Organisation Study on IREL Chavara 1

DC School of Management and Technology | Trivandrum

Summer Internship Program OnOrganization Study of

INDIAN RARE EARTHS LIMITED,

CHAVARA

Submitted by:

VISHNU K R (Reg. no. 13460042)

Under the Guidance of

Organisation Study on IREL Chavara 2

DC School of Management and Technology | Trivandrum

Certificate (of the Institution)

This is to certify that the report entitled An organisation study on Indian

Rare Earth Ltd submitted here is a bonafide record of the work done by

VISHNU K R under the guidance and this work has not been submitted by him for the

award of any other degree, diploma or title of recognition earlier.

DC School of Management and Technology (sd)

Date:..

(Seal)

Organisation Study on IREL Chavara 3

DC School of Management and Technology | Trivandrum

Certificate ( of the Organisation)

This is to certify that VISHNU K R,2nd

semester MBA student of DC School of

Management and Technology has done a project work on organisation study in our

organization under the supervision of Mr Chandrasekhar, Sr. Manager, safety and

Environment Department during the period from 21 April 2014 to He has

successfully completed the work.

(Seal)

(sd)

Place and Date

Organisation Study on IREL Chavara 4

DC School of Management and Technology | Trivandrum

DECLARATION

We, VISHNU K R, 2nd

semester MBA student of DC School of Management and

Technology, do hereby declare that this organization study titled An Organization

Study on INDIAN RARE EARTHS LIMITED, CHAVARA under the guidance of

Mr RAJENDRAN is the result of original work during the organization study time. We

have not submitted the same for the award of any degree, diploma. All the data both

primary and secondary are true to the best of my knowledge

.

VISHNU K R

Place: Kollam

Date:

Organisation Study on IREL Chavara 5

DC School of Management and Technology | Trivandrum

ACKNOWLEDGEMENT

First of all we wish to express my deep gratitude and thanks to God who helped us in

completing the organisation study successfully.

We shall remain grateful to Dr. P.S Mohana Kumar for his amble guidance and

encouragement for completing the organization study. We are also extremely grateful

to faculty member for their valuable suggestions and 2advice regarding this work.

We are more obliged to Dr. VeeranKuttyDirector, Dc School of Management and

Technology for given helpful suggestions and valuable guidance

It is our pleasure to express a deep sense of grateful to Mr jayapalan(Deputy

generalmanager),Mr Chandrasekhar, Sr. Manager( safety and Environment &

QMS Department),Mr Satyabhusan Samanta, Sr.Manager(Finance) without their

untiring efforts and tremendous background information this work would not have

materialized. We express our sincere thanks to all the staff of IREL, Chavara for their

co-operation during my study in the company.

Last but not least we thank to all the staff members of the DC School of Management

and Technology for the encouragement rendered for the completion of the research

work and also we extend our gratitude to all staff and workers in IREL, Chavara for

their support in our organization study.

Organisation Study on IREL Chavara 6

DC School of Management and Technology | Trivandrum

LIST OF CONTENTS

Subject Page

Number

Chapter 1 Introduction 9-12

Chapter 2 Industry profile 13-19

Chapter 3 Company Profile 20-24

Chapter 4 Product Profile 25-27

Chapter 5 Customer profile 28-30

Chapter 6 Functional areas of IREL 31-75

Chapter 7 Swot Analysis 76-78

Chapter 8 Porters Five Force Analysis 79-81

Chapter 9 PEST Analysis 82-84

Chapter 10 Findings, Recommendations, Conclusion 85-87

Organisation Study on IREL Chavara 7

DC School of Management and Technology | Trivandrum

LIST OF TABLES & CHARTS

Table No Subject Page no.

2.1 World production reserves 16

2.2 Resources of Monazite in India 17

2.3 Potential RE markets 19

4.1 Product profile 26

4.2 Uses of the product 27

6.1 Manpower strength 34

6.2 Contract workers 34

6.3 Pay scale for Workers and officers 37

6.4 Production capacity of chavara plant 48

Balance sheet 89

Statement of profit and loss account 90

Organisation Study on IREL Chavara 8

DC School of Management and Technology | Trivandrum

LIST OF FIGURES

Fig no. subject Page no

1.1 Corporate structure 11

6.1 Department structure -HRM 32

6.2 Department structure -Mining 45

6.3 Department structure -Production 46

6.4 Production process 50

6.5 Department structure Quality control 52

6.6 Department structure Stores and Despatch 54

6.7 Department structure Internal Audit 57

6.8 Department structure R&D 58

6.9 Department structure Project& maintenance 59

6.10 Department structure Finance 64

6.11 Department structure Medical 67

6.12 Department structure Security 69

6.13 Department structure Safety& Environment 70

6.14 Department structure -Civil 75

Organisation Study on IREL Chavara 9

DC School of Management and Technology | Trivandrum

CHAPTER 1 INTRODUCTION

Organisation Study on IREL Chavara 10

DC School of Management and Technology | Trivandrum

INTRODUTION

Each and every organisation has its own importance in the economic wealth of the

nation. Different organisation meets different needs of people by offering different

products and services. Due to globalisation the world has changed into a global village.

In this fast and changing business scenario, it is imperative for every entrepreneur to

have a vivid understanding of the functional application of the new age business. As a

part of the academic curriculum each student has to undertake an organisational study

to get practical exposure. This study is conducted at Indian Rare Earths Limited,

Chavara.

IREL Chavara is located 10 km north of Kerala and 85 km from Trivandrum, capital of

Kerala and 135 by road from Cochin is perhaps blessed with the best mineral sand

deposit of the country. The plant operates on a mining area containing as high as 40%

heavy minerals and extending over a length of 22 kms in the belt of Neendakara and

Kayamkulam.

The deposit is quite rich with respect to Ilmenite, Rutile and Zircon and the mineral

Ilmenite happens to be of weathered variety analysing 60% Titanium Dioxide (TiO2).

The present annual production capacity of Chavara unit engaged in dry as well as wet

(dredging / Up gradation) mining and mineral separation stands at 2,00,000 tonsof

Ilmenite, 1,14,500tons of Rutile, 11,750 tons of Zircons and 10,000 tons of Sillimanite.

In addition to that, the plant has facilities for annual production of ground Zircon called

Zirflour and Microzir of the order of 6,000 tones and 300 tonsrespectively.

IREL Chavara is one of the oldest and leading public sector undertakings under the

Department of Atomic Energy (DAE). It is an ISO 14001: 2000; OHSAS 18000

certified company supplies beach sand minerals to the foreign and domestic market. It

caters the requirements of developed countries like U.S.A, U.K, Germany,

Australia, Japan etc. The major mineral products of IREL are Ilmenite, Rutile,

Sillimanite and Zirflour.

Organisation Study on IREL Chavara 11

DC School of Management and Technology | Trivandrum

CORPORATE STRUCTURE

Fig:1.1

RESEARCH DESIGN A research design is a plan of the proposed research work. The research designs simply

a specific presentation of the various steps in the process of research. Design means

adopting that type or technique which is most suited for the research and study of the

problem. It is a plan, structure and strategy of investigation conceived so as to obtain

answers to research questions and to control variance.

OBJECTIVE OF THE STUDY

The main objective of the study is to familiarize with the organisational functions in the

organisation, there are many other minor objectives also. They are the following:-

To understand about how an organisations system is performing.

To know about various departments and their functions in an organisation.

To study the managerial activities performed in an organisation.

To know how an organisation coordinates its activities.

To get a practical exposure as the future manager.

OSCOM Plant

Orissa

Corporate & Registered

Office at Mumbai

Rare Earths Division

Udyogamandal

Mineral Division

Manavalakurichi

Mineral Division

Chavara

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DC School of Management and Technology | Trivandrum

SCOPE OF THE STUDY

The scope of the study is to know about the organisation, its structure, the functions

performed by various departments and to know the overall performance of the

organisation. The study will help the management students to get a practical exposure.