Professional Documents
Culture Documents
JAIN UNIVERSITY
Submitted By:
MANISH HARLALKA
Register No: 16MBA14107
Place: BANGALORE
Date:
MANISH HARLALKA
GUIDE CERTIFICATE
PLACE: BANGALORE
DATE:
Prof. L.S.R
ACKNOWLEDGEMENT
I offer my sincere thanks to the Jindal South west Steels Ltd, staff of
various departments for their kind co-operation and encouragement.
Place: Bangalore
Date: MANISH HARLALKA
This is to say that this report is the result of Internship undergone by Mr.
MANISH HARLALKA register number 16MBA14107 at JINDAL SOUTH
WEST STEEL LTD, THORANAGALLU under the guidance and supervision of
Prof.L.S.R. This has not formed a basis for the award of any Degree/ Diploma of
a University.
Place: Bangalore
Date:
Dr.HAROLD PATRICK
(DEAN)
CONTENTS
TOPICS Page
No
INTRODUCTION 01
Chapter
1 INDUSTRY PROFILE 02
Chapter 2 COMPETITORS 03
Chapter7 FINDINGS 57
BIBLIOGRAPHY 60
INTRODUCTION
The internship project report will help to gain practical knowledge of the course the organization in
this particular case is JSW STEELS LTD.
In this training report an attempt is made to understand the working of an organization as a whole
with the co-ordination of all the functional departments, with due respect the managerial aspect.
The main object of this internship project is to study the functional overview, organization structure,
manufacturing process and to study the SWOT analysis & core competence of organization.
The scope of this internship project is to know about the Overall background of the steel industry in
India, company back ground of JSW steel ltd upstream and a detail study in the field of HRM, Finance,
marketing & production of the company.
.
The Modes of collecting data in completing this internship project is based on, The Primary data
collected through direct contact with the all department heads and Employees. Secondary data is gathered
from the published magazines, Annual report, and induction manual.
The project which has been undergone is confined to the study of performance of the company in the
past and present. The study was based on the published reports & information collected from the companies
senior personnel. However, the study could not gather information from the consumers, dealers & other
stake holders. This report only helps to gain the practical knowledge but does not involve problem analysis.
The study was carried within a short span of time i.e. 6 weeks.
CHAPTER -1
INDUSTRY PROFILE
The Indian Steel industry is almost 100 years old now. India is the 6th
largest producer of iron ore and the 9th largest product crude steel in the world.
Till 1990, the Indian steel industry operated under a regulated environment with
insulated markets and large scale capacities reserved for the public sector.
Production and prices were determined and regulated by the Government, while
SAIL and Tata Steel were the main producers, the latter being the only private
player. After the liberalization was introduced in the year 1992, many domestic
steel industries entered into the global market.
With capital investments of over Rs 100, 000 crores, the Indian steel
industry currently provides direct/indirect employment to over 2 million people.
As India moves ahead in the new millennium, the steel industry will play a critical
role in transforming India into an economic superpower.
CHAPTER -2
COMPETITORS
Essar Steel: It uses power from its own captive plant and uses 70%
lump are to achieve cost reduction. The company is planning of installing a
pallet plant for reducing cost of production and achieving economy of
operation besides continuous. Uninterrupted supply of long turn metallic
needs. It has introduced construct system of labor instead of permanent
employs.
Today JSW Steel Ltd., is a fully integrated steel plant and third largest steel
maker after Steel Authority of India Limited (SAIL) and TATA Steel.
Vision:
CORPORATE RESPONSIBILITYS:
Environmental policy.
1. Restoring and conserving the ecological balance.
2. Implementing effective environmental management
practices in all activities.
3. Carrying out operations for going beyond compliance of
statutory rules & regulations.
4. Promoting Zero Waste concepts by implementing recovery
recycle & reuse technologies.
5. Growing green belts and ecological parks in a d around the
plant.
HEALTH Initiatives:
JSW runs the Jindal Sanjeevani Hospital, providing the best secondary and
tertiary health care at Vijayanagar, in Bellary District, Karnataka. It is fully
equipped with state of the art operation theatre and modern diagnostic
departments. They organize artificial limb camps, create employment
opportunities for physically handicapped, organizing free medical camps, which
includes Cancer and AIDS awareness programmes.
COMMUNITY Initiatives
They have built concrete roads, which have significantly reduced the dust
pollution levels of the surrounding villages, especially in Bellary, Hospet,
Toranagallu and Sandur, districts of Karnataka. They have concreted the gateway
to the historical Hampi, World Heritage site. The foundation has also contributed
towards building the Rangasharda Theatre and the ashram of Sri Ravishankar at
Bangalore and has donated land for an ayurvedic ashram in Vasind. They have
initiated the clean Bellary project where they have introduced a mechanized
garbage disposal system for the first time in the Bellary district. A special truck
fitted with self-loading and unloading hydraulic system including 25 garbage bins
and 200 dustbins were introduced. They have contributed for street lights and
drinking water facilities at Vasind village. They have created a revolving fund for
the benefit of the rural women.
The beneficiaries get interest free loans from this revolving fund for
purchase of buffaloes and for starting other small business. We are organizing free
veterinary health
check-up camps, fodder production workshops and feed making training to these
women beneficiaries. We plan to increase the number of beneficiaries many folds
by forming a MACS (Mutually Aided Co-operative Societies).
HERITAGE Initiative
JSW endeavour is to formulate a comprehensive and holistic master plan
for the
management of the unique ruins of the Vijayanagar Empire. The foundation
supports the Hampi Utsav where local and national level artists participate in
dance, music and other art forms.
JSW have drawn up the master plan for the conservation of the
Chandramuleshwara temple, which will be the first conservation project. This is
being done in association with the Global Heritage Fund, San Francisco to ensure
international standards. The Foundation has sponsored the book New Light to
Hampi, edited by John M Fritz and George Michell, which has incorporated the
recent research on Vijayanagar Empire. The Foundation co-sponsored the book
The Guide to the Architecture of the Indian Sub Continent by Takeo Kamiya, an
eminent Japanese Art Historian.
SPORTS Initiatives
The Jindal Squash Academy in Vasind has been set up to promote
excellence in
sports and give exposure to rural youth. This academy has nurtured talent of
international repute. Young sportsmen from this academy have represented India
at the Asian Junior championships. We also house a badminton academy, which
regularly organizes state level badminton tournaments in Karnataka. The
swimming academy has trained swimmers who now regularly participate and win
at the national levels. Our Jindal South West Foundation ladies hockey team has
won the Under-17 Karnataka State Hockey Championship title at the recently held
championship at Davangere, Karnataka.
Kalasangam
With an objective of creating awareness on cultural aspects viz., art,
literature,
music, dance and theatre among employees and their families residing at
Vidyanagar, the foundation has created Kalasangam for harnessing local talents. It
offers a platform to exhibit their talent for enthusiasts in the above-mentioned
fields and organizes several interfaces with specialists in various arenas.
Kalasangam is a confluence of Art, Drama, Literature, Music and all which imitate
nature.
It is a forum for the manifestation of the perfection of art among Jindalites.
It is an esoteric and aesthetic medium of expressions across the artistic hearts of
Jindalites. The idea of Kalasangam was conceived in July 04 for harnessing the
hidden talents. A voluntary membership of 106 Jindalites was enlisted with 5
coordinators, one for each stream viz., Art, Music, Theatre and Dance.
Kalasangam was formally launched on 21.09.04 with a dance drama performance
by child artists. The logo of Kalasangam was coined by in-house members which
depicts the theatre, literature, music and dance forms
.
Mumbai Festival
The nine-day festival, intended to revitalize Mumbais image through a
series of
cultural and entertainment events across the city. The festival aimed at putting
Mumbai on the international festival circuit, thus acting as a major catalyst for
tourism in Mumbai. The Art & Heritage section, the highlight of which was a 60 ft
Mannat Wall painted by the citys noted artists, was presented by Sangita Jindal
and supported by the Hindal South West Foundation.
CHAPTER -4
ORGANISATION HIERARCHY
CHAIRMAN
VICE-CHAIRMAN
CEO
GM CS GM GM GM
1. Mrs.Savitri
Devi Jindal
(Chairperson)
2. Mr.Sajjan Jinda
(Vice chairman & MD)
3. Dr. B.N.
Singh. (Joint MD
& CEO)
4. Mr.Seshagiri Rao
M.V.S. Director
(Finance)
5. Dr.Vinod
Nowal Director
(commercial)
6. Dr. S.K.Gupta
(Director)
7. Dr.Vijay
Kelkar
(Director)
9. Mr.Uday M.
(Director)
RMHS
PELLET SINTER
PLANT PLANT
BOF
HSM
Abbreviations
Functions of RMHS
Raw Materials Required for Production: Iron ore lump and fines, lime stone,
dolomite, quartzite, manganese ore, non coking coal and coke
Quartz Sandur
Coal Yard
Ore Yard
Additive Yard
Stock House
Equipments Used in Supplying Raw Materials to various Departments:
1. Wagon Tippler 2 Nos
2. Stacker Re-claimer 7 Nos
3. Barrel Re-claimer 1 No
4. Twin Boom Stacker 1 No
5. Screening Plant 2 No
6. Approximately 22 km long conveyor system.
Wagon Tippler
Wagon Tipplers are used for unloading of raw materials received through
railway wagons. Side arm charger places each loaded wagon of the rack on the
tippler table which is then tippled by tippler. Material discharged onto the hoppers
is conveyed to the down stream conveyers through apron feeders.
Technical specification:
Stacker Re-claimer
These equipments are meant to stack the raw material in the yards and also
to reclaim the same for conveying to the consuming departments. Out of these five
three are used in the coal yard and two in ore yard.
Technical specification:
This equipment is meant to reclaim iron ore fines for conveying to pellet
plant.
Technical specification:
Technical specifications:
Limestone
Dolomite
Coke
Bentonite as binder
Water
Gas
Slag
Process:
The capacity of Pellet Plant is 5 MTPA and pellet size ranges from 6 to 12
mm.The process of converting Ore into Pellets is called Pelletisation. In this
process the iron ore fines are converted into tiny balls of suitable size by rolling
the fine material with a critical amount of water and to which an external binder or
additive may be added. Tiny balls produced are called pellets.
It makes green pellets using balling disks and indurate using the straight
grate machine. Lime Stone/dolomite is used as flux and bentonite as a binder.
Corex gas is the fuel for the indurating furnace and the sludge from the corex plant
is used to add carbon to the pelletising mix.
Limestone
Dolomite
Coke
Bentonite as binder
Water
Sinters
Slag
Gas
Process:
The Sinter Plant capacity is 2.3 MTPA. Producing sinter as major raw
material for Blast Furnace process, Sinter Plant is also uses the same raw materials
which were used in Pellet Plant. But the process is difference in this plant
compared to Pellet plant. Sintering is an agglomeration process which produces
strong and porous lumps from a powdered uncompacted mass of iron ore with the
application of heat to the stage of incipient fusion. The heat necessary is supplied
by the combustion of coke breeze.
Finally these Sinters are sending through conveyor system to Blast Furnace
for next Production Process.
BLAST FURNACE
There are two Blast Furnaces at JSWSL, BF-1 rated capacity 0.9 MTPA
and BF-2 is 1.3 MTPA.
Iron Ore
Limestone
Coke
Water
Dolomite
Quartz
Hot Metal
Slag
Gas
Hearth
Bosh
Stack
Tuyers
Process:
In the blast furnace solid charged materials like iron ore, coke and lime
stone are charged in the vertical shaft of the furnace at the top and hot air blast is
blown through tuyers which are located at the bottom level. The oxygen form the
pre heated blast combines with the carbon of coke and generates heat and carbon
monoxide. the gas phase containing mainly nitration and carbon monoxide
ascends upwards through the charge which reacts with and extracts heat from the
gas wastes eventually the gas melts and metal and slag thus formed gets stratified
and separated to obtain the metal fundamentally therefore the blast furnace is a
counter current reactor.
The main chemical reactions are reduction of iron oxide to iron and burning of
coke. The iron oxide may get reduced as
2Fe2O3+3C= 3CO +2Fe
Since the iron oxide is directly reduced by carbon it has been referred as
direct reduction of iron oxide. The CO required for indirect reduction is essentially
generated at the tuyer level where carbon of the coke burns as 2C + O2=2CO
As the gases rise and carry out the reduction the CO2 content of the gas increases
and the following reaction takes place. (CO2+C=2CO)
This is known as solution loss reaction. Lime stone and dolomite which is
added as a flux in the charge get calcined. Blast furnace is shaft type counter
current reactor I which heat is exchanged and chemical reaction take place
between gas and charge material. Iron oxide along with fluxes and coke is charged
in furnace from top and hot blast air at 1050C is blown through tuyer at bottom.
The hot ascending gases hats up the descending charge material accompanied by a
variety of physical and chemical reactions giving hot metal and slag which are
tapped at regular interval
.
Finally this Hot Metal is transported to next Production department.
COREX PLANT
There are two Corex Plants at JSWSL, each of 0.8 MTPA (Corex I &II)
Iron Ore
Limestone
Coke
Pure oxygen
Water
Dolomite
Quartz
Corex Gas
Reduction shaft:
Iron ore, pellets and additives (i.e. limestone and dolomite) are
continuously charged into the reduction shaft via lock hopper system located on
the top of the shaft. The burden descends through the shaft by gravity. The
reduction gas is injected through the bustle located about 5 meters above the
bottom of the shaft at 850oC temperature and over 3 bar gauge pressure. The gas
moves in the counter current direction to the top of the shaft and after the exit
from the shaft it is termed as top gas. The top gas
Scru
bber Ex
Top Gas Ga
Coal
Reduction
Shaft
Reductio Scrubb
n Gas er
Hot Gas
Cyclone
Compressor
Cooling Gas
Melter
Gasifier Dust
Oxygen
Settling Pond
Slag and
Hot metal
temperature is around 250oC. Some amount of Coke is also added to the shaft to
avoid clustering of the burden inside the shaft due to sticking of ore/ pellets and to
maintain adequate permeability in the burden.
Following are the primary reactions taking place inside the shaft.
Reduction of iron oxide by CO and H 2 and transforming the iron oxides to
metallic
iron.(Fe2O3 Fe3O4 FeO Fe)
Calcination of limestone and dolomite
CaCO3 = CaO + CO2 (endothermic)
CaMg(CO3 )2 = CaO. MgO + 2 CO2 (endothermic)
2C + O2 = 2CO
2CO + O2 = 2CO2
C + CO2 = 2CO
Melting and formation of hot metal and slag
Finally this Hot Metal is transferred to next Production Department.
BASIC OXYGEN FURNACE (BOF)
LHF 1
CONVERTER-3 -
CASTER-1
Specifications of Mixer :
Capacity : 1300T
Average Si : 0.6 %
Average S : 0.010%
Converter:
BOF route is the most widely used steel making process. The hot metal is
charged in to the Converter (Pear Shaped Vessel used for steel making) along with
the scrap. Oxygen (at 99.9% purity) is blown through a water-cooled lance at high
pressure to oxidize the impurities in the charge. Fluxes like lime and calcined
dolomite are added to the charge during the process to facilitate the chemical
reactions. After the process is completed, steel is tapped into a ladle, required
amount of Ferro Alloy are added and sent to LHF for further processing. Slag
which is formed during the process is emptied into a slag pot and sent to slag
yard.
Specifications of Converters:
Nos : 3 nos.
Capacity : 130T Nominal
Blow time : 17min
Tap to Tap time : ~ 45min
Average Heat wt : 130 T
The ever increasing demand for high quality steel particularly for critical
applications made it necessary for steel plants to install ladle furnaces. Ladle
Furnace not only facilitates heating of the steel to the temperature needed by the
Caster and also helps in flotation of the impurities to the slag. Trimming additions
of Ferro Alloy are made at LHF to fine tune the chemistry of the steel.
Other Sec.Metallurgy facilities like CAS-OB and RH-OB are being added to the
existing setup to enhance the production from 2.5 Mt to 4.0 Mt.
Continuous Casting Plant (CCP)
In this Plant the Hot Metal which is obtained from BOF is converted into
Slabs.
Slabs
Corex Gas
HR Coils
RE-HEATING FURNACE - Walking beam type, heat the slabs to the rolling
temperate by using corex gas.
COIL BOX - It achieves uniform temperature of the bar from head end to tail end,
effecting isothermal rolling and perfect control on the gauge.
ROTARY CROP SHEAR - The purpose of rotary crop shear is to crop the front
end and tail end of the strip prior to entering the F1 stand the cut is made on the
fly. The shear is composed of two horizontal drums with curved knife blade and a
straight knife blade on each drum.
PINCH ROLL SCALE BREAKER To remove the fine scale formation from
the strip before it enters the finishing stands by using high precision water spray
on the top and bottom of the transfer strip.
FINISHING MILL - To ensure a good quality strip with good gauge control,
profile control and a surface free from any possible defects. The plant has a six
stand 4-hi finishing mill equipped with Automatic gauge control, Work rolls
bending quick control, Roll changing devices, Low inertia hydraulic inter stand
loopers and De-scaling facilities.
RUN OUT TABLE - This is provided in between Finishing Stand # 6 and coiler.
The strip coming out of finishing stand having a temperature of 850 C to 950 C.
is cooled down to a temperature of 540C to 650 C. A series of water jets well
spread uniformly over the strip from the bottom and laminar cooling heads are
provided at the top. ROT table consists of 96 mts length and 20 number cooling
header.
DOWN COILER -Two hydraulic down coilers are supplied by Danieli United,
USA equipped with out-board bearing supports to take care of heavy coil
windings. Hydraulically controlled wrapper rolls with jump control ensure
compact winding with no damage to the Strip surface.
FINANCE DEPARTMENT
Financial Planning
Financial forecasting is the basis for financial planning. Forecasts are
merely estimates based on the past data. Historical performance may not occur in
the future. Planning means what a company would like to happen in the future,
and includes necessary means what a company would like to happen in the future,
and includes necessary action plans for realizing the predetermining intentions.
Application of Funds
Fixed Assets : 10192.03 8379.93
Current Assets : 2485.63 2567.86
Current Liabilities : 2285.73 2142.61
2006- 933
07 7
2005-
06 6802
2004-
05 7036
2003- 359
04 0
2006(in
2007(in Crores) Crores)
2006-07 78.88
2005-06 55.57
2004-05 59.78
2003-04 21.46
MARKETING DEPARTMENT
Slabs
Pellets
Market
Marketing is so basic that it cannot be considered a separate function, it is
really the whole business sees from the point of view of final results.
Marketing is a view point which looks at the entire business process has a
high integrated effort in discover, Create, arose and satisfy the customer needs.
Market: It is a place where a goods and services are exchanged; the term
market means to aggregate of all demands for as particular product or service. It
also refers to
aggregate of all consumers-existing and potential for product. JSW has a very
Good market for almost all market centers.
CUSTOMER
DIRECT TRADERS
CUSTOMERS
Direct customers will approach with the bulk order for their utilization.
Traders place the orders for resale and profit out of it.
The material is loaded into truck or rail without any variation of quality.
The senior officer also checks this at the time of loading.
Sales Plan
The company should have correct and clean sales plan and the same plan
must be followed each and every time. Otherwise, the finished output remaining
blocked and the working capital cannot be obtained to perform the day-to-day
activities of the firm.
The interested customers send a letter to JSW for enquiry their availability of the
product, Terms, condition etc. If they find satisfactory the order will be placed
which including quality, quantity of the products, mode of transport terms of
payments etc. After receives the purchase order the correspondence section of the
sales department scrutinizes the purchase order and if the same size is satisfactory,
JSW sends a sales order and as acceptance letter.
One of the duplicate copies of the sales order is retained with the dispatch
section and one with accounts department. The purchase then confirms his order
by sending back the acceptance letter duly signed.
JSW after receiving the acceptance scrutinizes it and them the corresponds section
seeks to range for the availability on required goods and duly prepares a Daily
Dispatch Plan Which is passed on the dispatch section and then carry on.
The invoices prepare including all the charges like the prices of the stock in
addition to the freight, local excise duty and other loafing and unloading charges.
The company also adopts certain sales promotion activities direct the product
toward customer.
Sales Promotion
Sales promotion is a key ingredient in marketing campaigns sales
promotion consists of diverse collection of incentive tools, mostly short term,
Designed to stimulate quicker as greater purchase of particular product as services
by consumer on the trade.
Sales promotion covers those marketing activities other than advertising,
publicity and personal selling. It is acts as a bridge between personal selling and
advertising.
JSW adopts sales promotion techniques:
JSW is going to provide price off, a straight discount off the list
price on each case purchased during a stated time period.
The company developed customer sensitiveness and it provides
incentives and discounts on regular and bulk purchases.
Sometimes JSW provides transport allowances to buyers.
In keeping touch with the main and each months plans, the marketing manager of
JSW formulates dispatch plan daily for the purpose of distribution of goods
according to the orders received.The standard given to achieve the sale target of
1,75,000 tones per month.
Objectives of marketing planning are:
To achieve set standard
To enjoy profits
To satisfy customers as it is buyers
market. According to JSW the benefits of marketing
planning are:
1. It encourages innovation and creativity.
2. Marketing planning improve competitive strength.
3. Marketing planning helps to meet the demand.
4. It minimizes the risk and uncertainty.
5. Marketing planning focuses attention on objectives.
6. Marketing planning helps to reduce the cost of production.
7. Marketing helps the manager to adopt strategies according to its.
8. Changing market opportunity.
9. Marketing planning helps the manager to take decision.
10. Marketing planning facilitates control.
Physical Distribution
The process of getting goods to customers has traditionally been called
physical distribution. Creating a customer and creating a product do not complete
the process of marketing, delivering the product the customers is an equally
important part of this process and that is reffed to as distribution in marketing
parlance.
Physical distribution is a process of reaching the product to the consumers.
It coordinates all the activities in the physical flow of product between producer
and consumer.Physical distribution provides place and time utility to product. It is
distribution that makes the product available at the right place and at the right
time, there by distribution maximizes the companys change to sell the product
and strengthening its competitive position. It is now becoming prominent cost
area.
There are two major components
1. TRANSPORTATION
2. WAREHOUSING
1. TRANSPORTATION:
It is the first among the major function of physical distribution. It adds time
utility and place utility to the product.
There are four main type of transportation; the manufacture must also
known the relative costs of made.
Roadway Transport
Railway Transport
Waterway Transport
Airway Transport
The main product of JSW in HR Coils (HOT ROLLED). The weight of
each coil will be approximately 20 to 30 tons, so the Airway transport is not the
best mode for transportation because it is more costly, capacity will be limit and
cannot carry bulk orders.
The transportation mode of JSW is Roadway and Railway. For Export
orders it is send though waterway by costal shipping.
JSW has chosen roadway because of following to others:
Cost is low compared to others
More accurate.
It eliminates the terminal cost.
Roadways are very convenient to both manufactures as well
as buyers.
JSW use truck as main vehicle for transportation.
JSW basically prefer for road transport when the order is
less than 2000 tons.
JSW uses Railway as mode of transport when the order is
more than 2000 tons, because it is cheaper than road transport.
2. WAREHOUSING
Every company has to share finish goods until then sold, because
production and consumption cycles pure match. As a matter of fact, Warehousing
Management has two distinct and equally importing parts.
The physical job crafting scanning the network of storage
points and
The managerial task of controlling the inventory levels.
Advantages of maintaining warehouse:
To ensure timely delivery
To see smooth running of production
To meet the demand
It helps in balancing demand and supply and in stabilizing the prices. The
product, produced is dispatched to different place according to the orders received
and extra products are stored in the warehouse for future dispatch.
But JSW doesnt maintain more stock because their capacity is 2.5 million
tons, out of which their produce 2.1 million tons and 60% of its production is
down stream (Purchased by Group Company).
JSW is maintaining a small part as a stock in Bangalore, Chennai and
Hyderabad because there concentrating on small market also, the profit margin
high.
Channels of distribution:
An industrial goods manufacturer can use its sales force to sell directly to
industrial customers or it can industrial distributors, who sell to the industrial
customers.
The JSW is having depots in Bangalore, Chennai and Hyderabad; they are
concentrating on small market by maintaining small stock.
EXPORT
DEALERS DIRECT
JSW is exporting their product though dealers and direct customers about
11% of their production.
TATA Steel
Essar Steel
HUMAN RESOURCES DEPARTMENT
Work Culture
Driving the growth of the JSW are 4800 committed employees. The
diversity of location, language and culture blends seamlessly into a common work
ethos, which hinges on fostering excellence, recognizing and rewarding
entrepreneurship. We believe in empowerment, delegation and calculated risk
taking. JSW ongoing endeavor is to create an organizational ambience where
talent can bloom. To do so, we strive to make the workplace a source of creativity,
innovation and one that makes work meaningful.
They ensure that all JSW policies, progressive initiatives and goals are fully
communicated to all employees and that they understand and relate to these. JSW
commitment to JSW people is reflected in the sense of belonging and pride every
employee feels towards JSW and the passion and commitment they bring to their
work.
Employee Communication: The Human Resources Department handles
employee communication. You as an employee may have certain questions,
queries, complaints, suggestions and ideas that you would like to share, this
is
possible through the employee employer communication kinship, offered
in this company. Communication is given a high priority and this is so
because we consider it necessary to remove barriers and increase the intra-
organization flow of information.
Open Door Policy: You, as an employee of the company, have the
freedom to go through and voice your perceptions, your suggestions and any
matter that are relevant to you and your job. Your active participation is
needed and appreciated to ensure that an open and free exchange of
communication exists.
Role of Supervisor: Your Supervisor is your first source of information,
advice, help, encouragement and training, and is the person directly
responsible for assigning, directing and reviewing your work. He is the
person who will correct your weaknesses, reward and consolidate your
strengths. You are free to air your views about your performance and
suggestions to your supervisor for a suitable response.
Employer-Employee Relations: All throughout the history of Jindal
Organization, the relation between the management and employees have
been excellent and the same trend is being followed at JSW too. The working
environment and the organizational culture provide a glimpse of this reality.
Mentor-Mentee Relationship: JSW employees have a good mentor-
mentee relationship. Every senior employee takes upon himself, the task of
improving the performance of his juniors. The mentor is a source of
information, encouragement, help and guidance, in adherence to our culture
of continuous learning and shared knowledge.
Working Conditions
We believe that people are our principal asset. They are the ones who create
everything thats valuable to the company. All they need is the platform to do so.
The wide variety of businesses that JSW is involved in, provides present and
potential employees plenty of opportunities to grow, as well as the cross-
functional exposure to enrich and widen their horizons. A huge and not always
clearly visible, effort lies behind the success of any organization. We believe in
taking our people along as we forge ahead. Total employee involvement is
embedded in the companys culture. This has only been possible, as each one of us
has done our bit in the quest for excellence.
Care and concern for fellow-employees are evident everywhere. We take
care of the quality of work delivered as well as the environment in which it is
executed. Our lush green plants, which are a no tobacco zone, provide the right
ambience to employees. Housing facilities, school, library and a recreation center
are just some of the highlights of the quality of life that we offer. We have begun
to look at a broader canvas as new opportunities, are being thrown up by the day.
Thus, in turn, is making accelerated growth and promotion opportunities at all
level a reality. The compensation structure in JSW is comparable with the top in
the steel industry. What is immeasurable is the work environment the
responsibility, the challenge, the opportunities for horizontal and vertical mobility,
and the freedom and flexibility in decision-making.
All of these positives have created an environment that is warm, friendly
and extremely conducive to professional and personal growth.
Accommodation: Not just houses but a way of life JSW has housing colonies
in Toranagallu, Vasind and Tarapu.
Upstreams township Vidyanagar, home to our employees won the Prime
Ministers award for the best-planned township in the year 1998 as well as the
Indian Developer Felicitations, 2005 award for the best industrial township. It is
a perfect example of combining 21st century living in the sylvan splendors of
nature and the timeless architectural charm of Hampi, capital of the 15 th century
Vijayanagara Empire. In addition, Vijay Vittal Nagar has also been constructed for
housing contract employees. The various facilities in the vicinity of the township
ensure the comfort of the employees and their families. A centrally located
clubhouse with swimming pool and recreation facilities, guest houses, temple, two
schools DAV Jindal Vidyamandir and Jindal Adarsh Vidyalaya, occupational
health centre, Jindal Sanjeevini Hospital, Vijayanagar sports club all go to make
living in Vidyanagar an unique experience.
Above all this, the project has resulted in creation of infrastructure like
pipelines for water, roads, and railway lines all adding to the development
prospects of the entire region places of lounst attraction are Hampi, Pampa
sarovar, Tungabhadra and Narihalla dams, Harishankar Spring and Kumaraswamy
temple which are within 50 kms radius of the upstream plant. The downstream
plant Vasind has three colonies,
adjacent to the plant premises. The easily accessible recreation centre guest
houses. Jindal Vidyamandir (school). Occupational Health Centre makes living in
Vasind, a comfortable experience, Similarly. Tarapur has two colonies, Kurgaon
and RH-1, at a reasonable distance from the plant. The local TIMA andTMRCT
hospitals take care of the employees needs adequately. Local areas of tourist
attraction include Kelve and Bordi beaches near Tarapur and Mahuli fort and
Manasam (Jain) Mandir near Vasind.
Health & Safety: The safety and health of the employees are ensured by
maintaining safe processes, carrying out safe practices, providing a sale
environment imparting adequate and proper training. Issuing detailed instructions
as regards the area of operation and inculcating safety awareness among all
employees. Cost considerations or the demands of production and operations do
not overshadow safety considerations. Like at JSW, every employee including
contract employees undergo Industrial Safety training before they actually take up
their assignments in the company.
It is the responsibility of all employees to:
Exhibit a high sense of personal discipline.
Learn the safety procedure applicable to the job and follow it.
Jindal Sanjeevini Hospital: Providing the best secondary and tertiary health care,
this hospital has 24 hours casualty and emergency wards. It is fully equipped with
state-of-the-art operation theatre and modern diagonistic facilities.Our
commitment to people is not only limited to the steel township but extends to the
nearby villages. Apart from direct and indirect employment to local people, the
community is benefited through our ongoing rural development activities.
Library: A collection of management and personal development related books are
available with the HR department for use by the stall. The company has an e-
Library where one can reserve his choice of books against the availability of the
same.
HRD Center/Jindal Knowledge Centre: The company has Jindal Knowledge
Centre (JKC) at Vijayanagar and an HRD center at Vasind. We will soon be setting
up a Developmental Centre of Excellence in Mumbai. It is the venue for many
programs, seminars, conferences and meetings. It has a library, a training facility
and study area.
The JKC has books and magazines on various topics. JKC has augmented state of
the art infrastructure for faster and timely access to information. In order to
provide value addition, JKC has installed WEB based Online Public Access
Catalogue (WEB OPAC) of its holdings, with a table of contents, which can be
accessed in a more interactive way.
Recruitment
Campus
Recruitment:
We recruit at the management and graduate engineer trainee level from
premier management schools and engineering colleges and we are always looking
for young men and women high on initiative and nurturing a strong desire to make
a positive difference to the success of our businesses.
Summer Trainees:
The JSW Summer Trainee Program is designed to facilitate the
professional development of young talent and sometimes identify talented culture-
fit employees for the companys Management Trainee program the Summer
Trainee program provides a learning of the vagaries and complexities of our
business from the ground up. With value-creating live projects the intern begins
appreciating the intricacies of his or her function and the impact that its has on
business. The quality and content of projects provides an opportunity to
complement your classroom learning with hand-on experience.
Management Trainee:
JSW has always been home to great leaders-passionate professionals with a
razor sharp focus and a far-sighted vision. We believe in the combination of
leadership of experience and leadership youth. The average age to occupy
leadership positions within JSW has come down because of significant
investments in inducting and developing young talent. The functional training
stints include sales and marketing, technical, finance, logistics, supply chain and
human resources focus.
Deputation
JSW has various companies under its wing. At any given point of time a
concerned company may request the services of any employee of another
company for a particular assignment. In such a case the required employee may be
put on deputation for that specific job.
Resignation
An employee ceases to be in employment once his submitted resignation
has been accepted and he is relieved from the companys services. An employee
on probation may resign from the company by giving sufficient notice of 24 hours
while a
confirmed employee will have to give a notice period of one month. He will be
relieved on completion of notice period as per letter of his appointment or
standing order of the company as applicable. The resignation letter should be
submitted to the General Manager-Human Resources through the functional
heads.
Performance on the job is not the sole criterion for evaluation; the factors
given below are given due importance.
Job knowledge
Customer satisfaction
Man management
Decision making
Human relations
Safety orientation
Panning and organizing
Clarity in communication
Taking initiative in getting the job done
Fostering innovation and creativity
Ability to get along with others
Quality and quantity of work
This section briefly outlines some of the highlights of the pay and
perquisites, applicable to employees. These may be reviewed/revised from time to
time, It is the duty of an employee to ensure that proper nomination for legal heir
is available in the company records to facilitate 0faster redress in case of any
eventuality.
2. SALARY (QUARTERLY)
Medical Reimbursement Allowance Employees on regular grade are
eligible for medical reimbursement/allowance @ 8.33% of basic salary paid
quarterly upto the extent of medical bills submitted and any shortfall of the bills
will be carried forward up to March of the next year to avoid income tax
deductions. Employees not under the tax bracket need not submit the bills.
3. SALARY (ANNUAL)
a. Leave Travel Assistance (LTA): Employees are eligible to claim
LTA after completion of one years service with the company as per the
LTA rules provided hereinafter.
b. Bonus: Bonus as per the provisions of the Payment of Bonus Act,
1965. This will be paid to the employee annually in the first quarter of the
new financial year.
7. OTHER BENEFITS
Gratuity Scheme and loans are incorporated in practice the details of these
are available on the intranet or in the Human Resources Manual.
Lost and Found Articles
It is advisable not to keep any valuables, including cash around desk, open
drawers or other easily accessible places. Please contact Administration
Department regarding lost and found articles.
Notice Boards
Company notice boards are centrally located and notices of interest are
displayed you can keep abreast of all company news and events through these
notice boards
Telephone Calls
We encourage employees to keep personal calls to the minimum. You may
make outward local calls or receive incoming calls of an emergency nature which
may be kept as brief as possible.
Visiting Cards: The Company will provide for visiting cards to be printed
for the employees at the level of Deputy Manager and above. Exceptions are
made for individuals who have to maintain either very strong customer
contacts or liaison with government officials on a regular basis. Others below
the level of Deputy
Managers should have the approval of the concerned Executive Committee
members.
Stationery: If an individual employee requires any stationery, he/she can
fill up a requisition form and get the same approved from his/her immediate
boss, collect the stationary upon submission of the same to the
Administration Dept.
Expense Claim: An employee can claim any expense incurred by the
employee on official duty within the rules. Your Supervisor will explain to
you the exact procedure to claim this.
Uniform: All the employees are to wear the uniform, provided by the
company (at manufacturing plants) on all working days.
Attendance: Swiping machines are installed across all the offices and
plants, where the employees are required to swipe their entry and exit.
Questions: If you have any doubts-
Strength:
1. JWS has good reputation in steel market. This is the result of long
experience of around 3 decades in the steel industry.
2. The major strength of JSW lies with the price.
3. State-of-art technology. The Corex process makes it a low cost
production of steel in the industry.
4. Production Quality is the strength of the JSW.
5. Exemptions from sales tax as major dispatches are made from plant
site.
6. JSW is having 60% of market share in south India.
Weakness:
1. Transportation costs are high due to non-availability of trucks and
other means of transportation easily.
2. JSW is far away from the main market and it is difficult for them to
dispatch the products because they dont have good transport facilities.
3. Problems with efficient Warehousing and out bound transportation.
Opportunity:
1. Located in the centre of Bellary-Hospet region, a high grade iron
belt.
2. Easy access to the major parts of Goa, Chennai and Mumbai.
3. It lies in the vicinity of large potential and unexplored market of
southern India.
Threats:
1. Tough competition from the players such as TISCO (TATA
integrated steel corporation), SAIL (Steel Authority of India Limited),
Essar steels.
2. Foreign company like Mittal steels and POSCO entering Indian
steel.
3. Price war may result due to close competition and price being the
main constraint in steel marketing.
4. Dumping of metal from countries like Korea and China is another
major threat.
.
CHAPTER -7
FINDINGS
JSW must plant more trees both in plant layout and out side.
Books Referred:
Web Sites:
1. www.steel.com
2. www.steeldynamics.com
3. www.infoline.com
4. www.jsw.in