareness for health care.
3. New diagnoses and new social diseases.
4. Saturation point of market is far away.

5. Globalization resulting in newer markets and easier international

trading.
Threats
1. Containment of rising health-care cost

2. High cost for entry in new markets.
3. Rising cost of sales and marketing.
4. Competition, particularly from generic products.

4.3 FUNCTIONAL ANALYSIS: HUMAN RESOURCES

DEPARTMENT
HUMAN RESOURCES POLICIES:
The following are the some of the HR polices. They are as follows:
1. Recruitment & Selection
2. Training & Development
3. Job analysis
4. Salary Administration
5. Performance Appraisal
6. Grievance
RECRUITMENT POLICIES:
1. Provide formal statement of corporate thinking
2. Establish consistency in application of policy over a period
3. Offer guidelines to managers for thinking action.
4. Improve communication and secure co-operation from employees.
5. Provide criteria (measuring yards) for performance evaluation of
persons involved in recruitment.
6. Build employees enthusiasm and loyalty and increase their confidence.
MAN POWER:

Man power is major aspect of any business or organizational activity

without man no production, and no business. So at all work, all activities of
business are based on man power of the organization. Success of every
organization is depending on man power of that organization.
Man power or human resource of HIPL is very good. They have 174
workers. 170 are Male-employees and remaining 4 are Female-employees.
They divide workers according to their skill, knowledge, qualification and
work. There are totally 3 types of workers.
• Technical.
• Non-Technical
• Labor Group.
Technical: The Technical workers are the base of production. They must
qualify as any technical course like B.E., B.Sc, and I.T.I. etc.
The workers or employees of technical are:-
• Engineers
• Section or Shift In charge
• Lab Attainder etc.
Non-Technical : Non-Technical employees are those whoever comes or
works all related jobs of marketing, store, dispatch accounts, security,
management etc.,
The majority of workers in HIPL is Non-Technical workers are doing

their work in production but Non-Technical workers are handling all related
work of organization. Non-Technical workers are:-

• Management
• Security
• Accounts
• Stores
• Marketing etc
Requirement of employees is depending on their work.

Labor Group: These are the employees of HIPL who works under or who
works as assistant of employees. They are just for normal or minor works as
cleaning, helping etc.
EMPLOYEES STRENTH
There are 174 employees in the factory, who work in the
administration section. The working hours for an employee are 8 hours.
The HIPL Company holds 4 shifts per day.
Sl.No Shift In Time Out Time Total Hours

1. A 06:00 AM 02:00 PM 8
2. B 02:00 PM 10:00 PM 8
3. C 10:00 PM 06:00 AM 8
4. G 08:30 AM 05:30 PM 8
Table 4.31 Shift wise Time Table

Wages are given on time basis. The wages are given before 10th of the
month. The wages are paid directly to the employees through cheque and
through direct cash to the employees.
OTHER FACILITIES FOR THE WORKERS OF THE COMPANY:

1. Canteen Facility
2. Safety Shoe Facility
3. Incentives
4. Loan Facility
5. Bonus.
SELECTION POLICIES:
1. Selection Criteria
2. Selection Process
3. Decision-Making
4. Communication.

Table 4.3.1 HR PLANS PROGRAM AND ACTIVITIES:
Sl. Derivative Plans Programs Activities

No
1. Acquisition Plan HR. Planning, HR Inventory, HR Forecast, Job Analysis etc.,
Recruitment
2. Absorption Plan Selection, Induction, Marker survey on job, Advertisement,
Placement, Workers Consultant, Employment Exchanges, Selection
Security of Plant and Training Process, Selection TextsContract
Induction Training
personnel labor
Legal matters rating Socializing. administration.
3. toDevelopment
labor electricity, Management Off Job Training, Administration of
land, pollution stationary and
Plan
control Development Career Evaluation, Career Stages other welfare
Land acquisition
other related
Development facilities.
Discipline.
materials.
4. Utilization
Public relations. Plan Promotion, Analysis / Dimensions Social welfare.
Resources leveling
Transfer Wages& Evaluation Job Evaluation
Salaries
Administration
Acknowledgeme Payment of Traveling Expenses.
Filling up of House Requirement Form.(MGRS
nt to Applicant & Above)
A
5. Maintenance Plan Discipline Rewards Redress of Grievances (ROG) Merit Rating
A
& Benefit Program Annual confidential
A
6. Man Retention
Power Plan Incentive
Receipt of ,Schemes Calling
Reports forWork study Time standard Feedback
Intervie A
Planning Performance
Application Interviews ws A
Appraisals A
7. Motivation Plans Rewards Morale & Leadership/supervision on Duty Intervention A
References, Feeding into Data A
Consultants, Ads, Motivation
Bank stepsFixation
Safetyof dateweek
in Safety Training
1. Verification of Subsidized
Open Application safety consultation with Original Certificate
program canteen/ Transport, Employee lone
n concerned Dept 2. Brief introduction
Welfare program head & intimating about Organization &
the same again to Nature of work/job.
8. Empowerment Participation SocialtimeWorks
one in committees,3. Oral
WPM, Housing Co-
by Committee.
security schemeadvance
operative MBO Hospital
in writing. facilities,
4. Oral by Chief Insurance
Attitude Executive.
survey cover Retirement Benefits Work-redesign
Intrinsic Motivation work reschedule
steps
Selection
Fig Letter of intent
4.3.1 RECRUITMENT AND SELECTION PROCESS
A Panel Intimation
Employee
Rejection Regret Letter Joining B
After Not
ascertaining Responding
exact joining
date

Housing/TERM
accommodation. Intimation to next
Visiting Cards. person in panel
Office Accommodation.
SWOT ANALYSIS
Strengths
1. It us an ISO 9001 certified company
2. Efficient technologies for large number of Generics.

3. The company has maintained a good relationship with employee
Weaknesses
1. Lack of experience to exploit efficiently the new patent regime.
2. Power intensive, dependant on power and any miscarriage have results is

under-utilization of capacity.
3. Explore attrition rate management is high in the company.
Opportunities
1. Rising incomes resulting in getting better medical facilities.
2. Increased awareness for health care.
3. New diagnoses and new social diseases.
4. Saturation point of market is far away.
5. New therapy approaches.
6. Globalization resulting in newer markets and easier international trading.
Threats
1. Containment of rising health-care cost.
2. Increasing cost of discovering new products and fewer discoveries
4.4 FUCTIONAL ANALYSIS: FINANCE DEPARTMENT
The finance function deals with the procurement of money at the

time when it is needed and its effective utilization in the enterprise. Money
is the lifeblood of any enterprise, as it is required to purchase machines

and materials to pay wages and salaries to employees and to allow credit
facilities to customers.
An important requirement for the success of any business

organization is the provision of sufficient amount of funds or capital. It
cannot work unless it has got sufficient amount at its disposal to purchase
machine and materials, build premises, and meet day-to day expenses and
for several other purpose.
The event of capital - Intensive Techniques has increased the

importance of finance. The ambition plans of an industrial undertaking
will remain mere dreams unless adequate finance is available to convert
them into reality. Therefore it has become an important function of
management to provide for adequate finance for the functioning of the
enterprise.
For companies, which carry on production and distribution on a

large-scale provision of adequate finance, is a very challenging task. It
affects all the business decisions where money is involved, since the large
commercial and industrial undertakings are set up in the form of
companies, the problems of finance for modern business is for all practical
purposes of the problem of corporate finance. All the important financial
decisions are taken by the board of directors of company.
OBJECTIVE OF FINANCE DEPARTMENT
Since financing is one of the functional areas of any business

enterprise, the objective of financial management must be done with the

overall objectives of the enterprise. The objectives of the finance
department should be so devised that they contribute directly towards the
achievement of the overall organizational objectives.
• Ensuring regular and efficient supply of capital to the business.

• Ensuring a fair rate of return on capital to the supplier.
• Ensuring better utilization of capital by following the principles
of Liquidity, profitability and safety.
• Coordinating the activities of the finance department with those
of the other department of the enterprise.
MANAGER ACCOUNTS
Finance and A/c managers concerned with measurement of
income/expenditure for specific periods of time such as month and year
(income/expenditure statement) financial reports at the end of the period.
MANAGER COSTING
It is concerned with determining relevant cost and performing other
analysis like preparation of budgets and performance analysis based on
budgets.
MANAGER FINANCE
He is responsible for overall financial planning and for raising capital he

has the following functions to perform major activities are financial,

forecasting, fund management, auditing and capital budgeting
Fig 4.4.1ORGANIZATION STRUCTURE OF FINANCE
FINANCEMANAGER
ASSISTANT ACCOUNT MANAGER
SENIOR ACCOUNT MANAGER
Software’s used to maintain accounts or records

Tally: To mention accounting records.
Auto Cad: To make sketches, drawings etc.
Matt Rick System: To make attendance of employee by pressing his

thumb on machine.
Normal windows software like M.S.-Word, M.S.-Power Point etc for

required official uses.

Practice/ Procedures
• Companies contribute to PF and super annual fund as per the rules
of P.F. Act not excluding 12% of the basic salary. Gratuity will be
limited to half a month’s salary for each completed year of
service.
• The company has already implemented the code of corporate
governance as required by the listing agreement introduced by
Securities Exchange Board of India (SEBI).
• Perquisites shall be evaluated as per IT rule wherever applicable
and in absence of any such rule perquisites shall be evaluated at
actual cost.
• The company has given interest free loan and advance in the
nature of loans of employee’s recovery are made according to the
stipulated time.
• The Stock of Finished goods, Raw materials, Stores & Spares are
physically verifies every quarterly.
Profit and Loss Account for the year ending 31st March 2009

Particulars 31.03.2008 31.03.2009

I. Sources of funds:
1.Shares funds:
a. Share capital 92000.00 92000.00
b. Reserve and surplus 69816.47 60493.28
161816.47 152493.28
2.Loan funds
a.Secured loans 150029.85 82713.14
b.Unsecured loans 23353.56 4433.78
173383.41 87146.92
3.Deferred tax liabilities 5093.30 4353.05
340293.18 243993.25
II. Application of funds:

4.Fixed Assets
a. Gross block 242072.24 217687.35
b. Tax Depreciation written off 54200.58 26748.18
c. Net block 18787.66 190939.17
d. Capital work in progress 9618.81 24245.19
Net fixed assets 324679.29 459619.89

5.Investments 000.00 000.00
6.Current assets, loans, and advances:

a. Current assets 55274.92 97484.35
Inventories 69369.75 36632.98
Sundry Debtors 15548.85 18469.96
Cash and Bank balance 3676.61 3276.65
Other current assets 31359.39175 21424.41
b. Loans and advances 229.53 177288.25
c. Less: Current liabilities and 32866.47 52010.20

provisions
317592.58 302566.4
Net current assets
439.65 ------
7.Misc.expenditure
To the extent not written of or adjust 340954.00 196352.11

BALANCE SHEET AS ON 31-MAR-2008-09
PARTICULARS 31-3-2009 31-3-2008
I. INCOME
Gross turnover 557956.84 478249.91
Less: excise duty 80840.68 1546.15
Net Turnover 477116.16 476703.76
Other Income 1709.07 1301.29
(A) 478825.23 478005.05

II. Expenditure:
Cost of Raw materials consumed 310489.85 82680.34
Salaries ,wages and other employee benefits 6418.00 14519.37
Manufacturing and Administrative exp 44125.07 2392.67
Selling exp 38658.22 22798.35
distribution exp 27223.78 17519.46
Interest and other financial charges 27726.47 21431.73
(B) 454641.39 161341.92
III. Profit : before Exceptional items and taxation 24183.84 316663.13

Exceptional Items 000.00 000.00
(A-B) 24183.84 316663.13

IV. Profit After Exceptional Items but before taxation
Provision for corporate tax 000.00 30.23
- In respect of earlier year 3862.69 4383.28
- In respect of current year 740.25 1254.63
Deferred tax 257.71 243.01
provision for fringe benefit tax 4860.65 5911.15
V. Profit After taxation 19323.19 310751.98

+ Balance brought forward 000.00 000.00
19323.19 310751.98
VI. Appropriation:
Transfer to General Reserve 19323.19 310751.98
Balance carried to Balance Sheet 000.00 000.00
VII. Notes on Accounts and significant Account

policies 10.15 12.40

RATIO ANALYSIS
SL.NO PARTICULARS 2008 2009
1 Net profit Ratio: 5.04% 1 .95%

Net profit x100
Sales
2 Net Asset tern over Ratio 0.63 : 1 1.40 : 1

Net sales x100
Total Assets
3 Fixed Assets tern over Ratio: 0.98:1 2.42:1
Net sales x100

Fixed Assets
4 Current Assets turnover Ratio: 1.71:1 3.35:1
Sales x100
Current Assets
5 Current Ratio: 3.41:1 5.33:1

Current Assets x100
Current Liabilities
6 Liquidity Ratio: 2.70:1 3.22:1

Liquid Assets x100
Current Liabilities
7 Net Profit Ratio: 7.82% 2.97%

Net operating Profit x100
Net sales
8 Earning Per Share 12.40 10.15

Mckinsey’s 7S FRAME WORK:
The
famous U.S
consultant
Mc
Kinsey’s
and the
company
developed
holistic
approach
towards the
end of 1970
for diagnosing the cause of the organizational problems and formulate the
project for the improvement of the physical and fiscal health of the
company. The 7-S model is a tool for managerial analysis and action that
provides a structure with which the whole of the organization can be
considered so that the organizational problems can be diagnosed and a
strategy may be developed and implemented. The 7-S model is a framework
for analyzing the organization and their effectiveness as a whole.

The 7-S diagram illustrates the multiply, interconnectedness of the

elements that design an organizations ability to change. The theory helps to
change the managerial thinking about how the companies can be improved.
Framework of Mckinsey’s 7 – S model:

1. Shared value: The interconnecting centre of Mckinsey’s model is
shared values. What does the organization stands for and what it
believes in central beliefs and attitudes.
2. Strategy: Plans for the allocation of firm’s scarce resources, over
time, to reach identified goals, Environment, competition, customers.
3. Structure: The way the organization’s units relate to each other.
Centralized, functional division (top down); decentralized; matrix,
network, holding, etc,
4. System: The procedures and processes that characterize how
important work is to be done.
5. Staff: Numbers and types of personnel within the organization
Promoters of the company and the qualities of the key staff.
6. Style: Cultural style of the organization and how key managers
behave to achieving the organization’s goals.
7. Skill: Distinctive capabilities of personnel or of the organizations
as a whole.

1. STRUCTURE:
Organizational structure refers to the basic hierarchical procedure in
which the organization carries out their business and accompanying baggage
that shows whose tasks are divided and integrated.
Pascale and Athos in their book “The Art of Japanese Management” says
that “Organization structure emphasizes that the quality of management
depends on the goodness of which amongst all those key managerial
dimensions”.
2. SKILL: The Company has at the bottom level skilled as well as

semiskilled workers. The management takes care to improve skills and
knowledge of their employees by using different techniques like: Job
rotation, on the job training, training by superior, and demonstration.
And the employees above the lower level of the organization are given
on-the-job training by the concerned department supervisor or the immediate
superior of the trainee/ employee. This will enhance the knowledge of the
trainee as he will learn while the job and know his mistakes which he
commits, which will be corrected by his superior.
The company treating their employee as an asset because of their
efforts and managements efforts the company is producing high quality of
Sponge iron which has a more demand in the market. Because of this reason
the company the company is capable of supplying the sponge iron to its
customers on right time.

3. STYLE: Style refers to the leadership style of the management. It tells

how communication takes place between management and its employees.
The style of management at HIPL is closely associated with team spirit,
interpersonal relationships with employees.
The employees participate through meetings, committees etc. The

management of HIPL is employee oriented. They receive feedback from the
workers and decide the changes in the strategies.
The organization follows the participative style of leadership. This can be
said so, because each and every employee of the organization is allowed to
give there point of views which are concerned to production marketing and
other areas.

BD
MANAGING
O
DIRECTOR
D
PLANT MANAGER &

GENERAL MANAGER DEPT
MANAGERS
ASSISTANTS
Workmen/ Laborers
Permanent (Experienced/Skilled)
Casuals (Skilled/Unskilled)
4. STRATEGY: According to McKinsy’s 7 S Model, strategy can be

defined as “A coherent set of actions aimed at gaining a sustainable
advantage over competition, improving position vis-à-vis customers, and
allocating resources”.
The strategies adopted by the HIPL are very clear these are given
below.
• HIPL adopted a strategy to produce good quality of sponge iron

• It follows pricing strategies which gives more profitability to the

company because of good quality and timely delivery of its
product.
• HIPL adopts certain strategies to develop human resources through

human resource planning and development programming with a
view to further improve the skills and performance of their
employees.
• Safety and welfare strategies are adopted by the organization to

strengthen the environment, health, and safety measures.
Waste Elimination strategy adopted by HIPL:

With a change in social values, industries are increasingly targeting its
contribution to society with a long term vision, and are performing and to
satisfy the demands for increased profits with reduced level of wastage and
high productivity.
HIPL minimizes its wastage in the following ways
• Reduction of wastage of stock in hand
• Reduction of defective production by taking proper measures
• Reduction of waste by carefully transporting the products
During the production of sponge iron it generates two types of wastage.

Namely
1. Iron ore fines
2. coke brae The company makes takes its maximum benefit by selling it
at the rate of Rs 700 per ton

5. SYSTEM: System refers to all the rules, regulations and procedures both
formal and informal that complement the organization structure. It includes
Quality control and assurance system, performance evaluation system, and
production planning and control system.
a. Quality Control & Assurance System:
The quality control & assurance system will be headed by an AGM

and assisted by a manager & there deputy manager. The activities involved
here in this system are as follows:
This section is responsible to enable the following:
• All input raw materials should be as per the required standards.
• Following the technological parameters in all the processes to

ensure product quality.
• Testing and inspection of finished products and attending to

quality complaint of the customers.
b. Performance Evaluation system:

HIPL has the performance evaluation system this system evaluates the
performance of every employee's work. It will provide rewards according to
his performance. In HIPL every HOD’s given a confidential report in that he
records the performance of particular employee and he will submit it to the
superiors superiors evaluate it continuously
c. Production planning and control system:

Every year HIPL prepares a production plan in advance and according

to that it produces the products. The productions are planned according to
the capacity of each department and forecasted sales.
6. STAFF:
Total Man Power
Male Employees 170

Female 4
Total Manpower 174
Man power is major aspect of any business or organizational activity
without man no production, and no business. So at all work, all activities of
business are based on man power of the organization. Success of every
organization is depending on man power of that organization.
Man power or human resource of HIPL is very good. They have 174
workers. 170 are Male-employees and remaining 4 are Female-employees.
They divide workers according to their skill, knowledge, qualification and
work. There are totally 3 types of workers.
• Technical.
• Non-Technical
• Labor Group.
Technical: The Technical workers are the base of production. They must
qualify as any technical course like B.E., B.Sc, and I.T.I. etc.
The workers or employees of technical are:
• Engineers
• Section or Shift In charge
• Lab Attainder etc.,

Non-Technical: Non-Technical employees are those whoever comes or

works all related jobs of marketing, store, dispatch accounts, security,
management etc., The majority of workers in HIPL is Non-Technical
workers are doing their work in production but Non-Technical workers are
handling all related work of organization.
Non-Technical workers are

• Management
• Security
• Accounts
• Stores
• Marketing etc
Requirement of employees is depending on their work.
Labor Group: These are the employees of HIPL who works under or who
works as assistant of employees. They are just for normal or minor works as
cleaning, helping etc.
6. Shared value: As per the model, “Shared Values” implies “The

values that go beyond, but might well include, simple goal statements in
determining corporate destiny. To fit the concept, these values must be
shared by most people in the organization.

The HIPL has implemented its shared values in following regards
• The HIPL have a ready market for its product due to high
quality.
• It has been able to build the lasting relationships based on trust

and mutual benefit.
• It has been able to provide job opportunities to the village

people who are staying near the organization.
To achieve the mission and vision HIPL derived following values

• Customer orientation
• Vendor development
• Development of Human Resource
• Process and product excellence
• Responsible corporate neighbor

Chapter 5
SWOT ANALYSIS
A scan of the internal and external environment is an important part

of the strategic planning process. Environmental factors internal to the firm
usually can be classified in as strengths (S) or (W), and those external to the
firm can be classified in as opportunities (O) or threats (T). Such an analysis
of the strategic environment is referred to as SWOT analysis.
The SWOT analysis provides information that is helpful in matching the

firms resources and capabilities to the competitive environment in which it
operates. As such, it is instrumental in strategy formulation and selection
SS==Strengths
Strengths
TT==Threats
Threats SWOT
SWOT W=
W=Weaknesses
Weaknesses
OO==Opportunities
Opportunities

Strengths
• HIPL is ideally located near the major power generating station
both hydra and thermal like, Munirabad. This serves as
advantageous for HIPL.
• HIPL has its own IRON ORE mines so they are not dependent
on any other supplier
• They are market leaders because of their high grade sponge iron
Weaknesses
• Less source of funds for diversification capacity at four
divisions of the plant are not fully utilized
• Cost of using electric is furnace cannot be reduced and due to

high consumption of power hipl’s pricing strategy is not very
effective to that of its competitors.
• Due to heavy dust imitation HIPL facing the problem from

public
Opportunities
• Efforts are putting for reducing the power cost, which is key
element in the process of steel manufacture
• Steel industries such as Jindal, Kalyani, and Mukund have
come up in Bellary region from which demand for steel will

increase.
• Karnataka Govt. is implementing various dam constructions
along Krishna and Cauvery time and subsequent lengthy canal work
for irrigation purpose.
• Coal based directly reduced sponge iron is in full demand
among all
Threats
• Not able to get the grants from various financial institutions.
• Day by day the employees are hopping their job

• The company is facing a lot of competition from their
competitors

Chapter 6
SUMMARY OF ANALYSIS
6.1 FINDINGS
• The employees have been assigned with a appropriate function
because of the that a verity of the job different nature are various
department
• In this company the transport and canteen facilities are available
• The company strongly believes in green and clean environment police
• Company has a good reputation in the marketing by manufacturing

and distributing quality materials to customers
• There are two ways of salary distribution i.e. through bank and cash at
site
• The fringe benefits are provided only to permanent employees and not
for contract employees
• The management is managing the workers effectively there are

satisfactory industrial relationship between the employee and workers
SUGGESTIONS
From the analysis of the data the following suggestions are made
• Employees should encouraged by the organization
• They should provide free education facility to the children of

their workers
• The company also should extend the capacity in order to satisfy

demand of customer
• Company should follow the same rule of providing quality

materials to customers for a longer life in market
• Maintenance of previous records by the organization is helpful

for reference and also a lot of time can be saved.
• Incentive for higher production should be paid to employees

and contract labour to motivate to increase production and reduce
overhead cost.

• Effective training programmes should be carried out in order to

increase the knowledge and skills of the employee.
6.2 CONCLUSION
This inplant report titled “An organization study“ conducted at “Hospet

Ispat Pvt Ltd ”. The project concludes by followings
The company has an excellent human resource department where it the
employees are given best packages, incentives and extensive care is taken by
providing facilities and extra activities are conducting to motivate the
employees.
I had great time working on project as it gives insights into the working
environment of an organization.
The training has exposed me to many facts of an organization and
helped me to gain practical knowledge of all the departments and their
functions which will go a long way in horizon of my career I become more
aware of the company.
During the four week of my internship I gained rich experience which has
enlightened me about organizational steps.

I believe that the experience I had my internship training at the “Hospet

Ispat Pvt Ltd” will surely enrich my knowledge on industrial practicability
and my MBA carrier with a place of virtual learning experience.
Chapter 7
STUDENT LEARNING EXPERIENCE
Soon after the completion of the II semester in the last week of June, I
approached the Hospet Ispat Pvt Ltd, Allanagar, Bagnal road Koppal. I
submitted my permission letter issued by our college to Mr. Raghunandan,
HR Advisor of the Hospet Ispat Pvt Ltd. He was kind enough to provide all
necessary information sought by me and also gave entire picture and details,
particulars asked by me as per the guidelines issued by our college.
Sri Mr. Raghunandan has extended full co-operation & extended all
help even by introducing me to the various departments, heads and other
employees, who here involved in functioning of their unit with utmost zeal
and vigor, who explained about the method, mode of their role in
manufacturing of various products in the industry. I met not only head of the
department of various departments but also their subordinate employees and

had interaction with them in respect of their role assigned to themselves

from the job chart.
I feel it was a great opportunity for me to undergo an In-Plant

training in HOSPET ISPAT PVT LTD and I understood how the company
till now in fulfilling the requirement by providing the timely materials
required by the concerned departments. The support and the hands on
experience during the 4 weeks in the organization has become a value
addition in my MBA curriculum.
HOSPET ISPAT PVT LTD has a very enthusiastic HR team who is

always ready to help their colleagues. They are in charge of conducting
various activities within the organization like birthday celebrations, national
festivals etc.
For a company finance department plays a vital role in giving

financial assistance. In HOSPET ISPAT PVT LTD finance department
handles all the functions under different sub-sections namely Bills payable,
Bills receivable, general ledger, Cash and Bank, Annual accounts.
In HIPL there is no need for marketing department it has heavy

demand for its product and has signed a contract with their customers who
will buy their produced sponge iron for permanent.
The Study is limited to the information supplied by the department

head and the information collected through primary and secondary data. The

study is not proposed to be an expert study as it is conducted in a short

period of 4 weeks. The scope of the study, by and large is very vast. It is
difficult to satisfy all the areas; therefore an attempt is made to cover as
much as possible.
Finally it was a nice experience during my entire training period in

Hospet Ispat Private Limited and I think myself lucky for I met a person
who is very frank and very down to the earth I will never forget him in my
life he is Mr. Raghunandan (Manager HR HIPL) and I think I have put effort
in preparation of report is satisfactory to the required extent.
BIBLOGRAPHY
 Books
• V.S.P.Rao, Human Resource Management New Delhi: Excel
Book, 2008
• Kotler Philip: Marketing Management 10th edition Prentice-
Hall of Indian Pvt Ltd
• K. Ashwatapa: K.Shridhar Bhat: Production Management 8th
edition Himalaya Publication
• Dr.S.N.Maheshwari: Financial Management New Delhi;
Sulthan Chand & sons 2007
WEBSITES:-

• www.hipl.com
• www.google.com

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INDIAN ECONOMIC SCENARIO

In India it is known to at most everybody that the morbid recession is

The growth of any country depends on its economic position the

In the event of a major US recession, besides a larger hit to Indian

Seshadripuram Institute of Management Studies 1

Manufacturing still going strong: CII Survey: Out of a total of 100

Recent Growth Trends in Indian Economy

Seshadripuram Institute of Management Studies 2

Growth in the manufacturing sector has also complemented the

The economy of India is the fourth largest in the world by GDP

Seshadripuram Institute of Management Studies 3

INDUSTRY ANALYSIS: STEEL INDUSTRIES

Steel Industry in India

Histories have shown that countries having a strong potentiality for

1. It is the only metallic item, which can be conveniently &

2. It has got very good strength coupled with durability &

malleability into thin sheets.

3. Its properties can be changed over a very wide range.

Seshadripuram Institute of Management Studies 4

Growth and Development of Steel industry in India

The development of steel industry in India should be viewed in

The growth of steel industry can be traced or conveniently studied by

Growth in Chronological Order

1830- Joshwa Marshall constructed the first manufacturing plant at

Seshadripuram Institute of Management Studies 5

1911- TISCO started production initially with-1000tones per year &

1904-1950- Formation of Mysore Steel Ltd., presently known as

1951-56: In these years mainly agriculture was concentrated. No steel

Seshadripuram Institute of Management Studies 6

Plant Location Collaboration Annual Production

1961-66: Alloy Steel plant added at Durgapur in 1964. Bokara Steel

Karnataka. SAIL for unfair condition in steel industry formed on 24th

1978: Expansion of Bhilai &Bokaro. The idea of setting up of major

Seshadripuram Institute of Management Studies 7

COMPANY ANALYSIS: HIPL COMPANY

ORIGIN OF THE ORGANIZATION

HOSPET ISPAT PVT LTD, Known as HIPL Occupies a leading

Seshadripuram Institute of Management Studies 8

OBJECTIVES OF THE COMPANY

• Effective planning, provision and utilization of resources

• Continual improvement process

• Providing training and motivating employees at all levels

• Improving reliability of the suppliers

• Ensures safe working environment

ABOUT THE FOUNDER OF HOSPET ISPAT PRIVATE LIMITED

Seshadripuram Institute of Management Studies 9

Mr. Suresh Kumar Lakhotia, Chairman and managing Director

Mr. Vinay Biyani, a Chartered Accountant by Profession, having

Seshadripuram Institute of Management Studies 10

TOTAL MAN POWER

Male Employees 170

State Bank of India, Railway Station Road, Hospet

“C” ENVIRONMENTAL POLICIES

Seshadripuram Institute of Management Studies 11

• Control of pollution with in permissible parameters

• Communication to interested parties

• Compliance with legal requirements

• Conservation of energy & other resources

• Conducting training to all employees

MANAGEMENT TEAM OF H.I.P.L

• M.D – Mr. R.Sharanabasaveshwara & Mr. R.Prakash (R.P. Mining’s